Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma Sells 9,610 Shares of Stock

Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma sold 9,610 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $34.01, for a total value of $326,836.10. Following the completion of the transaction, the chairman now owns 317,167 shares in the company, valued at approximately $10,786,849.67. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

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

Dutch Bros Price Performance

Shares of BROS opened at $33.90 on Tuesday. The firm has a 50-day simple moving average of $34.79 and a two-hundred day simple moving average of $34.61. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.19 and a quick ratio of 1.88. Dutch Bros Inc. has a 1-year low of $22.67 and a 1-year high of $43.49. The stock has a market cap of $6.01 billion, a PE ratio of 188.33, a P/E/G ratio of 2.70 and a beta of 2.49.

Dutch Bros (NYSE:BROS) last announced its earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. Dutch Bros had a return on equity of 3.99% and a net margin of 1.95%. The company had revenue of $324.92 million for the quarter, compared to analyst estimates of $317.39 million. During the same quarter in the previous year, the company earned $0.07 earnings per share. The firm’s quarterly revenue was up 30.0% compared to the same quarter last year. As a group, analysts forecast that Dutch Bros Inc. will post 0.32 EPS for the current year.

Hedge Funds Weigh In On Dutch Bros

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

Analyst Ratings Changes

BROS has been the topic of a number of recent research reports. Guggenheim raised Dutch Bros from a “neutral” rating to a “buy” rating in a research note on Thursday, August 8th. Bank of America boosted their price target on shares of Dutch Bros from $44.00 to $49.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Stifel Nicolaus cut their price objective on shares of Dutch Bros from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Robert W. Baird reduced their target price on shares of Dutch Bros from $42.00 to $37.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Finally, JPMorgan Chase & Co. increased their price target on shares of Dutch Bros from $40.00 to $44.00 and gave the company an “overweight” rating in a research note on Monday, June 3rd. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $39.73.

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.