Travis Boersma Sells 755,551 Shares of Dutch Bros Inc. (NYSE:BROS) Stock

Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma sold 755,551 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $77.73, for a total transaction of $58,728,979.23. Following the transaction, the chairman now directly owns 2,903,316 shares of the company’s stock, valued at approximately $225,674,752.68. This trade represents a 20.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Monday, February 24th, Travis Boersma sold 679,996 shares of Dutch Bros stock. The shares were sold at an average price of $74.77, for a total transaction of $50,843,300.92.

Dutch Bros Trading Up 3.1 %

NYSE:BROS opened at $75.43 on Thursday. The company’s 50 day moving average price is $63.14 and its 200-day moving average price is $47.31. Dutch Bros Inc. has a 52 week low of $26.85 and a 52 week high of $86.88. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. The stock has a market cap of $11.63 billion, a price-to-earnings ratio of 221.87, a PEG ratio of 4.23 and a beta of 2.73.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BROS. Baillie Gifford & Co. bought a new position in Dutch Bros during the third quarter valued at approximately $224,461,000. FIL Ltd bought a new position in Dutch Bros in the fourth quarter worth approximately $176,298,000. FMR LLC raised its position in Dutch Bros by 98.1% in the fourth quarter. FMR LLC now owns 6,516,479 shares of the company’s stock worth $341,333,000 after acquiring an additional 3,227,435 shares during the period. Wasatch Advisors LP raised its position in Dutch Bros by 232.1% in the third quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock worth $132,229,000 after acquiring an additional 2,885,306 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Dutch Bros in the fourth quarter worth approximately $94,478,000. Institutional investors own 85.54% of the company’s stock.

Wall Street Analyst Weigh In

BROS has been the subject of several recent analyst reports. Wedbush upped their price objective on shares of Dutch Bros from $65.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Robert W. Baird boosted their price target on shares of Dutch Bros from $70.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Bank of America boosted their price target on shares of Dutch Bros from $61.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Jefferies Financial Group boosted their price target on shares of Dutch Bros from $60.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Finally, TD Securities boosted their price target on shares of Dutch Bros from $65.00 to $89.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. One research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $74.83.

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.