Dutch Bros (NYSE:BROS) Chairman Travis Boersma Sells 962,828 Shares of Stock

Dutch Bros Inc. (NYSE:BROS – Get Free Report) Chairman Travis Boersma sold 962,828 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $44.55, for a total value of $42,893,987.40. Following the transaction, the chairman directly owned 1,862,924 shares in the company, valued at approximately $82,993,264.20. This trade represents a 34.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 Wednesday, November 4th, Travis Boersma sold 1,032,216 shares of Dutch Bros stock. The shares were sold at an average price of $44.73, for a total value of $46,171,021.68.
  • On Tuesday, November 3rd, Travis Boersma sold 393,768 shares of Dutch Bros stock. The shares were sold at an average price of $44.06, for a total transaction of $17,349,418.08.
  • On Friday, October 30th, Travis Boersma sold 57,478 shares of Dutch Bros stock. The stock was sold at an average price of $44.09, for a total transaction of $2,534,205.02.
  • On Thursday, October 29th, Travis Boersma sold 408,023 shares of Dutch Bros stock. The stock was sold at an average price of $44.03, for a total value of $17,965,252.69.
  • On Tuesday, October 20th, Travis Boersma sold 145,687 shares of Dutch Bros stock. The stock was sold at an average price of $44.01, for a total value of $6,411,684.87.

Dutch Bros Stock Up 0.7%

Shares of NYSE:BROS opened at $43.90 on Thursday. The company has a market cap of $7.67 billion, a price-to-earnings ratio of 60.97, 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. The firm has a fifty day moving average price of $42.11 and a two-hundred day moving average price of $53.16. Dutch Bros Inc. has a one year low of $36.51 and a one year high of $74.02.

Dutch Bros (NYSE:BROS – Get Free Report) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The business had revenue of $549.84 million for 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% on a year-over-year basis. During the same period last year, the business earned $0.19 earnings per share. Analysts anticipate that Dutch Bros Inc. will post 0.88 EPS for the current fiscal year.

Institutional Investors Weigh In On Dutch Bros

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BROS. Wellington Management Group LLP raised its position in shares of Dutch Bros by 38.0% in the second 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. Danica Pension Livsforsikringsaktieselskab acquired a new position in shares of Dutch Bros during the 1st quarter valued at about $33,569,000. Hyperion Asset Management Ltd increased its position in shares of Dutch Bros by 104.4% during the 3rd quarter. Hyperion Asset Management Ltd now owns 1,222,532 shares of the company’s stock worth $47,141,000 after purchasing an additional 624,488 shares during the last quarter. Bank of America Corp DE lifted its stake in Dutch Bros by 33.4% during the 1st quarter. Bank of America Corp DE now owns 1,814,815 shares of the company’s stock worth $91,939,000 after acquiring an additional 454,036 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 acquiring an additional 384,011 shares in the last quarter. 85.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BROS has been the subject of several research reports. UBS Group decreased their price objective on shares of Dutch Bros from $85.00 to $75.00 and set a “buy” rating for the company in a report on Monday, October 26th. Oppenheimer reiterated a “positive” rating on shares of Dutch Bros in a research note on Wednesday, September 30th. Raymond James Financial set a $59.00 price objective on shares of Dutch Bros in a report on Friday, September 18th. Royal Bank Of Canada downgraded Dutch Bros from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $70.00 to $46.00 in a research report on Thursday, October 22nd. Finally, Seaport Research Partners began coverage on shares of Dutch Bros in a research note on Wednesday, September 16th. They set a “buy” rating and a $50.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $66.08.

Check Out Our Latest Research Report on Dutch Bros

Dutch Bros News Summary

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

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.

Recommended Stories

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

Receive News & Ratings for Dutch Bros Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dutch Bros and related companies with MarketBeat.com's FREE daily email newsletter.