Travis Boersma Sells 18,223 Shares of Dutch Bros Inc. (NYSE:BROS) Stock

Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma sold 18,223 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $34.13, for a total transaction of $621,950.99. Following the completion of the sale, the chairman now directly owns 263,954 shares in the company, valued at $9,008,750.02. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Thursday, September 12th, Travis Boersma sold 9,610 shares of Dutch Bros stock. The shares were sold at an average price of $34.01, for a total value of $326,836.10.
• On Monday, September 9th, Travis Boersma sold 280,518 shares of Dutch Bros stock. The stock was sold at an average price of $32.36, for a total value of $9,077,562.48.
• On Thursday, September 5th, Travis Boersma sold 3,600 shares of Dutch Bros stock. The stock was sold at an average price of $32.00, for a total value of $115,200.00.
• On Friday, August 23rd, Travis Boersma sold 800 shares of Dutch Bros stock. The shares were sold at an average price of $32.00, for a total value of $25,600.00.
• On Monday, August 19th, Travis Boersma sold 426,891 shares of Dutch Bros stock. The stock was sold at an average price of $31.59, for a total transaction of $13,485,486.69.

Dutch Bros Trading Down 0.4 %

NYSE BROS opened at $34.56 on Thursday. The company has a quick ratio of 1.88, a current ratio of 2.19 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $6.12 billion, a P/E ratio of 192.00, a P/E/G ratio of 2.70 and a beta of 2.49. Dutch Bros Inc. has a 52-week low of $22.67 and a 52-week high of $43.49. The firm has a 50-day moving average price of $34.56 and a 200 day moving average price of $34.64.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.13 by $0.06. Dutch Bros had a return on equity of 3.99% and a net margin of 1.95%. The business had revenue of $324.92 million during the quarter, compared to analysts’ expectations of $317.39 million. During the same period last year, the firm earned $0.07 EPS. The company’s quarterly revenue was up 30.0% compared to the same quarter last year. Equities research analysts expect that Dutch Bros Inc. will post 0.32 EPS for the current year.

Wall Street Analysts Forecast Growth

BROS has been the topic of several research analyst reports. Stifel Nicolaus cut their price target on shares of Dutch Bros from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. JPMorgan Chase & Co. boosted their target price on Dutch Bros from $40.00 to $44.00 and gave the company an “overweight” rating in a report on Monday, June 3rd. UBS Group upgraded Dutch Bros from a “neutral” rating to a “buy” rating and set a $39.00 price target on the stock in a research note on Thursday, August 15th. Guggenheim upgraded Dutch Bros from a “neutral” rating to a “buy” rating in a research note on Thursday, August 8th. Finally, Barclays cut their target price on shares of Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $39.73.

Institutional Investors Weigh In On Dutch Bros

Several institutional investors have recently made changes to their positions in BROS. Transcendent Capital Group LLC acquired a new stake in shares of Dutch Bros in the first quarter valued at about $26,000. Arcadia Investment Management Corp MI purchased a new stake in shares of Dutch Bros during the 2nd quarter worth approximately $27,000. Quest Partners LLC grew its holdings in shares of Dutch Bros by 3,321.7% in the 2nd quarter. Quest Partners LLC now owns 787 shares of the company’s stock worth $33,000 after acquiring an additional 764 shares during the period. Abound Wealth Management purchased a new position in Dutch Bros in the 2nd quarter valued at approximately $39,000. Finally, Quarry LP acquired a new position in Dutch Bros during the second quarter worth $43,000. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Dutch Bros Company Profile

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.