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

Dutch Bros Inc. (NYSE:BROS - Get Free Report) Chairman Travis Boersma sold 679,996 shares of Dutch Bros stock in a transaction that occurred on Monday, February 24th. The shares were 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 approximately $197,451,045.83. The trade was a 20.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• 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 transaction of $35,808,113.38.
• On Friday, February 21st, Travis Boersma sold 755,551 shares of Dutch Bros stock. The shares were sold at an average price of $77.73, for a total transaction of $58,728,979.23.

Dutch Bros Trading Up 3.4 %

BROS stock traded up $2.63 during midday trading on Friday, hitting $79.19. The stock had a trading volume of 2,277,009 shares, compared to its average volume of 3,081,110. The firm has a market cap of $12.21 billion, a PE ratio of 232.93, a price-to-earnings-growth 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. Dutch Bros Inc. has a 12-month low of $26.85 and a 12-month high of $86.88. The company's 50-day moving average price is $64.12 and its 200 day moving average price is $47.86.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Barclays raised shares of Dutch Bros from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $38.00 to $70.00 in a research note on Tuesday, January 7th. UBS Group raised their price objective on shares of Dutch Bros from $67.00 to $90.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Robert W. Baird raised their price objective on shares of Dutch Bros from $70.00 to $95.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Wedbush raised their price objective on shares of Dutch Bros from $65.00 to $100.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Finally, Stifel Nicolaus raised their price objective on shares of Dutch Bros from $74.00 to $85.00 and gave the stock a "buy" rating in a research note on Friday. One analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $75.75.

Hedge Funds Weigh In On Dutch Bros

A number of hedge funds have recently made changes to their positions in the stock. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Dutch Bros in the 4th quarter valued at $5,700,000. Jefferies Financial Group Inc. acquired a new position in shares of Dutch Bros in the 4th quarter valued at $2,585,000. Bernard Wealth Management Corp. acquired a new position in shares of Dutch Bros in the 4th quarter valued at $43,000. Gould Capital LLC boosted its holdings in shares of Dutch Bros by 20.4% in the 4th quarter. Gould Capital LLC now owns 826 shares of the company's stock valued at $43,000 after purchasing an additional 140 shares during the last quarter. Finally, AlphaCore Capital LLC acquired a new position in shares of Dutch Bros in the 4th quarter valued at $262,000. 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.