Travis Boersma Sells 80,720 Shares of Dutch Bros Inc. (NYSE:BROS) Stock

Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma sold 80,720 shares of Dutch Bros stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $36.03, for a total value of $2,908,341.60. Following the completion of the sale, the chairman now directly owns 125,671 shares in the company, valued at approximately $4,527,926.13. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Travis Boersma also recently made the following trade(s):

• On Monday, September 16th, Travis Boersma sold 18,223 shares of Dutch Bros stock. The shares were sold at an average price of $34.13, for a total transaction of $621,950.99.
• On Thursday, September 12th, Travis Boersma sold 9,610 shares of Dutch Bros stock. The shares were sold at an average price of $34.01, for a total transaction of $326,836.10.
• On Monday, September 9th, Travis Boersma sold 280,518 shares of Dutch Bros stock. The stock was sold at an average price of $32.36, for a total transaction of $9,077,562.48.
• On Thursday, September 5th, Travis Boersma sold 3,600 shares of Dutch Bros stock. The shares were sold at an average price of $32.00, for a total transaction of $115,200.00.
• On Friday, August 23rd, Travis Boersma sold 800 shares of Dutch Bros stock. The stock was sold at an average price of $32.00, for a total value of $25,600.00.
• On Monday, August 19th, Travis Boersma sold 426,891 shares of Dutch Bros stock. The shares were sold at an average price of $31.59, for a total value of $13,485,486.69.

Dutch Bros Trading Down 2.2 %

Dutch Bros stock traded down $0.80 during trading hours on Tuesday, hitting $35.10. The company had a trading volume of 1,777,841 shares, compared to its average volume of 2,694,716. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.88 and a current ratio of 2.19. The firm has a market cap of $6.22 billion, a P/E ratio of 196.39, a P/E/G ratio of 2.55 and a beta of 2.49. The company has a 50-day moving average price of $32.91 and a two-hundred day moving average price of $34.81. Dutch Bros Inc. has a 1 year low of $23.31 and a 1 year high of $43.49.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. The firm had revenue of $324.92 million during the quarter, compared to analyst estimates of $317.39 million. Dutch Bros had a return on equity of 3.99% and a net margin of 1.95%. Dutch Bros’s quarterly revenue was up 30.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.07 earnings per share. On average, sell-side analysts anticipate that Dutch Bros Inc. will post 0.32 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Stifel Nicolaus cut their target price on Dutch Bros from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. UBS Group upgraded shares of Dutch Bros from a “neutral” rating to a “buy” rating and set a $39.00 price objective on the stock in a research report on Thursday, August 15th. Guggenheim upgraded shares of Dutch Bros from a “neutral” rating to a “buy” rating in a report on Thursday, August 8th. Wedbush reiterated an “outperform” rating and set a $45.00 price target on shares of Dutch Bros in a report on Monday, October 14th. Finally, Piper Sandler downgraded shares of Dutch Bros from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $41.00 to $36.00 in a research note on Monday, August 19th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $40.20.

Hedge Funds Weigh In On Dutch Bros

A number of hedge funds and other institutional investors have recently made changes to their positions in BROS. Creative Planning raised its holdings in shares of Dutch Bros by 5.6% in the second quarter. Creative Planning now owns 7,673 shares of the company’s stock valued at $318,000 after acquiring an additional 405 shares in the last quarter. Jamison Private Wealth Management Inc. increased its position in Dutch Bros by 150.2% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock valued at $27,000 after purchasing an additional 500 shares during the period. Keudell Morrison Wealth Management increased its position in Dutch Bros by 5.2% during the 2nd quarter. Keudell Morrison Wealth Management now owns 10,546 shares of the company’s stock valued at $437,000 after purchasing an additional 524 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of Dutch Bros by 8.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 6,844 shares of the company’s stock valued at $219,000 after purchasing an additional 544 shares in the last quarter. Finally, Arcadia Investment Management Corp MI bought a new position in shares of Dutch Bros during the second quarter valued at approximately $27,000. Institutional investors own 85.54% of the company’s stock.

Dutch Bros Company Profile

Dutch Bros Inc, together with its subsidiaries, operates and franchises drive-thru shops in the United States. The company operates through Company-Operated Shops and Franchising and Other segments. It serves through company-operated shops and online channels under Dutch Bros; Dutch Bros Coffee; Dutch Bros Rebel; Dutch Bros; and Blue Rebel brands.