Dutch Bros Inc. (NYSE:BROS) Chairman Sells $35,808,113.38 in Stock

Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma sold 471,718 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $75.91, for a total value of $35,808,113.38. Following the transaction, the chairman now owns 2,310,834 shares in the company, valued at $175,415,408.94. This trade represents a 16.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 transaction 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 Stock Up 1.3 %

BROS opened at $76.42 on Friday. The stock’s fifty day moving average is $63.14 and its 200-day moving average is $47.31. Dutch Bros Inc. has a one year low of $26.85 and a one year high of $86.88. The company has a market capitalization of $11.78 billion, a PE ratio of 224.76, a P/E/G ratio of 4.23 and a beta of 2.73. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.76.

Analysts Set New Price Targets

BROS has been the topic of several recent research reports. Bank of America raised their price target on Dutch Bros from $61.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Wedbush boosted 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. Robert W. Baird increased their price objective on shares of Dutch Bros from $70.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. William Blair reissued an “outperform” rating on shares of Dutch Bros in a research note on Tuesday, December 17th. Finally, UBS Group raised their price target on shares of Dutch Bros from $67.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. One analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $74.83.

Institutional Investors Weigh In On Dutch Bros

A number of institutional investors and hedge funds have recently bought and sold shares of the business. R Squared Ltd acquired a new position in shares of Dutch Bros in the 4th quarter worth approximately $25,000. Coppell Advisory Solutions LLC grew its position in Dutch Bros by 638.6% in the fourth quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company’s stock worth $27,000 after buying 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 buying an additional 314 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Dutch Bros during the 3rd quarter valued at $36,000. Finally, Fortitude Family Office LLC bought a new stake in shares of Dutch Bros during the 4th quarter worth $41,000. 85.54% of the stock is owned by institutional investors and hedge funds.

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.