Dutch Bros (NYSE:BROS) Chairman Travis Boersma Sells 1,250,371 Shares

Key Points

• Travis Boersma, Chairman of Dutch Bros, sold 1,250,371 shares of the company's stock at an average price of $65.17, totaling approximately $81.49 million, which represents a 49.43% decrease in his ownership.
• The company's stock, currently trading around $69.63, has experienced significant growth, with revenue increasing by 28% year-over-year.
• Analysts maintain a consensus rating of "Buy" for Dutch Bros stock, with an average price target of $79.76, indicating positive market sentiment.

Dutch Bros Inc. (NYSE:BROS - Get Free Report) Chairman Travis Boersma sold 1,250,371 shares of the firm's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $65.17, for a total value of $81,486,678.07. Following the completion of the transaction, the chairman directly owned 1,279,144 shares of the company's stock, valued at approximately $83,361,814.48. This trade represents a 49.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, August 21st, Travis Boersma sold 461,948 shares of Dutch Bros stock. The stock was sold at an average price of $63.07, for a total value of $29,135,060.36.

Dutch Bros Stock Performance

BROS stock traded up $4.1050 during midday trading on Monday, hitting $69.6250. The stock had a trading volume of 3,776,667 shares, compared to its average volume of 3,203,745. The firm has a market capitalization of $11.45 billion, a price-to-earnings ratio of 148.02, a P/E/G ratio of 3.68 and a beta of 2.63. The stock has a 50-day simple moving average of $64.65 and a 200 day simple moving average of $65.82. Dutch Bros Inc. has a 52 week low of $30.30 and a 52 week high of $86.88. The company has a current ratio of 1.64, a quick ratio of 1.42 and a debt-to-equity ratio of 0.69.

Dutch Bros (NYSE:BROS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.08. The company had revenue of $415.81 million during the quarter, compared to analysts' expectations of $403.24 million. Dutch Bros had a return on equity of 8.86% and a net margin of 3.94%.The business's revenue was up 28.0% on a year-over-year basis. During the same period last year, the business earned $0.19 earnings per share. As a group, equities research analysts anticipate that Dutch Bros Inc. will post 0.57 earnings per share for the current year.

Institutional Investors Weigh In On Dutch Bros

Several institutional investors have recently bought and sold shares of the company. Gould Capital LLC lifted its stake in 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 acquiring an additional 140 shares in the last quarter. Wedmont Private Capital raised its stake in shares of Dutch Bros by 3.0% during the 2nd quarter. Wedmont Private Capital now owns 5,473 shares of the company's stock worth $363,000 after purchasing an additional 158 shares in the last quarter. RiverPark Advisors LLC raised its stake in shares of Dutch Bros by 4.8% during the 2nd quarter. RiverPark Advisors LLC now owns 3,966 shares of the company's stock worth $271,000 after purchasing an additional 181 shares in the last quarter. Hollencrest Capital Management raised its stake in shares of Dutch Bros by 21.2% during the 1st quarter. Hollencrest Capital Management now owns 1,096 shares of the company's stock worth $68,000 after purchasing an additional 192 shares in the last quarter. Finally, Copia Wealth Management raised its stake in shares of Dutch Bros by 14.7% during the 1st quarter. Copia Wealth Management now owns 1,595 shares of the company's stock worth $98,000 after purchasing an additional 205 shares in the last quarter. Institutional investors own 85.54% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on BROS shares. TD Cowen reiterated a "buy" rating and issued a $86.00 price objective on shares of Dutch Bros in a research report on Tuesday, August 19th. The Goldman Sachs Group initiated coverage on Dutch Bros in a research report on Thursday, June 26th. They set a "neutral" rating and a $75.00 target price for the company. CICC Research assumed coverage on Dutch Bros in a research report on Monday, June 30th. They set an "outperform" rating and a $80.00 target price for the company. TD Securities reiterated a "buy" rating and set a $78.00 price objective on shares of Dutch Bros in a report on Thursday, May 8th. Finally, Guggenheim boosted their price objective on Dutch Bros from $72.00 to $76.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Dutch Bros currently has a consensus rating of "Buy" and an average price target 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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