Dutch Bros Inc. (NYSE:BROS) Major Shareholder Dm Individual Aggregator, Llc Sells 107,307 Shares

Dutch Bros Inc. (NYSE:BROS) major shareholder Dm Individual Aggregator, Llc sold 107,307 shares of Dutch Bros stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $36.26, for a total value of $3,890,951.82. Following the completion of the sale, the insider now directly owns 650,995 shares of the company’s stock, valued at approximately $23,605,078.70. The transaction was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Dm Individual Aggregator, Llc also recently made the following trade(s):

• On Wednesday, March 13th, Dm Individual Aggregator, Llc sold 102,292 shares of Dutch Bros stock. The shares were sold at an average price of $34.28, for a total value of $3,506,569.76.

Dutch Bros Stock Performance

Shares of NYSE:BROS traded down $0.16 during midday trading on Friday, reaching $34.10. 1,589,520 shares of the company’s stock traded hands, compared to its average volume of 3,287,779. Dutch Bros Inc. has a one year low of $22.67 and a one year high of $38.41. The stock has a 50 day moving average of $32.32 and a 200 day moving average of $30.03. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.98 and a current ratio of 2.29. The company has a market cap of $6.04 billion, a price-to-earnings ratio of 189.40, a P/E/G ratio of 5.20 and a beta of 2.43.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings results on Wednesday, February 21st. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. Dutch Bros had a return on equity of 1.99% and a net margin of 1.21%. The firm had revenue of $254.12 million during the quarter, compared to analyst estimates of $254.80 million. As a group, equities research analysts anticipate that Dutch Bros Inc. will post 0.29 EPS for the current fiscal year.

Institutional Investors Weigh In On Dutch Bros

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC increased its position in shares of Dutch Bros by 42.9% during the third quarter. FMR LLC now owns 8,581,751 shares of the company’s stock worth $199,526,000 after purchasing an additional 2,578,145 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Dutch Bros by 35.0% during the 1st quarter. Vanguard Group Inc. now owns 6,412,246 shares of the company’s stock worth $211,604,000 after buying an additional 1,661,778 shares during the last quarter. Joho Capital LLC increased its holdings in Dutch Bros by 428.9% in the 1st quarter. Joho Capital LLC now owns 1,364,514 shares of the company’s stock valued at $45,029,000 after purchasing an additional 1,106,511 shares in the last quarter. Wasatch Advisors LP bought a new position in shares of Dutch Bros during the first quarter worth about $41,988,000. Finally, American Century Companies Inc. raised its stake in Dutch Bros by 191.7% during the third quarter. American Century Companies Inc. now owns 1,177,148 shares of the company’s stock worth $27,369,000 after acquiring an additional 773,616 shares during the period. Institutional investors and hedge funds own 85.54% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Guggenheim reaffirmed a “neutral” rating and set a $30.00 price objective on shares of Dutch Bros in a research report on Friday, April 5th. TD Cowen raised shares of Dutch Bros from a “hold” rating to a “buy” rating and raised their price objective for the stock from $33.00 to $46.00 in a report on Friday, May 10th. Stifel Nicolaus restated a “buy” rating and set a $40.00 price target on shares of Dutch Bros in a research report on Wednesday, April 3rd. William Blair reaffirmed an “outperform” rating on shares of Dutch Bros in a research report on Thursday, February 22nd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Dutch Bros from $34.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 19th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Dutch Bros has an average rating of “Moderate Buy” and an average target price of $37.33.

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.