Travis Boersma Sells 755,551 Shares of Dutch Bros Inc. (NYSE:BROS) Stock

Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma sold 755,551 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $77.73, for a total transaction of $58,728,979.23. Following the completion of the transaction, the chairman now directly owns 2,903,316 shares in the company, valued at approximately $225,674,752.68. This represents a 20.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, February 24th, Travis Boersma sold 679,996 shares of Dutch Bros stock. The shares were sold at an average price of $74.77, for a total transaction of $50,843,300.92.

Dutch Bros Trading Down 3.9 %

BROS stock traded down $2.92 during midday trading on Tuesday, hitting $72.39. The stock had a trading volume of 640,343 shares, compared to its average volume of 3,059,158. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. The firm has a market cap of $11.16 billion, a P/E ratio of 212.36, a price-to-earnings-growth ratio of 4.23 and a beta of 2.73. The business has a fifty day moving average price of $62.25 and a two-hundred day moving average price of $46.81. Dutch Bros Inc. has a 1-year low of $26.85 and a 1-year high of $86.88.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Jefferies Financial Group raised their price objective on Dutch Bros from $60.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. JPMorgan Chase & Co. increased their price target on Dutch Bros from $58.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. William Blair restated an “outperform” rating on shares of Dutch Bros in a report on Tuesday, December 17th. Wedbush upped their price objective on Dutch Bros from $65.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Finally, TD Cowen lifted their target price on shares of Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $74.83.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in BROS. Gould Capital LLC increased its holdings in Dutch Bros by 20.4% in the fourth quarter. Gould Capital LLC now owns 826 shares of the company’s stock worth $43,000 after purchasing an additional 140 shares in the last quarter. AlphaCore Capital LLC acquired a new stake in shares of Dutch Bros during the 4th quarter worth approximately $262,000. Neo Ivy Capital Management bought a new stake in shares of Dutch Bros in the 4th quarter valued at $142,000. Castleark Management LLC acquired a new position in shares of Dutch Bros during the 4th quarter valued at $5,267,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Dutch Bros by 33.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 283,391 shares of the company’s stock worth $14,844,000 after acquiring an additional 70,557 shares in the last quarter. 85.54% of the stock is owned by institutional investors and hedge funds.

About Dutch Bros

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.