Insider Selling: Dutch Bros Inc. (NYSE:BROS) Major Shareholder Sells 291,707 Shares of Stock

Dutch Bros Inc. (NYSE:BROS) major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $77.73, for a total value of $22,674,385.11. Following the completion of the sale, the insider now owns 2,903,316 shares in the company, valued at $225,674,752.68. The trade was a 9.13 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Monday, February 24th, Dm Individual Aggregator, Llc sold 262,537 shares of Dutch Bros stock. The stock was sold at an average price of $74.77, for a total value of $19,629,891.49.

Dutch Bros Price Performance

Shares of Dutch Bros stock opened at $75.43 on Thursday. The business has a 50 day simple moving average of $63.14 and a two-hundred day simple moving average of $47.31. Dutch Bros Inc. has a 12 month low of $26.85 and a 12 month high of $86.88. The stock has a market capitalization of $11.63 billion, a P/E ratio of 221.87, a PEG ratio of 4.23 and a beta of 2.73. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.76 and a quick ratio of 1.58.

Hedge Funds Weigh In On Dutch Bros

A number of hedge funds have recently made changes to their positions in the company. R Squared Ltd acquired a new stake in shares of Dutch Bros in the fourth quarter valued at approximately $25,000. Coppell Advisory Solutions LLC increased its holdings in shares of Dutch Bros by 638.6% in the fourth quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company’s stock valued at $27,000 after purchasing an additional 447 shares during the last quarter. Hollencrest Capital Management increased its holdings in shares of Dutch Bros by 52.3% in the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock valued at $29,000 after purchasing an additional 314 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Dutch Bros in the third quarter valued at approximately $36,000. Finally, Fortitude Family Office LLC acquired a new stake in shares of Dutch Bros in the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds own 85.54% of the company’s stock.

Wall Street Analyst Weigh In

BROS has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on Dutch Bros from $58.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Wedbush increased their price target on Dutch Bros from $65.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Stifel Nicolaus increased their price target on Dutch Bros from $62.00 to $74.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Robert W. Baird increased their price target on Dutch Bros from $70.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Finally, UBS Group increased their price target on Dutch Bros from $67.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. One analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Dutch Bros presently has an average rating of “Buy” and an average price target of $74.83.

Dutch Bros Company Profile

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.