Dutch Bros Inc. (NYSE:BROS – Get Free Report) 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.
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.
Get Our Latest Analysis on BROS
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.
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