Dutch Bros Inc. (NYSE:BROS) Chairman Sells $35,655,076.10 in Stock

Dutch Bros Inc. (NYSE:BROS - Get Free Report) Chairman Travis Boersma sold 540,638 shares of Dutch Bros stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $65.95, for a total transaction of $35,655,076.10. Following the completion of the sale, the chairman now owns 2,099,499 shares in the company, valued at approximately $138,461,959.05. This trade represents a 20.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, May 22nd, Travis Boersma sold 722,841 shares of Dutch Bros stock. The shares were sold at an average price of $66.82, for a total transaction of $48,300,235.62.
• On Tuesday, May 20th, Travis Boersma sold 704,995 shares of Dutch Bros stock. The shares were sold at an average price of $68.24, for a total transaction of $48,108,858.80.
• On Monday, May 19th, Travis Boersma sold 531,526 shares of Dutch Bros stock. The shares were sold at an average price of $72.02, for a total value of $38,280,502.52.
• On Wednesday, February 26th, Travis Boersma sold 471,718 shares of Dutch Bros stock. The shares were sold at an average price of $75.91, for a total value of $35,808,113.38.
• 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 value of $50,843,300.92.

Dutch Bros Stock Up 0.8%

BROS traded up $0.56 during trading on Wednesday, hitting $70.71. 1,662,115 shares of the company's stock traded hands, compared to its average volume of 3,178,184. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. The company's 50 day simple moving average is $62.55 and its two-hundred day simple moving average is $61.09. Dutch Bros Inc. has a 12-month low of $26.96 and a 12-month high of $86.88. The stock has a market capitalization of $11.63 billion, a price-to-earnings ratio of 207.98, a PEG ratio of 4.23 and a beta of 2.71.

Dutch Bros (NYSE:BROS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.03. The company had revenue of $355.15 million for the quarter, compared to the consensus estimate of $343.30 million. Dutch Bros had a net margin of 2.75% and a return on equity of 6.78%. The firm's revenue for the quarter was up 28.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.09 earnings per share. Analysts predict that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Dutch Bros

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Dutch Bros by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 10,184,514 shares of the company's stock valued at $533,465,000 after buying an additional 153,070 shares during the period. FMR LLC lifted its holdings in Dutch Bros by 98.1% in the fourth quarter. FMR LLC now owns 6,516,479 shares of the company's stock valued at $341,333,000 after acquiring an additional 3,227,435 shares during the period. D. E. Shaw & Co. Inc. lifted its holdings in Dutch Bros by 14.0% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 5,118,265 shares of the company's stock valued at $268,095,000 after acquiring an additional 627,875 shares during the period. 1832 Asset Management L.P. lifted its holdings in Dutch Bros by 29.9% in the first quarter. 1832 Asset Management L.P. now owns 3,420,200 shares of the company's stock valued at $211,163,000 after acquiring an additional 788,100 shares during the period. Finally, FIL Ltd bought a new position in shares of Dutch Bros in the 4th quarter worth approximately $176,298,000. 85.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on BROS shares. Barclays lifted their price target on Dutch Bros from $76.00 to $82.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Guggenheim boosted their price objective on shares of Dutch Bros from $54.00 to $72.00 and gave the stock a "buy" rating in a research note on Monday, March 31st. Wedbush reissued an "outperform" rating and issued a $90.00 price target on shares of Dutch Bros in a research report on Monday, March 31st. Piper Sandler dropped their price target on Dutch Bros from $70.00 to $63.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Finally, TD Securities reissued a "buy" rating and issued a $78.00 price target on shares of Dutch Bros in a research report on Thursday, May 8th. One research analyst has rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Dutch Bros currently has a consensus rating of "Buy" and an average target price of $75.73.

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.