Dutch Bros Inc. (NYSE:BROS) Major Shareholder Dm Individual Aggregator, Llc Sells 155,322 Shares

Dutch Bros Inc. (NYSE:BROS) major shareholder Dm Individual Aggregator, Llc sold 155,322 shares of the business’s stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $68.24, for a total value of $10,599,173.28. Following the transaction, the insider now directly owns 2,218,611 shares of the company’s stock, valued at $151,398,014.64. The trade was a 6.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Monday, May 19th, Dm Individual Aggregator, Llc sold 531,526 shares of Dutch Bros stock. The stock was sold at an average price of $72.02, for a total value of $38,280,502.52.
• On Wednesday, February 26th, Dm Individual Aggregator, Llc sold 182,123 shares of Dutch Bros stock. The stock was 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.
• On Friday, February 21st, Dm Individual Aggregator, Llc sold 291,707 shares of Dutch Bros stock. The stock was sold at an average price of $77.73, for a total transaction of $22,674,385.11.

Dutch Bros Stock Down 3.8%

Shares of BROS opened at $64.89 on Thursday. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. The business has a fifty day moving average of $62.20 and a 200 day moving average of $60.11. The company has a market cap of $10.01 billion, a PE ratio of 190.86, a P/E/G ratio of 4.23 and a beta of 2.71. Dutch Bros Inc. has a 52-week low of $26.96 and a 52-week high of $86.88.

Dutch Bros (NYSE:BROS) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The firm had revenue of $355.15 million during the quarter, compared to analysts’ expectations of $343.30 million. Dutch Bros had a net margin of 2.75% and a return on equity of 6.78%. The firm’s revenue for the quarter was up 28.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.09 EPS. On average, sell-side analysts expect that Dutch Bros Inc. will post 0.57 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Royal Bank of Canada began coverage on Dutch Bros in a research note on Wednesday, May 14th. They issued an “outperform” rating and a $83.00 price target on the stock. Piper Sandler dropped their target price on Dutch Bros from $70.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, May 8th. Wells Fargo & Company began coverage on Dutch Bros in a report on Wednesday, March 26th. They set an “overweight” rating and a $80.00 price target for the company. JPMorgan Chase & Co. lifted their price target on Dutch Bros from $58.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Finally, Robert W. Baird increased their price objective on shares of Dutch Bros from $66.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, May 8th. One investment analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $75.73.

Institutional Trading of Dutch Bros

A number of hedge funds and other institutional investors have recently bought and sold shares of BROS. FIL Ltd purchased a new stake in shares of Dutch Bros during the fourth quarter valued at $176,298,000. FMR LLC lifted its holdings in Dutch Bros by 98.1% during the 4th quarter. FMR LLC now owns 6,516,479 shares of the company’s stock valued at $341,333,000 after buying an additional 3,227,435 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Dutch Bros during the 4th quarter valued at about $94,478,000. BNP Paribas Financial Markets boosted its position in Dutch Bros by 1,572.2% in the 1st quarter. BNP Paribas Financial Markets now owns 1,144,488 shares of the company’s stock valued at $70,661,000 after buying an additional 1,076,045 shares during the period. Finally, 1832 Asset Management L.P. grew its stake in Dutch Bros by 29.9% in the 1st quarter. 1832 Asset Management L.P. now owns 3,420,200 shares of the company’s stock worth $211,163,000 after acquiring an additional 788,100 shares in the last quarter. Hedge funds and other institutional investors own 85.54% of the company’s stock.

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.