Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma Sells 38,339 Shares of Stock

Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma sold 38,339 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $33.48, for a total transaction of $1,283,589.72. Following the sale, the chairman now directly owns 15,610 shares in the company, valued at $522,622.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Friday, November 1st, Travis Boersma sold 285,462 shares of Dutch Bros stock. The shares were sold at an average price of $33.38, for a total transaction of $9,528,721.56.
• On Monday, October 28th, Travis Boersma sold 80,720 shares of Dutch Bros stock. The shares were sold at an average price of $36.03, for a total transaction of $2,908,341.60.
• On Monday, September 16th, Travis Boersma sold 18,223 shares of Dutch Bros stock. The shares were sold at an average price of $34.13, for a total transaction of $621,950.99.
• 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 shares were 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 shares were sold at an average price of $32.00, for a total transaction 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 transaction of $25,600.00.
• On Monday, August 19th, Travis Boersma sold 426,891 shares of Dutch Bros stock. The shares were sold at an average price of $31.59, for a total transaction of $13,485,486.69.

Dutch Bros Price Performance

NYSE BROS opened at $33.64 on Wednesday. Dutch Bros Inc. has a 12 month low of $25.46 and a 12 month high of $43.49. The stock has a market cap of $5.19 billion, a price-to-earnings ratio of 134.54, a PEG ratio of 3.68 and a beta of 2.47. The company’s 50 day moving average is $33.16 and its two-hundred day moving average is $34.92. The company has a current ratio of 2.19, a quick ratio of 1.88 and a debt-to-equity ratio of 0.82.

Dutch Bros (NYSE:BROS) last released its earnings results on Wednesday, August 7th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. The company had revenue of $324.92 million for the quarter, compared to analysts’ expectations of $317.39 million. Dutch Bros had a net margin of 1.95% and a return on equity of 3.99%. The firm’s revenue was up 30.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.07 EPS. As a group, research analysts anticipate that Dutch Bros Inc. will post 0.33 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on BROS shares. Barclays dropped their price target on shares of Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. TD Cowen reiterated a “buy” rating and issued a $47.00 price objective on shares of Dutch Bros in a research note on Thursday, September 12th. Piper Sandler cut shares of Dutch Bros from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $41.00 to $36.00 in a research note on Monday, August 19th. Guggenheim upgraded shares of Dutch Bros from a “neutral” rating to a “buy” rating in a research note on Thursday, August 8th. Finally, Stifel Nicolaus lowered their price objective on shares of Dutch Bros from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Dutch Bros has a consensus rating of “Moderate Buy” and a consensus target price of $40.20.

Institutional Investors Weigh In On Dutch Bros

Institutional investors and hedge funds have recently modified their holdings of the stock. Susquehanna Fundamental Investments LLC bought a new stake in shares of Dutch Bros during the first quarter valued at approximately $4,430,000. Janney Montgomery Scott LLC raised its position in shares of Dutch Bros by 96.4% during the first quarter. Janney Montgomery Scott LLC now owns 27,295 shares of the company’s stock valued at $901,000 after buying an additional 13,395 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Dutch Bros during the first quarter valued at approximately $200,000. 1832 Asset Management L.P. bought a new stake in shares of Dutch Bros during the second quarter valued at approximately $4,339,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Dutch Bros during the first quarter valued at approximately $2,072,000. Institutional investors own 85.54% of the company’s stock.

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.