Insider Selling: Dutch Bros Inc. (NYSE:BROS) Chairman Sells 80,720 Shares of Stock

Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma sold 80,720 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $36.03, for a total transaction of $2,908,341.60. Following the completion of the transaction, the chairman now owns 125,671 shares of the company’s stock, valued at approximately $4,527,926.13. The trade was a 0.00 % 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, September 16th, Travis Boersma sold 18,223 shares of Dutch Bros stock. The shares were sold at an average price of $34.13, for a total value of $621,950.99.
• On Thursday, September 12th, Travis Boersma sold 9,610 shares of Dutch Bros stock. The stock was 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 shares were sold at an average price of $32.36, for a total value 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 Performance

Shares of BROS stock traded down $0.80 during trading hours on Tuesday, reaching $35.10. 1,777,841 shares of the company traded hands, compared to its average volume of 2,694,716. The firm has a 50-day moving average price of $32.91 and a 200 day moving average price of $34.81. The company has a market cap of $6.22 billion, a P/E ratio of 196.39, a P/E/G ratio of 2.55 and a beta of 2.49. Dutch Bros Inc. has a 12-month low of $23.31 and a 12-month high of $43.49. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.19 and a quick ratio of 1.88.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.06. The business had revenue of $324.92 million for the quarter, compared to the consensus estimate of $317.39 million. Dutch Bros had a net margin of 1.95% and a return on equity of 3.99%. The company’s revenue for the quarter was up 30.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.07 earnings per share. As a group, sell-side analysts predict that Dutch Bros Inc. will post 0.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on BROS shares. Robert W. Baird cut their target price on shares of Dutch Bros from $42.00 to $37.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. 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 research report on Friday, August 9th. Stifel Nicolaus dropped their target price on Dutch Bros from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Wedbush restated an “outperform” rating and set a $45.00 price target on shares of Dutch Bros in a research note on Monday, October 14th. Finally, Piper Sandler cut shares of Dutch Bros from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $41.00 to $36.00 in a research note on Monday, August 19th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Dutch Bros currently has an average rating of “Moderate Buy” and an average price target of $40.20.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Creative Planning boosted its stake in Dutch Bros by 5.6% in the 2nd quarter. Creative Planning now owns 7,673 shares of the company’s stock worth $318,000 after purchasing an additional 405 shares during the period. Jamison Private Wealth Management Inc. boosted its position in shares of Dutch Bros by 150.2% during the third quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock worth $27,000 after acquiring an additional 500 shares during the last quarter. Keudell Morrison Wealth Management grew its stake in Dutch Bros by 5.2% during the second quarter. Keudell Morrison Wealth Management now owns 10,546 shares of the company’s stock valued at $437,000 after acquiring an additional 524 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in Dutch Bros by 8.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 6,844 shares of the company’s stock valued at $219,000 after acquiring an additional 544 shares during the last quarter. Finally, Arcadia Investment Management Corp MI purchased a new stake in Dutch Bros in the 2nd quarter worth $27,000. Institutional investors own 85.54% of the company’s stock.

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.