Dutch Bros (NYSE:BROS) Chairman Travis Boersma Sells 962,828 Shares of Company Stock

Dutch Bros Inc. (NYSE:BROS – Get Free Report) Chairman Travis Boersma sold 962,828 shares of Dutch Bros stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $44.55, for a total value of $42,893,987.40. Following the sale, the chairman directly owned 1,862,924 shares in the company, valued at $82,993,264.20. The trade was a 34.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible 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 Wednesday, November 4th, Travis Boersma sold 1,032,216 shares of Dutch Bros stock. The stock was sold at an average price of $44.73, for a total value of $46,171,021.68.
  • On Tuesday, November 3rd, Travis Boersma sold 393,768 shares of Dutch Bros stock. The shares were sold at an average price of $44.06, for a total value of $17,349,418.08.
  • On Friday, October 30th, Travis Boersma sold 57,478 shares of Dutch Bros stock. The shares were sold at an average price of $44.09, for a total value of $2,534,205.02.
  • On Thursday, October 29th, Travis Boersma sold 408,023 shares of Dutch Bros stock. The stock was sold at an average price of $44.03, for a total transaction 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 transaction of $6,411,684.87.

Dutch Bros Trading Up 0.7%

BROS traded up $0.32 during trading on Wednesday, reaching $43.90. 9,753,712 shares of the company’s stock were exchanged, compared to its average volume of 4,395,353. Dutch Bros Inc. has a one year low of $36.51 and a one year high of $74.02. The company has a current ratio of 1.35, a quick ratio of 1.19 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $7.67 billion, a PE ratio of 62.26, a price-to-earnings-growth ratio of 1.36 and a beta of 1.97. The firm has a fifty day moving average price of $42.11 and a two-hundred day moving average price of $53.16.

Dutch Bros (NYSE:BROS – Get Free Report) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. The firm had revenue of $549.84 million during the quarter, compared to analysts’ expectations of $548.27 million. Dutch Bros had a net margin of 4.91% and a return on equity of 10.01%. The company’s revenue was up 29.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.19 EPS. As a group, equities research analysts forecast that Dutch Bros Inc. will post 0.88 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wellington Management Group LLP grew its stake in Dutch Bros by 38.0% during the second quarter. Wellington Management Group LLP now owns 3,090,882 shares of the company’s stock worth $221,956,000 after purchasing an additional 851,075 shares during the period. Bank of America Corp DE increased its holdings in Dutch Bros by 33.4% in the first quarter. Bank of America Corp DE now owns 1,814,815 shares of the company’s stock worth $91,939,000 after purchasing an additional 454,036 shares in the last quarter. Wasatch Advisors LP increased its holdings in Dutch Bros by 17.8% in the second quarter. Wasatch Advisors LP now owns 1,038,903 shares of the company’s stock worth $74,604,000 after purchasing an additional 157,098 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Dutch Bros by 3.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,204,326 shares of the company’s stock worth $60,994,000 after purchasing an additional 37,683 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Dutch Bros by 58.1% in the first quarter. Bank of New York Mellon Corp now owns 1,044,545 shares of the company’s stock valued at $52,917,000 after buying an additional 384,011 shares during the period. 85.54% of the stock is owned by institutional investors and hedge funds.

Dutch Bros News Roundup

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Telsey Advisory Group increased their price objective on Dutch Bros from $66.00 to $74.00 and gave the company an “outperform” rating in a report on Friday, July 31st. JPMorgan Chase & Co. cut their target price on Dutch Bros from $75.00 to $60.00 and set an “overweight” rating on the stock in a report on Tuesday, September 29th. DA Davidson reduced their price target on Dutch Bros from $85.00 to $60.00 and set a “buy” rating on the stock in a research report on Monday, September 28th. UBS Group decreased their price target on Dutch Bros from $85.00 to $75.00 and set a “buy” rating for the company in a research note on Monday, October 26th. Finally, Royal Bank Of Canada downgraded Dutch Bros from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $70.00 to $46.00 in a research report on Thursday, October 22nd. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $66.08.

Get Our Latest Research Report on BROS

About Dutch Bros

(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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Insider Buying and Selling by Quarter for Dutch Bros (NYSE:BROS)

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