Insider Selling: Dutch Bros Inc. (NYSE:BROS) Chairman Sells 18,223 Shares of Stock

Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma sold 18,223 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $34.13, for a total value of $621,950.99. Following the completion of the transaction, the chairman now directly owns 263,954 shares in the company, valued at $9,008,750.02. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Thursday, September 12th, Travis Boersma sold 9,610 shares of Dutch Bros stock. The shares were sold at an average price of $34.01, for a total transaction of $326,836.10.
• On Monday, September 9th, Travis Boersma sold 280,518 shares of Dutch Bros stock. The stock was sold at an average price of $32.36, for a total transaction of $9,077,562.48.
• On Thursday, September 5th, Travis Boersma sold 3,600 shares of Dutch Bros stock. The stock was sold at an average price of $32.00, for a total value of $115,200.00.
• On Friday, August 23rd, Travis Boersma sold 800 shares of Dutch Bros stock. The shares were sold at an average price of $32.00, for a total value of $25,600.00.
• On Monday, August 19th, Travis Boersma sold 426,891 shares of Dutch Bros stock. The stock was sold at an average price of $31.59, for a total transaction of $13,485,486.69.

Dutch Bros Price Performance

Shares of BROS opened at $34.70 on Wednesday. The company has a 50 day moving average of $34.66 and a two-hundred day moving average of $34.64. The company has a market cap of $6.15 billion, a price-to-earnings ratio of 192.78, a price-to-earnings-growth ratio of 2.70 and a beta of 2.49. The company has a quick ratio of 1.88, a current ratio of 2.19 and a debt-to-equity ratio of 0.82. Dutch Bros Inc. has a twelve month low of $22.67 and a twelve month high of $43.49.

Dutch Bros (NYSE:BROS) last announced its earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.06. Dutch Bros had a return on equity of 3.99% and a net margin of 1.95%. The firm had revenue of $324.92 million for the quarter, compared to the consensus estimate of $317.39 million. During the same period in the previous year, the business earned $0.07 EPS. The firm’s revenue for the quarter was up 30.0% on a year-over-year basis. As a group, analysts predict that Dutch Bros Inc. will post 0.32 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Dutch Bros

Hedge funds have recently modified their holdings of the stock. Arcadia Investment Management Corp MI purchased a new stake in Dutch Bros during the 2nd quarter worth approximately $27,000. Quest Partners LLC lifted its stake in shares of Dutch Bros by 3,321.7% during the second quarter. Quest Partners LLC now owns 787 shares of the company’s stock worth $33,000 after buying an additional 764 shares during the period. Transcendent Capital Group LLC purchased a new stake in shares of Dutch Bros during the first quarter valued at $26,000. Abound Wealth Management acquired a new position in shares of Dutch Bros in the 2nd quarter valued at $39,000. Finally, Quarry LP acquired a new position in shares of Dutch Bros in the 2nd quarter valued at $43,000. Institutional investors and hedge funds own 85.54% of the company’s stock.

Wall Street Analysts Forecast Growth

BROS has been the subject of a number of recent research reports. Stifel Nicolaus dropped their price objective on shares of Dutch Bros from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Bank of America upped their price objective on Dutch Bros from $44.00 to $49.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Guggenheim upgraded Dutch Bros from a “neutral” rating to a “buy” rating in a research report on Thursday, August 8th. TD Cowen restated a “buy” rating and issued a $47.00 price target on shares of Dutch Bros in a report on Thursday, September 12th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $45.00 price target on shares of Dutch Bros in a research note on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Dutch Bros has a consensus rating of “Moderate Buy” and an average price target of $39.73.

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.