Dutch Bros (NYSE:BROS) Major Shareholder Sells $10,660,507.55 in Stock

Dutch Bros Inc. (NYSE:BROS) major shareholder Dm Individual Aggregator, Llc sold 189,655 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $56.21, for a total transaction of $10,660,507.55. Following the completion of the sale, the insider directly owned 3,265,362 shares in the company, valued at approximately $183,545,998.02. This represents a 5.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• 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 transaction of $4,009,767.84.

Dutch Bros Trading Up 2.5%

Shares of Dutch Bros stock traded up $1.44 during trading on Friday, hitting $58.00. The company’s stock had a trading volume of 3,787,324 shares, compared to its average volume of 4,704,018. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 1.19. Dutch Bros Inc. has a 52 week low of $44.58 and a 52 week high of $77.88. The stock has a market cap of $10.13 billion, a price-to-earnings ratio of 90.62, a price-to-earnings-growth ratio of 1.82 and a beta of 2.40. The stock has a 50-day moving average price of $52.96 and a two-hundred day moving average price of $55.67.

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

Hedge Funds Weigh In On Dutch Bros

Several institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. grew its position in Dutch Bros by 56.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 109,530 shares of the company’s stock worth $5,733,000 after purchasing an additional 39,561 shares in the last quarter. JPMorgan Chase & Co. grew its position in Dutch Bros by 31.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 204,705 shares of the company’s stock worth $10,714,000 after purchasing an additional 49,194 shares in the last quarter. Thornburg Investment Management Inc. grew its position in Dutch Bros by 143.9% in the 3rd quarter. Thornburg Investment Management Inc. now owns 77,711 shares of the company’s stock worth $4,067,000 after purchasing an additional 45,847 shares in the last quarter. Magnetar Financial LLC grew its position in Dutch Bros by 107.2% in the 3rd quarter. Magnetar Financial LLC now owns 140,590 shares of the company’s stock worth $7,358,000 after purchasing an additional 72,751 shares in the last quarter. Finally, M&T Bank Corp grew its position in Dutch Bros by 1,559.3% in the 4th quarter. M&T Bank Corp now owns 97,334 shares of the company’s stock worth $5,959,000 after purchasing an additional 91,468 shares in the last quarter. Institutional investors and hedge funds own 85.54% of the company’s stock.

Dutch Bros News Roundup

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BROS. Piper Sandler boosted their price objective on shares of Dutch Bros from $59.00 to $61.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Dutch Bros in a research report on Wednesday, May 20th. Morgan Stanley reaffirmed an “overweight” rating and set a $87.00 price target on shares of Dutch Bros in a research report on Thursday, May 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dutch Bros in a research report on Monday, April 20th. Finally, Telsey Advisory Group initiated coverage on shares of Dutch Bros in a research report on Wednesday, April 8th. They set an “outperform” rating and a $66.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $76.00.

About Dutch Bros

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.