Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma Sells 18,223 Shares of Stock

Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma sold 18,223 shares of Dutch Bros stock in a transaction on Monday, September 16th. The shares were sold at an average price of $34.13, for a total value of $621,950.99. Following the transaction, the chairman now owns 263,954 shares of the company’s stock, valued at approximately $9,008,750.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 value of $326,836.10.
• On Monday, September 9th, Travis Boersma sold 280,518 shares of Dutch Bros stock. The stock was 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 stock was 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 Stock Up 2.2 %

Shares of BROS stock opened at $34.70 on Wednesday. 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 Inc. has a 12 month low of $22.67 and a 12 month high of $43.49. The stock has a market cap of $6.15 billion, a P/E ratio of 192.78, a P/E/G ratio of 2.70 and a beta of 2.49. The company has a 50 day simple moving average of $34.66 and a two-hundred day simple moving average of $34.64.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.13 by $0.06. The firm had revenue of $324.92 million during the quarter, compared to analyst estimates of $317.39 million. Dutch Bros had a return on equity of 3.99% and a net margin of 1.95%. Dutch Bros’s revenue was up 30.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.07 EPS. On average, research analysts expect that Dutch Bros Inc. will post 0.32 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on BROS shares. Piper Sandler downgraded Dutch Bros from an “overweight” rating to a “neutral” rating and cut their target price for the company from $41.00 to $36.00 in a research note on Monday, August 19th. Barclays reduced their price objective on Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. Wedbush reissued an “outperform” rating and issued a $45.00 target price on shares of Dutch Bros in a research report on Thursday, August 8th. Guggenheim raised shares of Dutch Bros from a “neutral” rating to a “buy” rating in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Dutch Bros from $40.00 to $44.00 and gave the company an “overweight” rating in a report on Monday, June 3rd. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Dutch Bros has an average rating of “Moderate Buy” and a consensus target price of $39.73.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BROS. Arcadia Investment Management Corp MI purchased a new stake in Dutch Bros in the 2nd quarter worth approximately $27,000. Quest Partners LLC boosted its position in shares of Dutch Bros by 3,321.7% in the second quarter. Quest Partners LLC now owns 787 shares of the company’s stock worth $33,000 after purchasing an additional 764 shares during the period. Transcendent Capital Group LLC purchased a new stake in shares of Dutch Bros in the first quarter worth $26,000. Abound Wealth Management bought a new stake in shares of Dutch Bros during the 2nd quarter valued at $39,000. Finally, Quarry LP purchased a new position in shares of Dutch Bros during the 2nd quarter valued at $43,000. Institutional investors own 85.54% of the company’s stock.

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.