Christine Barone Sells 42,031 Shares of Dutch Bros (NYSE:BROS) Stock

Dutch Bros Inc. (NYSE:BROS) CEO Christine Barone sold 42,031 shares of the stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $60.13, for a total transaction of $2,527,324.03. Following the completion of the sale, the chief executive officer directly owned 44,573 shares in the company, valued at $2,680,174.49. This trade represents a 48.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Dutch Bros Trading Up 7.9%

Dutch Bros stock traded up $4.75 during midday trading on Thursday, reaching $65.03. The stock had a trading volume of 5,947,968 shares, compared to its average volume of 3,305,292. The company has a fifty day moving average of $54.57 and a 200 day moving average of $55.99. The company has a quick ratio of 1.19, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. The firm has a market cap of $11.36 billion, a price-to-earnings ratio of 92.74, a price-to-earnings-growth ratio of 1.95 and a beta of 2.36. Dutch Bros Inc. has a 52-week low of $44.58 and a 52-week high of $74.65.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. The company had revenue of $464.41 million for the quarter, compared to the consensus estimate of $449.70 million. Dutch Bros had a net margin of 4.61% and a return on equity of 9.42%. The firm’s revenue was up 30.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.14 EPS. On average, analysts anticipate that Dutch Bros Inc. will post 0.84 earnings per share for the current fiscal year.

Analyst Ratings Changes

BROS has been the topic of several recent analyst reports. Telsey Advisory Group initiated coverage on shares of Dutch Bros in a research note on Wednesday, April 8th. They issued an “outperform” rating and a $66.00 price target on the stock. UBS Group restated a “buy” rating on shares of Dutch Bros in a report on Wednesday, May 20th. Weiss Ratings restated a “hold (c)” rating on shares of Dutch Bros in a report on Monday, April 20th. Wolfe Research began coverage on Dutch Bros in a report on Monday, March 9th. They issued an “outperform” rating and a $77.00 price objective for the company. Finally, Morgan Stanley restated an “overweight” rating and issued a $87.00 price objective on shares of Dutch Bros in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Dutch Bros has an average rating of “Moderate Buy” and a consensus price target of $76.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in BROS. Envestnet Asset Management Inc. grew its holdings in shares of Dutch Bros by 56.5% during the third quarter. Envestnet Asset Management Inc. now owns 109,530 shares of the company’s stock valued at $5,733,000 after buying an additional 39,561 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Dutch Bros by 31.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 204,705 shares of the company’s stock valued at $10,714,000 after acquiring an additional 49,194 shares during the last quarter. Thornburg Investment Management Inc. boosted its holdings in shares of Dutch Bros by 143.9% in the 3rd quarter. Thornburg Investment Management Inc. now owns 77,711 shares of the company’s stock valued at $4,067,000 after acquiring an additional 45,847 shares during the last quarter. Magnetar Financial LLC boosted its holdings in shares of Dutch Bros by 107.2% in the 3rd quarter. Magnetar Financial LLC now owns 140,590 shares of the company’s stock valued at $7,358,000 after acquiring an additional 72,751 shares during the last quarter. Finally, M&T Bank Corp boosted its holdings in shares of Dutch Bros by 1,559.3% in the 4th quarter. M&T Bank Corp now owns 97,334 shares of the company’s stock valued at $5,959,000 after acquiring an additional 91,468 shares during the last quarter. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Dutch Bros Company Profile

Dutch Bros Coffee, trading on the NYSE under the ticker BROS, is an American drive-through coffee chain known for its quick-service model and community-focused brand. Founded in 1992 by brothers Dane and Travis Boersma in Grants Pass, Oregon, the company began as a single coffee stand and has since expanded its footprint across numerous U.S. markets. Dutch Bros specializes in handcrafted espresso drinks, drip coffee, cold brew, energy drinks, smoothies, teas, and a variety of signature “Dutch Freeze” and “Dutch Frost” blended beverages.

The company operates a mix of company-owned and franchised locations, placing a strong emphasis on speed and customer engagement.