Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma Sells 334,069 Shares

Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma sold 334,069 shares of Dutch Bros stock in a transaction on Monday, May 20th. The stock was sold at an average price of $36.85, for a total transaction of $12,310,442.65. Following the transaction, the chairman now directly owns 871,764 shares of the company’s stock, valued at approximately $32,124,503.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, May 13th, Travis Boersma sold 54,359 shares of Dutch Bros stock. The stock was sold at an average price of $36.02, for a total transaction of $1,958,011.18.
• On Thursday, March 21st, Travis Boersma sold 98,017 shares of Dutch Bros stock. The stock was sold at an average price of $36.04, for a total transaction of $3,532,532.68.
• On Wednesday, March 13th, Travis Boersma sold 296,603 shares of Dutch Bros stock. The stock was sold at an average price of $34.31, for a total transaction of $10,176,448.93.
• On Monday, March 4th, Travis Boersma sold 389,406 shares of Dutch Bros stock. The stock was sold at an average price of $30.31, for a total transaction of $11,802,895.86.
• On Thursday, February 22nd, Travis Boersma sold 404,950 shares of Dutch Bros stock. The stock was sold at an average price of $28.06, for a total transaction of $11,362,897.00.

Dutch Bros Trading Down 1.0 %

NYSE BROS traded down $0.38 during trading on Wednesday, hitting $35.91. The company had a trading volume of 2,130,923 shares, compared to its average volume of 2,216,690. The company has a current ratio of 2.29, a quick ratio of 1.98 and a debt-to-equity ratio of 0.86. Dutch Bros Inc. has a one year low of $22.67 and a one year high of $38.41. The company has a market cap of $6.36 billion, a price-to-earnings ratio of 201.57, a price-to-earnings-growth ratio of 4.50 and a beta of 2.43. The company’s fifty day moving average is $32.27 and its 200-day moving average is $29.91.

Dutch Bros (NYSE:BROS) last released its earnings results on Wednesday, February 21st. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. Dutch Bros had a net margin of 1.21% and a return on equity of 1.99%. The firm had revenue of $254.12 million for the quarter, compared to the consensus estimate of $254.80 million. On average, sell-side analysts predict that Dutch Bros Inc. will post 0.29 earnings per share for the current year.

Institutional Trading of Dutch Bros

A number of institutional investors have recently made changes to their positions in the stock. Transcendent Capital Group LLC bought a new position in shares of Dutch Bros in the 1st quarter worth approximately $26,000. DekaBank Deutsche Girozentrale bought a new position in shares of Dutch Bros in the 4th quarter worth approximately $40,000. Avior Wealth Management LLC lifted its stake in shares of Dutch Bros by 1,610.7% in the 4th quarter. Avior Wealth Management LLC now owns 1,283 shares of the company’s stock worth $41,000 after purchasing an additional 1,208 shares during the period. Allworth Financial LP lifted its stake in shares of Dutch Bros by 41.8% in the 4th quarter. Allworth Financial LP now owns 1,598 shares of the company’s stock worth $51,000 after purchasing an additional 471 shares during the period. Finally, GPS Wealth Strategies Group LLC lifted its stake in shares of Dutch Bros by 31.1% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 2,490 shares of the company’s stock worth $79,000 after purchasing an additional 590 shares during the period. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on BROS shares. JPMorgan Chase & Co. raised their price target on shares of Dutch Bros from $34.00 to $40.00 and gave the company an “overweight” rating in a research report on Tuesday, March 19th. Piper Sandler raised shares of Dutch Bros from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $32.00 to $37.00 in a research note on Monday, March 4th. Stifel Nicolaus reissued a “buy” rating and issued a $40.00 price target on shares of Dutch Bros in a research note on Wednesday, April 3rd. William Blair reissued an “outperform” rating on shares of Dutch Bros in a research note on Thursday, February 22nd. Finally, Guggenheim reiterated a “neutral” rating and set a $30.00 price target on shares of Dutch Bros in a report on Friday, April 5th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $37.33.

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.