Dutch Bros Inc. (NYSE:BROS) Chairman Sells $50,843,300.92 in Stock

Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma sold 679,996 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $74.77, for a total value of $50,843,300.92. Following the completion of the transaction, the chairman now directly owns 2,640,779 shares of the company’s stock, valued at approximately $197,451,045.83. This trade represents a 20.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Wednesday, February 26th, Travis Boersma sold 471,718 shares of Dutch Bros stock. The shares were sold at an average price of $75.91, for a total transaction of $35,808,113.38.
• 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 transaction of $58,728,979.23.

Dutch Bros Stock Up 1.3 %

Shares of NYSE BROS opened at $76.42 on Friday. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. The company has a market cap of $11.78 billion, a price-to-earnings ratio of 224.76, a price-to-earnings-growth ratio of 4.23 and a beta of 2.73. Dutch Bros Inc. has a 12-month low of $26.85 and a 12-month high of $86.88. The firm’s 50-day simple moving average is $63.14 and its 200 day simple moving average is $47.31.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on BROS shares. TD Cowen increased their price target on shares of Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. increased their target price on Dutch Bros from $58.00 to $80.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Jefferies Financial Group boosted their price target on Dutch Bros from $60.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Bank of America increased their price objective on Dutch Bros from $61.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Finally, Baird R W upgraded shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. One investment analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $74.83.

Hedge Funds Weigh In On Dutch Bros

Large investors have recently modified their holdings of the stock. Baillie Gifford & Co. acquired a new stake in shares of Dutch Bros in the third quarter valued at approximately $224,461,000. FIL Ltd acquired a new stake in shares of Dutch Bros in the 4th quarter valued at $176,298,000. FMR LLC increased its stake in shares of Dutch Bros by 98.1% in the 4th quarter. FMR LLC now owns 6,516,479 shares of the company’s stock valued at $341,333,000 after buying an additional 3,227,435 shares during the period. Wasatch Advisors LP raised its position in shares of Dutch Bros by 232.1% during the third quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock worth $132,229,000 after acquiring an additional 2,885,306 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Dutch Bros during the fourth quarter valued at $94,478,000. 85.54% of the stock is currently owned by institutional investors and hedge funds.

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.