Dutch Bros (NYSE:BROS) Chairman Travis Boersma Sells 393,768 Shares of Stock

Dutch Bros Inc. (NYSE:BROS – Get Free Report) Chairman Travis Boersma sold 393,768 shares of the firm’s stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $44.06, for a total value of $17,349,418.08. Following the transaction, the chairman directly owned 1,725,864 shares in the company, valued at approximately $76,041,567.84. The trade was a 18.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • On Wednesday, November 4th, Travis Boersma sold 1,032,216 shares of Dutch Bros stock. The shares were sold at an average price of $44.73, for a total transaction of $46,171,021.68.
  • On Monday, November 2nd, Travis Boersma sold 962,828 shares of Dutch Bros stock. The stock was sold at an average price of $44.55, for a total value of $42,893,987.40.
  • On Friday, October 30th, Travis Boersma sold 57,478 shares of Dutch Bros stock. The stock was sold at an average price of $44.09, for a total transaction of $2,534,205.02.
  • On Thursday, October 29th, Travis Boersma sold 408,023 shares of Dutch Bros stock. The shares were sold at an average price of $44.03, for a total value of $17,965,252.69.
  • On Tuesday, October 20th, Travis Boersma sold 145,687 shares of Dutch Bros stock. The stock was sold at an average price of $44.01, for a total value of $6,411,684.87.

Dutch Bros Price Performance

Shares of NYSE BROS opened at $43.90 on Thursday. Dutch Bros Inc. has a 1-year low of $36.51 and a 1-year high of $74.02. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.35 and a quick ratio of 1.19. The business’s fifty day moving average price is $42.11 and its two-hundred day moving average price is $53.16. The firm has a market capitalization of $7.67 billion, a PE ratio of 60.97, a P/E/G ratio of 1.36 and a beta of 1.97.

Dutch Bros (NYSE:BROS – Get Free Report) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. Dutch Bros had a net margin of 4.91% and a return on equity of 10.01%. The firm had revenue of $549.84 million for the quarter, compared to analysts’ expectations of $548.27 million. During the same period in the previous year, the business earned $0.19 earnings per share. Dutch Bros’s revenue for the quarter was up 29.8% compared to the same quarter last year. On average, research analysts expect that Dutch Bros Inc. will post 0.88 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BROS. Stephens decreased their price objective on Dutch Bros from $80.00 to $65.00 and set an “overweight” rating on the stock in a report on Thursday, October 15th. Melius Research reduced their target price on Dutch Bros from $95.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, September 18th. DA Davidson dropped their target price on shares of Dutch Bros from $85.00 to $60.00 and set a “buy” rating on the stock in a report on Monday, September 28th. Mizuho dropped their price objective on shares of Dutch Bros from $80.00 to $65.00 and set an “outperform” rating on the stock in a report on Friday, October 30th. Finally, UBS Group reduced their target price on shares of Dutch Bros from $85.00 to $75.00 and set a “buy” rating for the company in a research note on Monday, October 26th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Dutch Bros has a consensus rating of “Moderate Buy” and a consensus target price of $66.08.

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Institutional Investors Weigh In On Dutch Bros

Institutional investors and hedge funds have recently bought and sold shares of the company. Hyperion Asset Management Ltd acquired a new position in Dutch Bros during the 2nd quarter worth approximately $42,946,000. Empowered Funds LLC acquired a new position in shares of Dutch Bros in the first quarter valued at approximately $1,309,000. Independent Financial Group LLC bought a new position in Dutch Bros in the 1st quarter valued at approximately $1,164,000. California State Teachers Retirement System increased its stake in shares of Dutch Bros by 19.2% in the first quarter. California State Teachers Retirement System now owns 147,011 shares of the company’s stock valued at $7,448,000 after buying an additional 23,679 shares during the period. Finally, Entropy Technologies LP bought a new position in shares of Dutch Bros during the first quarter worth about $2,112,000. Institutional investors own 85.54% of the company’s stock.

Dutch Bros Company Profile

(Get Free Report)

Dutch Bros Inc is a drive-thru beverage company that operates and franchises coffee shops across the United States. The company is known for its made-to-order drinks, fast service and community-focused brand.

Its menu includes hot, iced and blended coffee beverages, along with specialty drinks such as energy drinks, teas, lemonades, smoothies and other noncoffee refreshments. Dutch Bros also offers packaged products and branded merchandise through select locations and digital channels.

Dutch Bros was founded in 1992 in Grants Pass, Oregon, by brothers Dane and Travis Boersma.

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