Dutch Bros (NYSE:BROS) Major Shareholder Sells $16,451,686.10 in Stock

Dutch Bros Inc. (NYSE:BROS) major shareholder Dm Individual Aggregator, Llc sold 261,055 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $63.02, for a total transaction of $16,451,686.10. Following the completion of the sale, the insider owned 2,410,800 shares of the company’s stock, valued at $151,928,616. This trade represents a 9.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 transactions with the SEC.

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

• On Wednesday, June 10th, Dm Individual Aggregator, Llc sold 261,054 shares of Dutch Bros stock. The stock was sold at an average price of $60.37, for a total transaction of $15,759,829.98.
• 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 stock was 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 stock was sold at an average price of $56.21, for a total transaction of $10,660,507.55.

Dutch Bros Price Performance

Shares of BROS traded up $1.21 during trading hours on Friday, reaching $66.24. The company had a trading volume of 2,149,495 shares, compared to its average volume of 4,591,641. The firm has a 50 day simple moving average of $54.57 and a 200-day simple moving average of $55.99. 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 company has a market capitalization of $11.57 billion, a price-to-earnings ratio of 103.50, a PEG ratio of 1.95 and a beta of 2.36. Dutch Bros Inc. has a 12-month low of $44.58 and a 12-month high of $74.65.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. The business had revenue of $464.41 million during the quarter, compared to the consensus estimate of $449.70 million. Dutch Bros had a net margin of 4.61% and a return on equity of 9.42%. The business’s revenue was up 30.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.14 EPS. Research analysts expect that Dutch Bros Inc. will post 0.84 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BROS has been the topic of several recent research reports. Citigroup upped their price objective on Dutch Bros from $84.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. BNP Paribas Exane initiated coverage on Dutch Bros in a research report on Monday, March 30th. They issued an “outperform” rating and a $73.00 price objective on the stock. Wolfe Research initiated coverage on Dutch Bros in a research report on Monday, March 9th. They issued an “outperform” rating and a $77.00 price objective on the stock. Barclays reduced their price objective on Dutch Bros from $76.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, May 7th. Finally, Oppenheimer initiated coverage on Dutch Bros in a research report on Friday, May 1st. They issued an “outperform” rating and a $72.00 price objective on the stock. One research 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $76.00.

Institutional Investors Weigh In On Dutch Bros

A number of institutional investors have recently added to or reduced their stakes in the company. Osterweis Capital Management Inc. purchased a new position in shares of Dutch Bros in the second quarter valued at $27,000. Rakuten Securities Inc. increased its stake in Dutch Bros by 557.4% during the 2nd quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock worth $31,000 after buying an additional 379 shares during the period. Brown Lisle Cummings Inc. acquired a new position in Dutch Bros in the 4th quarter worth $31,000. Ankerstar Wealth LLC acquired a new position in Dutch Bros in the 4th quarter worth $31,000. Finally, Quarry LP boosted its position in Dutch Bros by 83.5% in the 4th quarter. Quarry LP now owns 600 shares of the company’s stock valued at $37,000 after buying an additional 273 shares during the last quarter. Hedge funds and other institutional investors own 85.54% of the company’s stock.

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.