Dutch Bros (NYSE:BROS) Major Shareholder Sells $15,759,829.98 in Stock

Dutch Bros Inc. (NYSE:BROS) major shareholder Dm Individual Aggregator, Llc sold 261,054 shares of Dutch Bros stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $60.37, for a total value of $15,759,829.98. Following the completion of the transaction, the insider directly owned 2,671,855 shares of the company’s stock, valued at $161,299,886.35. This represents a 8.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 sales and purchases with the SEC.

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

• On Thursday, June 11th, Dm Individual Aggregator, Llc sold 261,055 shares of Dutch Bros stock. The shares were sold at an average price of $63.02, for a total value of $16,451,686.10.
• 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 transaction of $9,070,615.92.
• On Friday, May 29th, Dm Individual Aggregator, Llc sold 105,362 shares of Dutch Bros stock. The stock was sold at an average price of $58.27, for a total transaction of $6,139,443.74.
• On Thursday, May 28th, Dm Individual Aggregator, Llc sold 71,399 shares of Dutch Bros stock. The shares were sold at an average price of $56.16, for a total transaction of $4,009,767.84.
• On Wednesday, May 27th, Dm Individual Aggregator, Llc sold 189,655 shares of Dutch Bros stock. The shares were sold at an average price of $56.21, for a total transaction of $10,660,507.55.

Dutch Bros Price Performance

Shares of NYSE BROS traded up $1.21 during trading hours on Friday, hitting $66.24. 2,149,495 shares of the stock were exchanged, compared to its average volume of 4,591,641. The company’s fifty day simple moving average is $54.57 and its two-hundred day simple moving average is $55.99. The company has a market cap of $11.57 billion, a PE ratio of 103.50, a price-to-earnings-growth ratio of 1.95 and a beta of 2.36. 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 Inc. has a 1-year low of $44.58 and a 1-year high of $74.65.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. Dutch Bros had a net margin of 4.61% and a return on equity of 9.42%. The business had revenue of $464.41 million during the quarter, compared to the consensus estimate of $449.70 million. During the same period in the previous year, the business earned $0.14 earnings per share. The company’s revenue was up 30.7% on a year-over-year basis. On average, sell-side analysts predict that Dutch Bros Inc. will post 0.84 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BROS. Royal Bank Of Canada reiterated an “outperform” rating on shares of Dutch Bros in a report on Wednesday, May 20th. Barclays cut their target price on Dutch Bros from $76.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, May 7th. Piper Sandler lifted their target price on Dutch Bros from $59.00 to $61.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. DA Davidson reissued a “buy” rating and issued a $75.00 price objective on shares of Dutch Bros in a research report on Monday, June 1st. Finally, Morgan Stanley reissued an “overweight” rating and issued a $87.00 price objective on shares of Dutch Bros in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Dutch Bros has a consensus rating of “Moderate Buy” and a consensus target price of $76.00.

Institutional Trading of Dutch Bros

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

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.