Insider Selling: Dutch Bros Inc. (NYSE:BROS) Major Shareholder Sells 159,254 Shares of Stock

Dutch Bros Inc. (NYSE:BROS - Get Free Report) major shareholder Dm Individual Aggregator, Llc sold 159,254 shares of the firm's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $66.82, for a total value of $10,641,352.28. Following the transaction, the insider now owns 1,940,245 shares in the company, valued at approximately $129,647,170.90. This represents a 7.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Major shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, May 21st, Dm Individual Aggregator, Llc sold 119,112 shares of Dutch Bros stock. The shares were sold at an average price of $65.95, for a total value of $7,855,436.40.
• On Tuesday, May 20th, Dm Individual Aggregator, Llc sold 155,322 shares of Dutch Bros stock. The shares were sold at an average price of $68.24, for a total value of $10,599,173.28.
• On Monday, May 19th, Dm Individual Aggregator, Llc 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, Dm Individual Aggregator, Llc sold 182,123 shares of Dutch Bros stock. The shares were sold at an average price of $75.91, for a total value of $13,824,956.93.
• On Monday, February 24th, Dm Individual Aggregator, Llc sold 262,537 shares of Dutch Bros stock. The shares were sold at an average price of $74.77, for a total value of $19,629,891.49.

Dutch Bros Stock Up 3.3%

Shares of NYSE BROS traded up $2.21 during midday trading on Tuesday, hitting $70.10. 2,653,215 shares of the company's stock were exchanged, compared to its average volume of 3,184,245. 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 twelve month low of $26.96 and a twelve month high of $86.88. The company has a market cap of $11.53 billion, a PE ratio of 206.18, a P/E/G ratio of 4.23 and a beta of 2.71. The firm's fifty day simple moving average is $62.55 and its 200-day simple moving average is $61.09.

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on BROS. Robert W. Baird raised their price objective on Dutch Bros from $66.00 to $72.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Bank of America raised their price target on Dutch Bros from $61.00 to $72.00 and gave the stock a "buy" rating in a report on Monday, January 27th. JPMorgan Chase & Co. raised their price target on Dutch Bros from $58.00 to $80.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. Royal Bank of Canada began coverage on Dutch Bros in a report on Wednesday, May 14th. They issued an "outperform" rating and a $83.00 price target for the company. Finally, Guggenheim raised their price target on Dutch Bros from $54.00 to $72.00 and gave the stock a "buy" rating in a report on Monday, March 31st. One research analyst has rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $75.73.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of BROS. Raymond James Financial Inc. purchased a new stake in shares of Dutch Bros in the fourth quarter valued at approximately $94,478,000. Clear Creek Financial Management LLC purchased a new stake in shares of Dutch Bros in the fourth quarter valued at approximately $288,000. Ferguson Wellman Capital Management Inc. purchased a new stake in shares of Dutch Bros in the fourth quarter valued at approximately $304,000. Allspring Global Investments Holdings LLC boosted its position in Dutch Bros by 2.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 885,055 shares of the company's stock worth $49,785,000 after purchasing an additional 17,402 shares in the last quarter. Finally, Scratch Capital LLC purchased a new stake in Dutch Bros during the fourth quarter worth $1,260,000. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

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.