Travis Boersma Sells 447,299 Shares of Dutch Bros (NYSE:BROS) Stock

Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma sold 447,299 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $58.26, for a total value of $26,059,639.74. Following the completion of the sale, the chairman directly owned 2,932,909 shares in the company, valued at $170,871,278.34. This represents a 13.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Travis Boersma also recently made the following trade(s):

• On Friday, May 29th, Travis Boersma sold 302,700 shares of Dutch Bros stock. The shares were sold at an average price of $58.27, for a total value of $17,638,329.00.
• On Thursday, May 28th, Travis Boersma sold 205,127 shares of Dutch Bros stock. The shares were sold at an average price of $56.16, for a total value of $11,519,932.32.
• On Wednesday, May 27th, Travis Boersma sold 544,872 shares of Dutch Bros stock. The shares were sold at an average price of $56.21, for a total value of $30,627,255.12.

Dutch Bros Stock Down 1.6%

BROS stock traded down $0.97 during mid-day trading on Tuesday, reaching $57.94. The company had a trading volume of 2,953,495 shares, compared to its average volume of 4,484,655. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.19 and a current ratio of 1.33. The company has a market capitalization of $10.12 billion, a price-to-earnings ratio of 91.40, a price-to-earnings-growth ratio of 1.88 and a beta of 2.36. The firm has a fifty day simple moving average of $53.26 and a 200 day simple moving average of $55.70. Dutch Bros Inc. has a fifty-two week low of $44.58 and a fifty-two week high of $77.88.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. The company had revenue of $464.41 million for the quarter, compared to analyst estimates of $449.70 million. Dutch Bros had a return on equity of 9.42% and a net margin of 4.61%.Dutch Bros’s revenue for the quarter was up 30.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.14 EPS. Analysts forecast that Dutch Bros Inc. will post 0.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BROS has been the topic of a number of analyst reports. Barclays reduced their price target on Dutch Bros from $76.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, May 7th. Morgan Stanley reissued an “overweight” rating and set a $87.00 target price on shares of Dutch Bros in a research report on Thursday, May 7th. Piper Sandler raised their target price on Dutch Bros from $59.00 to $61.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Royal Bank Of Canada reissued an “outperform” rating on shares of Dutch Bros in a research report on Wednesday, May 20th. Finally, KeyCorp lifted their price target on Dutch Bros from $77.00 to $79.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $76.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of BROS. Marshall Wace LLP boosted its stake in shares of Dutch Bros by 15.1% in the fourth quarter. Marshall Wace LLP now owns 3,098,288 shares of the company’s stock valued at $189,677,000 after buying an additional 407,528 shares in the last quarter. Ninety One UK Ltd boosted its stake in shares of Dutch Bros by 1.5% in the fourth quarter. Ninety One UK Ltd now owns 2,625,483 shares of the company’s stock valued at $160,732,000 after buying an additional 39,781 shares in the last quarter. Invesco Ltd. boosted its position in Dutch Bros by 4.0% during the third quarter. Invesco Ltd. now owns 2,426,657 shares of the company’s stock worth $127,011,000 after purchasing an additional 93,515 shares in the last quarter. Geode Capital Management LLC boosted its position in Dutch Bros by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 2,265,083 shares of the company’s stock worth $138,699,000 after purchasing an additional 39,349 shares in the last quarter. Finally, State Street Corp boosted its position in Dutch Bros by 1.8% during the fourth quarter. State Street Corp now owns 2,020,112 shares of the company’s stock worth $123,671,000 after purchasing an additional 35,854 shares in the last quarter. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

About Dutch Bros

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.