Insider Selling: Dutch Bros (NYSE:BROS) Chairman Sells 749,999 Shares of Stock

Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma sold 749,999 shares of the business’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $60.39, for a total transaction of $45,292,439.61. Following the completion of the transaction, the chairman owned 2,671,855 shares in the company, valued at approximately $161,353,323.45. The trade was a 21.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, June 11th, Travis Boersma sold 750,000 shares of Dutch Bros stock. The shares were sold at an average price of $63.02, for a total transaction of $47,265,000.00.
• On Monday, June 1st, Travis Boersma sold 447,299 shares of Dutch Bros stock. The stock was sold at an average price of $58.26, for a total value of $26,059,639.74.
• On Friday, May 29th, Travis Boersma sold 302,700 shares of Dutch Bros stock. The stock was sold at an average price of $58.27, for a total value of $17,638,329.00.
• On Thursday, May 28th, Travis Boersma sold 205,127 shares of Dutch Bros stock. The stock was sold at an average price of $56.16, for a total value of $11,519,932.32.
• On Wednesday, May 27th, Travis Boersma sold 544,872 shares of Dutch Bros stock. The stock was sold at an average price of $56.21, for a total value of $30,627,255.12.

Dutch Bros Trading Up 1.9%

Shares of BROS stock traded up $1.21 during mid-day trading on Friday, hitting $66.24. The company’s stock had a trading volume of 2,149,495 shares, compared to its average volume of 4,591,641. The company’s fifty day simple moving average is $54.57 and its 200-day simple moving average is $55.99. Dutch Bros Inc. has a 52 week low of $44.58 and a 52 week high of $74.65. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.19 and a current ratio of 1.33. The company has a market cap of $11.57 billion, a PE ratio of 103.50, a P/E/G ratio of 1.95 and a beta of 2.36.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. Dutch Bros had a return on equity of 9.42% and a net margin of 4.61%.The firm had revenue of $464.41 million during the quarter, compared to analyst estimates of $449.70 million. During the same period last year, the company posted $0.14 EPS. The business’s quarterly revenue was up 30.7% on a year-over-year basis. As a group, equities research analysts expect that Dutch Bros Inc. will post 0.84 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BROS has been the topic of a number of research reports. TD Cowen reaffirmed a “buy” rating and issued a $73.00 price target on shares of Dutch Bros in a report on Wednesday. KeyCorp increased their price target on shares of Dutch Bros from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. The Goldman Sachs Group upgraded shares of Dutch Bros from a “neutral” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Monday, March 2nd. Barclays decreased their target price on shares of Dutch Bros from $76.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, May 7th. Finally, Oppenheimer assumed coverage on Dutch Bros in a research report on Friday, May 1st. They issued an “outperform” rating and a $72.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $76.00.

Institutional Investors Weigh In On Dutch Bros

Hedge funds have recently added to or reduced their stakes in the company. Alyeska Investment Group L.P. bought a new stake in shares of Dutch Bros in the fourth quarter worth about $113,880,000. Westfield Capital Management Co. LP bought a new stake in Dutch Bros in the fourth quarter worth $108,948,000. Norges Bank bought a new stake in shares of Dutch Bros during the fourth quarter valued at approximately $96,951,000. Balyasny Asset Management L.P. raised its holdings in Dutch Bros by 196.0% in the 3rd quarter. Balyasny Asset Management L.P. now owns 1,817,201 shares of the company’s stock worth $95,112,000 after acquiring an additional 1,203,338 shares during the last quarter. Finally, Interval Partners LP purchased a new position in shares of Dutch Bros in the fourth quarter worth $57,276,000. Institutional investors own 85.54% of the company’s stock.

Dutch Bros Company Profile

Dutch Bros Coffee, trading on the NYSE under the ticker BROS, is an American drive-through coffee chain known for its quick-service model and community-focused brand. Founded in 1992 by brothers Dane and Travis Boersma in Grants Pass, Oregon, the company began as a single coffee stand and has since expanded its footprint across numerous U.S. markets. Dutch Bros specializes in handcrafted espresso drinks, drip coffee, cold brew, energy drinks, smoothies, teas, and a variety of signature “Dutch Freeze” and “Dutch Frost” blended beverages.

The company operates a mix of company-owned and franchised locations, placing a strong emphasis on speed and customer engagement.