Dutch Bros Inc. (NYSE:BROS) Major Shareholder Sells $22,674,385.11 in Stock

Dutch Bros Inc. (NYSE:BROS) major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $77.73, for a total transaction of $22,674,385.11. Following the completion of the sale, the insider now owns 2,903,316 shares in the company, valued at $225,674,752.68. This represents a 9.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Dm Individual Aggregator, Llc also recently made the following trade(s):

• On Wednesday, February 26th, Dm Individual Aggregator, Llc sold 182,123 shares of Dutch Bros stock. The shares were sold at an average price of $75.91, for a total transaction of $13,824,956.93.
• On Monday, February 24th, Dm Individual Aggregator, Llc sold 262,537 shares of Dutch Bros stock. The stock was sold at an average price of $74.77, for a total transaction of $19,629,891.49.

Dutch Bros Stock Up 1.3 %

Dutch Bros stock opened at $76.42 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. Dutch Bros Inc. has a 1-year low of $26.85 and a 1-year high of $86.88. The company has a fifty day simple moving average of $63.14 and a 200 day simple moving average of $47.31. The company has a market cap of $11.78 billion, a P/E ratio of 224.76, a price-to-earnings-growth ratio of 4.23 and a beta of 2.73.

Hedge Funds Weigh In On Dutch Bros

Several hedge funds have recently modified their holdings of the stock. R Squared Ltd bought a new stake in Dutch Bros during the fourth quarter worth about $25,000. Coppell Advisory Solutions LLC increased its position in shares of Dutch Bros by 638.6% during the 4th quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company’s stock worth $27,000 after purchasing an additional 447 shares during the last quarter. Fortitude Family Office LLC acquired a new position in shares of Dutch Bros during the 4th quarter worth approximately $41,000. Bernard Wealth Management Corp. bought a new stake in shares of Dutch Bros during the 4th quarter worth approximately $43,000. Finally, Gould Capital LLC boosted its holdings in shares of Dutch Bros by 20.4% in the 4th quarter. Gould Capital LLC now owns 826 shares of the company’s stock valued at $43,000 after buying an additional 140 shares during the last quarter. Institutional investors own 85.54% of the company’s stock.

Wall Street Analyst Weigh In

BROS has been the topic of several research analyst reports. TD Securities raised their price objective on Dutch Bros from $65.00 to $89.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. TD Cowen raised their price target on Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Bank of America lifted their price objective on Dutch Bros from $61.00 to $72.00 and gave the company a “buy” rating in a report on Monday, January 27th. UBS Group increased their target price on Dutch Bros from $67.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Finally, William Blair reaffirmed an “outperform” rating on shares of Dutch Bros in a research note on Tuesday, December 17th. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Dutch Bros presently has a consensus rating of “Buy” and an average price target of $74.83.

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.