Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma Sells 704,995 Shares of Stock

by · The Markets Daily

Dutch Bros Inc. (NYSE:BROS – Get Free Report) Chairman Travis Boersma sold 704,995 shares of the stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $68.24, for a total value of $48,108,858.80. Following the completion of the sale, the chairman now owns 2,218,611 shares in the company, valued at approximately $151,398,014.64. The trade was a 24.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Monday, May 19th, Travis Boersma sold 531,526 shares of Dutch Bros stock. The stock was sold at an average price of $72.02, for a total transaction of $38,280,502.52.
  • On Wednesday, February 26th, Travis Boersma sold 471,718 shares of Dutch Bros stock. The stock was sold at an average price of $75.91, for a total transaction of $35,808,113.38.
  • On Monday, February 24th, Travis Boersma sold 679,996 shares of Dutch Bros stock. The stock was sold at an average price of $74.77, for a total value of $50,843,300.92.
  • On Friday, February 21st, Travis Boersma sold 755,551 shares of Dutch Bros stock. The shares were sold at an average price of $77.73, for a total value of $58,728,979.23.

Dutch Bros Price Performance

Shares of BROS stock opened at $64.89 on Thursday. Dutch Bros Inc. has a fifty-two week low of $26.96 and a fifty-two week high of $86.88. The firm has a market capitalization of $10.01 billion, a price-to-earnings ratio of 190.86, a PEG ratio of 4.23 and a beta of 2.71. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.76. The stock’s 50-day simple moving average is $62.20 and its 200-day simple moving average is $60.11.

Dutch Bros (NYSE:BROS – Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.03. The company had revenue of $355.15 million for the quarter, compared to the consensus estimate of $343.30 million. Dutch Bros had a net margin of 2.75% and a return on equity of 6.78%. Dutch Bros’s revenue was up 28.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.09 EPS. As a group, equities analysts forecast that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on BROS shares. Morgan Stanley set a $80.00 target price on shares of Dutch Bros and gave the company an “overweight” rating in a research report on Monday, April 14th. Wells Fargo & Company initiated coverage on shares of Dutch Bros in a report on Wednesday, March 26th. They set an “overweight” rating and a $80.00 price objective on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Dutch Bros from $58.00 to $80.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. TD Securities reiterated a “buy” rating and issued a $78.00 price target on shares of Dutch Bros in a report on Thursday, May 8th. Finally, Guggenheim lifted their price target on Dutch Bros from $54.00 to $72.00 and gave the company a “buy” rating in a report on Monday, March 31st. One equities research analyst has rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $75.73.

View Our Latest Analysis on BROS

Institutional Investors Weigh In On Dutch Bros

A number of large investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. grew its holdings in shares of Dutch Bros by 1,614.7% during the first quarter. Geneos Wealth Management Inc. now owns 2,572 shares of the company’s stock valued at $159,000 after buying an additional 2,422 shares during the last quarter. Intech Investment Management LLC purchased a new stake in Dutch Bros during the 1st quarter valued at about $1,785,000. Bayforest Capital Ltd grew its stake in Dutch Bros by 21.4% during the 1st quarter. Bayforest Capital Ltd now owns 10,195 shares of the company’s stock valued at $629,000 after purchasing an additional 1,798 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Dutch Bros by 7.9% during the 1st 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 purchasing an additional 22,323 shares during the last quarter. Finally, Woodline Partners LP boosted its position in Dutch Bros by 772.6% in the first quarter. Woodline Partners LP now owns 209,027 shares of the company’s stock valued at $12,905,000 after buying an additional 185,072 shares during the last quarter. 85.54% of the stock is owned by hedge funds and other institutional investors.

Dutch Bros Company Profile

(Get Free Report)

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.

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