Dutch Bros Inc. (NYSE:BROS) Chairman Sells $58,728,979.23 in Stock

Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma sold 755,551 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $77.73, for a total value of $58,728,979.23. Following the completion of the sale, the chairman now directly owns 2,903,316 shares of the company’s stock, valued at approximately $225,674,752.68. This trade represents a 20.65 % decrease in their position. The transaction 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 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.

Dutch Bros Stock Down 3.0 %

BROS stock opened at $73.05 on Wednesday. Dutch Bros Inc. has a fifty-two week low of $26.85 and a fifty-two week high of $86.88. The company has a market capitalization of $11.26 billion, a price-to-earnings ratio of 214.85, a price-to-earnings-growth ratio of 4.23 and a beta of 2.73. The business’s 50 day moving average price is $62.66 and its two-hundred day moving average price is $47.11. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.76.

Wall Street Analyst Weigh In

Several brokerages have weighed in on BROS. UBS Group boosted their price objective on Dutch Bros from $67.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Wedbush upped their price target on shares of Dutch Bros from $65.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. William Blair reissued an “outperform” rating on shares of Dutch Bros in a report on Tuesday, December 17th. Jefferies Financial Group upped their price objective on shares of Dutch Bros from $60.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Finally, Baird R W upgraded shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Dutch Bros presently has an average rating of “Buy” and an average target price of $74.83.

Institutional Investors Weigh In On Dutch Bros

Hedge funds have recently made changes to their positions in the company. R Squared Ltd purchased a new position in Dutch Bros during the fourth quarter valued at $25,000. Coppell Advisory Solutions LLC increased its stake in shares of Dutch Bros by 638.6% in the 4th quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company’s stock worth $27,000 after acquiring an additional 447 shares in the last quarter. Fortitude Family Office LLC purchased a new position in Dutch Bros during the 4th quarter valued at about $41,000. Bernard Wealth Management Corp. purchased a new position in Dutch Bros during the 4th quarter valued at about $43,000. Finally, Gould Capital LLC boosted its stake in Dutch Bros by 20.4% during the fourth quarter. Gould Capital LLC now owns 826 shares of the company’s stock worth $43,000 after acquiring an additional 140 shares in the last quarter. 85.54% of the stock is currently owned by institutional investors.

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.