Insider Selling: Dutch Bros Inc. (NYSE:BROS) Chairman Sells 679,996 Shares of Stock

Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma sold 679,996 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $74.77, for a total transaction of $50,843,300.92. Following the sale, the chairman now owns 2,640,779 shares of the company’s stock, valued at $197,451,045.83. This represents a 20.48 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, February 21st, Travis Boersma sold 755,551 shares of Dutch Bros stock. The stock was sold at an average price of $77.73, for a total value of $58,728,979.23.

Dutch Bros Stock Performance

NYSE BROS traded down $2.92 on Tuesday, hitting $72.39. 640,343 shares of the company’s stock were exchanged, compared to its average volume of 3,059,158. The firm’s 50-day moving average price is $62.25 and its two-hundred day moving average price is $46.81. Dutch Bros Inc. has a fifty-two week low of $26.85 and a fifty-two week high of $86.88. The firm has a market cap of $11.16 billion, a price-to-earnings ratio of 212.93, a P/E/G ratio of 4.23 and a beta of 2.73. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.76 and a quick ratio of 1.58.

Wall Street Analysts Forecast Growth

BROS has been the subject of a number of recent analyst reports. William Blair reissued an “outperform” rating on shares of Dutch Bros in a research report on Tuesday, December 17th. Stifel Nicolaus boosted their target price on Dutch Bros from $62.00 to $74.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Baird R W raised Dutch Bros from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Robert W. Baird increased their target price on Dutch Bros from $70.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Finally, Jefferies Financial Group lifted their target price on Dutch Bros from $60.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Dutch Bros has a consensus rating of “Buy” and an average price target of $74.83.

Institutional Investors Weigh In On Dutch Bros

A number of hedge funds and other institutional investors have recently bought and sold shares of BROS. Vanguard Group Inc. grew its position in Dutch Bros by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 10,184,514 shares of the company’s stock worth $533,465,000 after buying an additional 153,070 shares during the period. Baillie Gifford & Co. acquired a new stake in shares of Dutch Bros in the 3rd quarter worth approximately $224,461,000. FMR LLC increased its stake in Dutch Bros by 98.1% in the 4th quarter. FMR LLC now owns 6,516,479 shares of the company’s stock valued at $341,333,000 after purchasing an additional 3,227,435 shares in the last quarter. D. E. Shaw & Co. Inc. raised its holdings in Dutch Bros by 14.0% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 5,118,265 shares of the company’s stock worth $268,095,000 after purchasing an additional 627,875 shares during the last quarter. Finally, Wasatch Advisors LP boosted its position in Dutch Bros by 232.1% during the third quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock worth $132,229,000 after purchasing an additional 2,885,306 shares in the last quarter. Institutional investors and hedge funds own 85.54% of the company’s stock.

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.