Dutch Bros Inc. (NYSE:BROS) Chairman Sells $25,600.00 in Stock

Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma sold 800 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $32.00, for a total transaction of $25,600.00. Following the sale, the chairman now directly owns 466,828 shares in the company, valued at $14,938,496. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• 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.
• On Wednesday, May 29th, Travis Boersma sold 264,798 shares of Dutch Bros stock. The shares were sold at an average price of $36.20, for a total transaction of $9,585,687.60.

Dutch Bros Trading Down 1.8 %

NYSE BROS opened at $31.22 on Thursday. The company’s fifty day simple moving average is $37.11 and its 200-day simple moving average is $34.18. Dutch Bros Inc. has a 52 week low of $22.67 and a 52 week high of $43.49. The company has a current ratio of 2.29, a quick ratio of 1.98 and a debt-to-equity ratio of 0.86. The stock has a market cap of $5.53 billion, a P/E ratio of 173.44, a PEG ratio of 4.71 and a beta of 2.53.

Dutch Bros (NYSE:BROS) last released its earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.06. Dutch Bros had a net margin of 1.21% and a return on equity of 1.99%. The firm had revenue of $324.92 million during the quarter, compared to analyst estimates of $317.39 million. During the same quarter in the previous year, the firm earned $0.07 earnings per share. The firm’s revenue for the quarter was up 30.0% compared to the same quarter last year. Equities research analysts predict that Dutch Bros Inc. will post 0.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BROS. TD Cowen dropped their price objective on shares of Dutch Bros from $50.00 to $47.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Robert W. Baird dropped 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 report on Thursday, August 8th. Piper Sandler downgraded shares of Dutch Bros from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $41.00 to $36.00 in a research report on Monday, August 19th. Bank of America increased their target price 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. Finally, Wedbush reaffirmed an “outperform” rating and issued a $45.00 target price on shares of Dutch Bros in a research report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $39.73.

Institutional Trading of Dutch Bros

Several institutional investors have recently added to or reduced their stakes in BROS. Clearbridge Investments LLC boosted its holdings in shares of Dutch Bros by 11.5% during the second quarter. Clearbridge Investments LLC now owns 971,037 shares of the company’s stock valued at $40,201,000 after acquiring an additional 100,140 shares during the period. Cetera Investment Advisers boosted its holdings in shares of Dutch Bros by 13.6% during the second quarter. Cetera Investment Advisers now owns 101,849 shares of the company’s stock valued at $4,217,000 after acquiring an additional 12,230 shares during the period. Regal Investment Advisors LLC acquired a new position in shares of Dutch Bros during the second quarter valued at $258,000. Quarry LP acquired a new position in shares of Dutch Bros during the second quarter valued at $43,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in shares of Dutch Bros during the second quarter valued at $44,000. Institutional investors own 85.54% of the company’s stock.

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.