Dutch Bros (NYSE:BROS) Trading Down 7% – Here’s What Happened

Dutch Bros Inc. (NYSE:BROS)’s stock price dropped 7% on Friday . The stock traded as low as $60.23 and last traded at $60.47. Approximately 2,095,462 shares traded hands during mid-day trading, a decline of 30% from the average daily volume of 2,995,651 shares. The stock had previously closed at $65.01.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. William Blair reissued an “outperform” rating on shares of Dutch Bros in a report on Tuesday, December 17th. Baird R W raised Dutch Bros from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. JPMorgan Chase & Co. boosted their price objective on shares of Dutch Bros from $58.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Robert W. Baird raised their target price on shares of Dutch Bros from $70.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Finally, Morgan Stanley assumed coverage on Dutch Bros in a report on Monday. They issued an “overweight” rating and a $82.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $76.50.

Dutch Bros Stock Down 4.8 %

The company has a market capitalization of $9.54 billion, a PE ratio of 181.39, a P/E/G ratio of 4.23 and a beta of 2.65. The business has a 50-day moving average of $67.84 and a 200 day moving average of $52.39. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.76 and a quick ratio of 1.58.

Insider Activity at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $77.73, for a total value of $22,674,385.11. Following the completion of the sale, the insider now directly owns 2,903,316 shares of the company’s stock, valued at $225,674,752.68. This trade represents a 9.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Travis Boersma sold 755,551 shares of Dutch Bros stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $77.73, for a total value of $58,728,979.23. Following the completion of the transaction, the chairman now owns 2,903,316 shares of the company’s stock, valued at approximately $225,674,752.68. This trade represents a 20.65 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,643,632 shares of company stock valued at $201,509,627. 46.50% of the stock is owned by corporate insiders.

Institutional Trading of Dutch Bros

A number of institutional investors have recently bought and sold shares of BROS. Virtu Financial LLC purchased a new stake in shares of Dutch Bros in the third quarter valued at $573,000. Charles Schwab Investment Management Inc. raised its position in Dutch Bros by 35.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 687,527 shares of the company’s stock worth $22,021,000 after purchasing an additional 181,636 shares during the period. Raymond James Financial Inc. bought a new stake in Dutch Bros in the fourth quarter worth about $94,478,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Dutch Bros by 38.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 212,834 shares of the company’s stock valued at $6,817,000 after buying an additional 58,623 shares during the period. Finally, Clear Creek Financial Management LLC purchased a new position in shares of Dutch Bros during the fourth quarter valued at approximately $288,000. 85.54% of the stock is currently owned by institutional investors.

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.