Dutch Bros (NYSE:BROS) Chairman Sells $11,519,932.32 in Stock

Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma sold 205,127 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $56.16, for a total transaction of $11,519,932.32. Following the sale, the chairman directly owned 3,193,963 shares of the company’s stock, valued at approximately $179,372,962.08. This trade represents a 6.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 transaction of $30,627,255.12.

Dutch Bros Trading Up 2.5%

BROS traded up $1.44 on Friday, reaching $58.00. 3,787,324 shares of the company’s stock were exchanged, compared to its average volume of 4,704,018. The company’s 50 day moving average is $52.96 and its 200-day moving average is $55.67. The company has a market cap of $10.13 billion, a price-to-earnings ratio of 90.62, a PEG ratio of 1.82 and a beta of 2.40. Dutch Bros Inc. has a twelve month low of $44.58 and a twelve month high of $77.88. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.19 and a current ratio of 1.33.

Dutch Bros (NYSE:BROS) last posted its earnings results on Wednesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. Dutch Bros had a return on equity of 9.42% and a net margin of 4.61%.The business had revenue of $464.41 million during the quarter, compared to analyst estimates of $449.70 million. During the same quarter last year, the firm earned $0.14 earnings per share. The company’s revenue for the quarter was up 30.7% compared to the same quarter last year. Equities analysts predict that Dutch Bros Inc. will post 0.83 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BROS. Oppenheimer began coverage on Dutch Bros in a research note on Friday, May 1st. They issued an “outperform” rating and a $72.00 target price for the company. TD Cowen reiterated a “buy” rating and issued a $73.00 target price on shares of Dutch Bros in a research note on Wednesday, May 20th. Barclays lowered their target price on Dutch Bros from $76.00 to $75.00 and set an “overweight” rating for the company in a research note on Thursday, May 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Dutch Bros in a research note on Monday, April 20th. Finally, BNP Paribas Exane began coverage on Dutch Bros in a research note on Monday, March 30th. They issued an “outperform” rating and a $73.00 target price for the company. One 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $76.00.

Trending Headlines about Dutch Bros

Here are the key news stories impacting Dutch Bros this week:

• Positive Sentiment: Dutch Bros is speeding up store openings, which supports a stronger long-term growth outlook and suggests better execution on expansion plans. Will Accelerating Store Openings Strengthen Dutch Bros’ Growth Path?
• Positive Sentiment: New store announcements across multiple states reinforce Dutch Bros’ ability to expand its footprint and increase future sales opportunities. Dutch Bros Coffee to open first Macon location this summer
• Positive Sentiment: The opening of the 10th Albuquerque location highlights continued demand in established markets and sustained brand momentum. Dutch Bros opens 10th Albuquerque location
• Neutral Sentiment: Management is set to participate in an upcoming investor conference, which could provide more color on growth plans but is not a direct operational catalyst. Dutch Bros Inc. to Participate in Upcoming Investor Conference

Institutional Investors Weigh In On Dutch Bros

A number of hedge funds have recently bought and sold shares of the business. Marshall Wace LLP grew its stake in Dutch Bros by 15.1% during the 4th quarter. Marshall Wace LLP now owns 3,098,288 shares of the company’s stock valued at $189,677,000 after purchasing an additional 407,528 shares in the last quarter. Ninety One UK Ltd grew its stake in Dutch Bros by 1.5% during the 4th quarter. Ninety One UK Ltd now owns 2,625,483 shares of the company’s stock valued at $160,732,000 after purchasing an additional 39,781 shares in the last quarter. Invesco Ltd. grew its stake in Dutch Bros by 4.0% during the 3rd quarter. Invesco Ltd. now owns 2,426,657 shares of the company’s stock valued at $127,011,000 after purchasing an additional 93,515 shares in the last quarter. Geode Capital Management LLC grew its stake in Dutch Bros by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 2,265,083 shares of the company’s stock valued at $138,699,000 after purchasing an additional 39,349 shares in the last quarter. Finally, State Street Corp grew its position in shares of Dutch Bros by 1.8% in the 4th quarter. State Street Corp now owns 2,020,112 shares of the company’s stock worth $123,671,000 after acquiring an additional 35,854 shares in the last quarter. Institutional investors and hedge funds 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.