Dutch Bros (NYSE:BROS) Major Shareholder Dm Individual Aggregator, Llc Sells 105,362 Shares

Dutch Bros Inc. (NYSE:BROS) major shareholder Dm Individual Aggregator, Llc sold 105,362 shares of the company’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $58.27, for a total value of $6,139,443.74. Following the completion of the transaction, the insider directly owned 3,088,601 shares of the company’s stock, valued at $179,972,780.27. The trade was a 3.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own 10% or more 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, June 1st, Dm Individual Aggregator, Llc sold 155,692 shares of Dutch Bros stock. The stock was sold at an average price of $58.26, for a total value of $9,070,615.92.
• On Thursday, May 28th, Dm Individual Aggregator, Llc sold 71,399 shares of Dutch Bros stock. The stock was sold at an average price of $56.16, for a total value of $4,009,767.84.
• On Wednesday, May 27th, Dm Individual Aggregator, Llc sold 189,655 shares of Dutch Bros stock. The stock was sold at an average price of $56.21, for a total value of $10,660,507.55.

Dutch Bros Stock Performance

NYSE BROS opened at $57.94 on Wednesday. The stock has a market capitalization of $10.12 billion, a price-to-earnings ratio of 90.53, a PEG ratio of 1.91 and a beta of 2.36. Dutch Bros Inc. has a twelve month low of $44.58 and a twelve month high of $77.88. The company has a current ratio of 1.33, a quick ratio of 1.19 and a debt-to-equity ratio of 0.21. The stock has a 50-day moving average of $53.26 and a 200 day moving average of $55.70.

Dutch Bros (NYSE:BROS) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16. The company had revenue of $464.41 million during the quarter, compared to analysts’ expectations of $449.70 million. Dutch Bros had a return on equity of 9.42% and a net margin of 4.61%.Dutch Bros’s quarterly revenue was up 30.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.14 EPS. Sell-side analysts anticipate that Dutch Bros Inc. will post 0.83 EPS for the current fiscal year.

Key Dutch Bros News

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

• Positive Sentiment: Dutch Bros reiterated a major expansion runway at the William Blair Growth Stock Conference, with CEO comments pointing to a goal of reaching 2,029 shops by 2029, signaling confidence in long-term unit growth and market share gains. Dutch Bros Inc. (BROS) Presents at 46th Annual William Blair Growth Stock Conference Transcript
• Positive Sentiment: The company is also expanding its footprint geographically, including plans to open its first central Ohio location this year, which supports the growth narrative investors have been pricing into the stock. Dutch Bros to open first central Ohio location this year
• Neutral Sentiment: Management’s conference appearance likely reinforced investor focus on Dutch Bros’ store expansion strategy and operating momentum, but no new financial results were provided in the transcript headline itself. Dutch Bros Inc. (BROS) Presents at 46th Annual William Blair Growth Stock Conference Transcript
• Negative Sentiment: Chairman Travis Boersma sold 447,299 shares for about $26.1 million, a sizable reduction in his position, which can weigh on sentiment even though the sale was made under a pre-arranged trading plan. SEC filing for Travis Boersma sale
• Negative Sentiment: Dm Individual Aggregator LLC also sold shares in two separate transactions, adding to the overhang from insider and large-holder selling that investors may interpret as a lack of near-term upside conviction. SEC filing for Dm Individual Aggregator LLC sale

Analysts Set New Price Targets

A number of equities analysts have commented on BROS shares. BNP Paribas Exane started coverage on Dutch Bros in a report on Monday, March 30th. They set an “outperform” rating and a $73.00 target price for the company. The Goldman Sachs Group raised Dutch Bros from a “neutral” rating to a “buy” rating and set a $75.00 target price for the company in a report on Monday, March 2nd. Citigroup increased their target price on Dutch Bros from $84.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Wolfe Research started coverage on Dutch Bros in a report on Monday, March 9th. They set an “outperform” rating and a $77.00 target price for the company. Finally, KeyCorp increased their target price on Dutch Bros from $77.00 to $79.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $76.00.

Institutional Investors Weigh In On Dutch Bros

A number of large investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC purchased a new stake in shares of Dutch Bros in the first quarter valued at approximately $318,000. Empowered Funds LLC grew its position in shares of Dutch Bros by 15.9% in the first quarter. Empowered Funds LLC now owns 33,843 shares of the company’s stock valued at $2,089,000 after purchasing an additional 4,633 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Dutch Bros by 7.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 305,714 shares of the company’s stock valued at $18,875,000 after purchasing an additional 22,323 shares in the last quarter. California Public Employees Retirement System grew its position in shares of Dutch Bros by 24.2% in the second quarter. California Public Employees Retirement System now owns 198,895 shares of the company’s stock valued at $13,598,000 after purchasing an additional 38,697 shares in the last quarter. Finally, State Street Corp grew its position in shares of Dutch Bros by 6.6% in the second quarter. State Street Corp now owns 1,978,441 shares of the company’s stock valued at $135,266,000 after purchasing an additional 121,683 shares in the last quarter. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

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.