Dutch Bros (NYSE:BROS) Chairman Travis Boersma Sells 205,127 Shares

Key Points

• Dutch Bros Chairman Travis Boersma sold 205,127 shares on May 28 at an average price of $56.16, totaling about $11.5 million. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
• Boersma also sold 544,872 shares the day before, bringing his recent share sales to a much larger amount. After the latest transaction, he still owned about 3.19 million shares.
• Dutch Bros continues to show solid operating momentum, with Q1 revenue up 30.7% year over year to $464.4 million and EPS of $0.16 matching estimates. Analysts remain broadly positive, with a consensus Moderate Buy rating and average price target of $76.

Dutch Bros Inc. (NYSE:BROS - Get Free Report) Chairman Travis Boersma sold 205,127 shares of the business's stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $56.16, for a total value of $11,519,932.32. Following the sale, the chairman owned 3,193,963 shares in the company, valued at approximately $179,372,962.08. The trade was a 6.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, May 27th, Travis Boersma sold 544,872 shares of Dutch Bros stock. The stock was sold at an average price of $56.21, for a total value of $30,627,255.12.

Dutch Bros Price Performance

BROS traded up $1.44 during trading on Friday, reaching $58.00. 3,787,324 shares of the stock were exchanged, compared to its average volume of 4,704,018. The business's 50 day moving average price is $52.96 and its two-hundred day moving average price is $55.67. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 1.19. The company has a market capitalization of $10.13 billion, a price-to-earnings ratio of 90.62, a P/E/G ratio of 1.82 and a beta of 2.40. Dutch Bros Inc. has a 1 year low of $44.58 and a 1 year high of $77.88.

Dutch Bros (NYSE:BROS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. Dutch Bros had a return on equity of 9.42% and a net margin of 4.61%.The business had revenue of $464.41 million for the quarter, compared to the consensus estimate of $449.70 million. During the same period in the prior year, the business earned $0.14 earnings per share. The business's revenue was up 30.7% on a year-over-year basis. As a group, equities research analysts anticipate that Dutch Bros Inc. will post 0.83 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently issued reports on BROS shares. Citigroup upped their price objective on Dutch Bros from $84.00 to $85.00 and gave the company a "buy" rating in a research report on Thursday, May 7th. Wolfe Research started coverage on Dutch Bros in a research report on Monday, March 9th. They issued an "outperform" rating and a $77.00 price objective on the stock. BNP Paribas Exane started coverage on Dutch Bros in a research report on Monday, March 30th. They issued an "outperform" rating and a $73.00 price objective on the stock. TD Cowen restated a "buy" rating and issued a $73.00 price objective on shares of Dutch Bros in a research report on Wednesday, May 20th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Dutch Bros in a research report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $76.00.

Trending Headlines about Dutch Bros

Here are the key news stories impacting Dutch Bros this week:

• Positive Sentiment: Dutch Bros is speeding up store openings, which supports a stronger long-term growth outlook and suggests better execution on expansion plans. Will Accelerating Store Openings Strengthen Dutch Bros' Growth Path?
• Positive Sentiment: New store announcements across multiple states reinforce Dutch Bros’ ability to expand its footprint and increase future sales opportunities. Dutch Bros Coffee to open first Macon location this summer
• Positive Sentiment: The opening of the 10th Albuquerque location highlights continued demand in established markets and sustained brand momentum. Dutch Bros opens 10th Albuquerque location
• Neutral Sentiment: Management is set to participate in an upcoming investor conference, which could provide more color on growth plans but is not a direct operational catalyst. Dutch Bros Inc. to Participate in Upcoming Investor Conference

Hedge Funds Weigh In On Dutch Bros

Several large investors have recently added to or reduced their stakes in BROS. Alyeska Investment Group L.P. purchased a new position in Dutch Bros during the fourth quarter worth about $113,880,000. Westfield Capital Management Co. LP purchased a new position in Dutch Bros during the fourth quarter worth about $108,948,000. Norges Bank purchased a new position in Dutch Bros during the fourth quarter worth about $96,951,000. Balyasny Asset Management L.P. lifted its position in Dutch Bros by 196.0% during the third quarter. Balyasny Asset Management L.P. now owns 1,817,201 shares of the company's stock worth $95,112,000 after buying an additional 1,203,338 shares during the period. Finally, Interval Partners LP purchased a new position in shares of Dutch Bros in the 4th quarter worth about $57,276,000. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

About Dutch Bros

Dutch Bros Coffee, trading on the NYSE under the ticker BROS, is an American drive-through coffee chain known for its quick-service model and community-focused brand. Founded in 1992 by brothers Dane and Travis Boersma in Grants Pass, Oregon, the company began as a single coffee stand and has since expanded its footprint across numerous U.S. markets. Dutch Bros specializes in handcrafted espresso drinks, drip coffee, cold brew, energy drinks, smoothies, teas, and a variety of signature “Dutch Freeze” and “Dutch Frost” blended beverages.

The company operates a mix of company-owned and franchised locations, placing a strong emphasis on speed and customer engagement.

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