Insider Selling: Dutch Bros Inc. (NYSE:BROS) Chairman Sells $1,283,589.72 in Stock

Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma sold 38,339 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $33.48, for a total value of $1,283,589.72. Following the transaction, the chairman now directly owns 15,610 shares of the company’s stock, valued at approximately $522,622.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Friday, November 1st, Travis Boersma sold 285,462 shares of Dutch Bros stock. The shares were sold at an average price of $33.38, for a total transaction of $9,528,721.56.
• On Monday, October 28th, Travis Boersma sold 80,720 shares of Dutch Bros stock. The shares were sold at an average price of $36.03, for a total transaction of $2,908,341.60.
• On Monday, September 16th, Travis Boersma sold 18,223 shares of Dutch Bros stock. The stock was sold at an average price of $34.13, for a total value of $621,950.99.
• 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 shares were 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 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 transaction of $13,485,486.69.

Dutch Bros Stock Up 28.1 %

Shares of NYSE BROS opened at $44.76 on Friday. The stock has a market capitalization of $6.90 billion, a PE ratio of 179.04, a price-to-earnings-growth ratio of 3.64 and a beta of 2.47. The company has a current ratio of 2.19, a quick ratio of 1.88 and a debt-to-equity ratio of 0.82. Dutch Bros Inc. has a 12-month low of $25.46 and a 12-month high of $50.24. The stock’s fifty day simple moving average is $33.53 and its two-hundred day simple moving average is $34.99.

Dutch Bros (NYSE:BROS) last posted its earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.04. The company had revenue of $338.20 million for the quarter, compared to analyst estimates of $324.97 million. Dutch Bros had a return on equity of 3.99% and a net margin of 1.95%. The firm’s quarterly revenue was up 27.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.08 earnings per share. As a group, analysts expect that Dutch Bros Inc. will post 0.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of BROS. Transcendent Capital Group LLC acquired a new stake in Dutch Bros in the first quarter valued at approximately $26,000. Arcadia Investment Management Corp MI acquired a new stake in shares of Dutch Bros in the 2nd quarter worth $27,000. Jamison Private Wealth Management Inc. boosted its position in shares of Dutch Bros by 150.2% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock worth $27,000 after purchasing an additional 500 shares in the last quarter. Hollencrest Capital Management grew its stake in Dutch Bros by 52.3% during the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after buying an additional 314 shares during the last quarter. Finally, Quest Partners LLC increased its position in Dutch Bros by 3,321.7% during the 2nd quarter. Quest Partners LLC now owns 787 shares of the company’s stock valued at $33,000 after buying an additional 764 shares in the last quarter. Institutional investors own 85.54% of the company’s stock.

Analysts Set New Price Targets

BROS has been the topic of a number of analyst reports. Barclays cut their target price on Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Friday, August 9th. Piper Sandler lowered Dutch Bros from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $41.00 to $36.00 in a research note on Monday, August 19th. JPMorgan Chase & Co. lifted their target price on Dutch Bros from $44.00 to $48.00 and gave the stock an “overweight” rating in a research report on Thursday. 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 report on Thursday, August 8th. Finally, Robert W. Baird lifted their price objective on shares of Dutch Bros from $37.00 to $46.00 and gave the company a “neutral” rating in a report on Thursday. Three equities 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, Dutch Bros has a consensus rating of “Moderate Buy” and an average price target of $43.60.

About Dutch Bros

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.