Dm Individual Aggregator, Llc Sells 178,351 Shares of Dutch Bros (NYSE:BROS) Stock

Key Points

• Dm Individual Aggregator, LLC sold 178,351 shares of Dutch Bros stock at an average price of $63.07, reducing their ownership by 9.19% to approximately 1.76 million shares.
• Dutch Bros stock rose 6.3% to reach $69.63, with a market cap of $11.45 billion and strong trading volume of 3,776,667 shares.
• After a recent earnings report, Dutch Bros beat expectations with a $0.26 EPS, exceeding analysts' predictions of $0.18, and reported a 28% increase in revenue year-over-year.

Dutch Bros Inc. (NYSE:BROS - Get Free Report) major shareholder Dm Individual Aggregator, Llc sold 178,351 shares of the firm's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $63.07, for a total value of $11,248,597.57. Following the transaction, the insider owned 1,761,894 shares of the company's stock, valued at approximately $111,122,654.58. This represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.

Dm Individual Aggregator, Llc also recently made the following trade(s):

• On Friday, August 22nd, Dm Individual Aggregator, Llc sold 482,750 shares of Dutch Bros stock. The shares were sold at an average price of $65.17, for a total value of $31,460,817.50.

Dutch Bros Stock Up 6.3%

Dutch Bros stock traded up $4.1050 during midday trading on Monday, reaching $69.6250. The company's stock had a trading volume of 3,776,667 shares, compared to its average volume of 3,203,745. Dutch Bros Inc. has a fifty-two week low of $30.30 and a fifty-two week high of $86.88. The company has a quick ratio of 1.42, a current ratio of 1.64 and a debt-to-equity ratio of 0.69. The company has a market cap of $11.45 billion, a P/E ratio of 148.02, a P/E/G ratio of 3.68 and a beta of 2.63. The business has a 50-day simple moving average of $64.65 and a 200-day simple moving average of $65.82.

Dutch Bros (NYSE:BROS - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.26 EPS for the quarter, topping analysts' consensus estimates of $0.18 by $0.08. Dutch Bros had a return on equity of 8.86% and a net margin of 3.94%.The business had revenue of $415.81 million for the quarter, compared to analysts' expectations of $403.24 million. During the same quarter in the previous year, the firm earned $0.19 earnings per share. The business's revenue was up 28.0% compared to the same quarter last year. On average, research analysts expect that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Dutch Bros

Large investors have recently modified their holdings of the stock. Berkshire Capital Holdings Inc. acquired a new position in shares of Dutch Bros during the first quarter worth approximately $6,438,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Dutch Bros during the fourth quarter worth approximately $267,000. West Michigan Advisors LLC acquired a new position in shares of Dutch Bros during the first quarter worth approximately $401,000. Cherry Creek Investment Advisors Inc. boosted its stake in Dutch Bros by 63.9% in the first quarter. Cherry Creek Investment Advisors Inc. now owns 21,253 shares of the company's stock valued at $1,312,000 after acquiring an additional 8,282 shares during the last quarter. Finally, Private Advisory Group LLC bought a new position in Dutch Bros in the first quarter valued at approximately $910,000. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. CICC Research initiated coverage on shares of Dutch Bros in a research note on Monday, June 30th. They set an "outperform" rating and a $80.00 price objective on the stock. TD Cowen reaffirmed a "buy" rating and issued a $86.00 price objective on shares of Dutch Bros in a research note on Tuesday, August 19th. Stifel Nicolaus reduced their price objective on shares of Dutch Bros from $85.00 to $82.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. The Goldman Sachs Group started coverage on shares of Dutch Bros in a research report on Thursday, June 26th. They set a "neutral" rating and a $75.00 price objective for the company. Finally, Guggenheim upped their price objective on shares of Dutch Bros from $72.00 to $76.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Dutch Bros has an average rating of "Buy" and an average target price of $79.76.

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.

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