Dutch Bros (NYSE:BROS) Stock: Insider Dm Individual Aggregator, Llc Sells 359,284 Shares

Dutch Bros Inc. (NYSE:BROS – Get Free Report) major shareholder Dm Individual Aggregator, Llc sold 359,284 shares of the company’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $44.73, for a total value of $16,070,773.32. Following the sale, the insider directly owned 1,366,580 shares of the company’s stock, valued at $61,127,123.40. The trade was a 20.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Tuesday, November 3rd, Dm Individual Aggregator, Llc sold 137,060 shares of Dutch Bros stock. The shares were sold at an average price of $44.06, for a total value of $6,038,863.60.
  • On Monday, November 2nd, Dm Individual Aggregator, Llc sold 335,136 shares of Dutch Bros stock. The shares were sold at an average price of $44.55, for a total transaction of $14,930,308.80.
  • On Friday, October 30th, Dm Individual Aggregator, Llc sold 20,008 shares of Dutch Bros stock. The shares were sold at an average price of $44.09, for a total transaction of $882,152.72.
  • On Thursday, October 29th, Dm Individual Aggregator, Llc sold 142,023 shares of Dutch Bros stock. The stock was sold at an average price of $44.03, for a total transaction of $6,253,272.69.
  • On Tuesday, October 20th, Dm Individual Aggregator, Llc sold 50,709 shares of Dutch Bros stock. The stock was sold at an average price of $44.01, for a total transaction of $2,231,703.09.

Dutch Bros Stock Performance

NYSE:BROS traded up $0.32 during midday trading on Wednesday, reaching $43.90. The stock had a trading volume of 9,753,712 shares, compared to its average volume of 4,395,353. The stock has a market capitalization of $7.67 billion, a P/E ratio of 62.26, a PEG ratio of 1.36 and a beta of 1.97. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.35 and a quick ratio of 1.19. Dutch Bros Inc. has a 1-year low of $36.51 and a 1-year high of $74.02. The firm’s fifty day simple moving average is $42.11 and its 200-day simple moving average is $53.16.

Dutch Bros (NYSE:BROS – Get Free Report) last released its quarterly earnings results on Wednesday, November 4th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $549.84 million during the quarter, compared to analysts’ expectations of $548.27 million. Dutch Bros had a net margin of 4.91% and a return on equity of 10.01%. The business’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.19 earnings per share. On average, equities research analysts forecast that Dutch Bros Inc. will post 0.88 EPS for the current fiscal year.

More Dutch Bros News

Here are the key news stories impacting Dutch Bros this week:

Wall Street Analysts Forecast Growth

BROS has been the topic of a number of research analyst reports. Wells Fargo & Company lowered their target price on Dutch Bros from $70.00 to $55.00 and set an “overweight” rating on the stock in a report on Wednesday, October 21st. DA Davidson cut their price target on Dutch Bros from $85.00 to $60.00 and set a “buy” rating for the company in a report on Monday, September 28th. Stephens reduced their price objective on Dutch Bros from $80.00 to $65.00 and set an “overweight” rating for the company in a research report on Thursday, October 15th. Melius Research lowered their price objective on shares of Dutch Bros from $95.00 to $70.00 and set a “buy” rating on the stock in a research note on Friday, September 18th. Finally, Oppenheimer restated a “positive” rating on shares of Dutch Bros in a research note on Wednesday, September 30th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Dutch Bros presently has an average rating of “Moderate Buy” and an average price target of $66.08.

Check Out Our Latest Report on Dutch Bros

Hedge Funds Weigh In On Dutch Bros

Large investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its position in shares of Dutch Bros by 38.0% in the 2nd quarter. Wellington Management Group LLP now owns 3,090,882 shares of the company’s stock worth $221,956,000 after acquiring an additional 851,075 shares during the period. Bank of America Corp DE increased its position in shares of Dutch Bros by 33.4% during the first quarter. Bank of America Corp DE now owns 1,814,815 shares of the company’s stock valued at $91,939,000 after purchasing an additional 454,036 shares during the period. Wasatch Advisors LP increased its position in shares of Dutch Bros by 17.8% during the second quarter. Wasatch Advisors LP now owns 1,038,903 shares of the company’s stock valued at $74,604,000 after purchasing an additional 157,098 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Dutch Bros by 3.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,204,326 shares of the company’s stock valued at $60,994,000 after purchasing an additional 37,683 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Dutch Bros by 58.1% in the first quarter. Bank of New York Mellon Corp now owns 1,044,545 shares of the company’s stock valued at $52,917,000 after purchasing an additional 384,011 shares in the last quarter. Institutional investors and hedge funds own 85.54% of the company’s stock.

Dutch Bros Company Profile

(Get Free Report)

Dutch Bros Inc is a drive-thru beverage company that operates and franchises coffee shops across the United States. The company is known for its made-to-order drinks, fast service and community-focused brand.

Its menu includes hot, iced and blended coffee beverages, along with specialty drinks such as energy drinks, teas, lemonades, smoothies and other noncoffee refreshments. Dutch Bros also offers packaged products and branded merchandise through select locations and digital channels.

Dutch Bros was founded in 1992 in Grants Pass, Oregon, by brothers Dane and Travis Boersma.

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Insider Buying and Selling by Quarter for Dutch Bros (NYSE:BROS)

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