Insider Selling: Dutch Bros (NYSE:BROS) Chairman Sells 461,948 Shares of Stock

Key Points

• Travis Boersma, Chairman of Dutch Bros, sold 461,948 shares of stock on August 21st for over $29 million, reducing his ownership stake by 20.77%.
• The company reported $0.26 earnings per share for the last quarter, surpassing analysts' expectations of $0.18, and also showed a significant 28% year-over-year revenue growth.
• Research analysts have set a consensus target price of $79.76 for Dutch Bros shares, with a majority rating the stock as a "Buy".

Dutch Bros Inc. (NYSE:BROS - Get Free Report) Chairman Travis Boersma sold 461,948 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $63.07, for a total value of $29,135,060.36. Following the completion of the sale, the chairman owned 1,761,894 shares in the company, valued at $111,122,654.58. This trade represents a 20.77% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Friday, August 22nd, Travis Boersma sold 1,250,371 shares of Dutch Bros stock. The shares were sold at an average price of $65.17, for a total value of $81,486,678.07.

Dutch Bros Price Performance

NYSE BROS traded up $4.1050 during trading hours on Monday, reaching $69.6250. 3,776,667 shares of the stock traded hands, compared to its average volume of 3,203,745. The stock has a 50 day simple moving average of $64.65 and a two-hundred day simple moving average of $65.82. Dutch Bros Inc. has a 1 year low of $30.30 and a 1 year high of $86.88. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.64 and a quick ratio of 1.42. The company has a market cap of $11.45 billion, a price-to-earnings ratio of 148.02, a price-to-earnings-growth ratio of 3.68 and a beta of 2.63.

Dutch Bros (NYSE:BROS - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.18 by $0.08. The business had revenue of $415.81 million for the quarter, compared to the consensus estimate of $403.24 million. Dutch Bros had a return on equity of 8.86% and a net margin of 3.94%.The company's revenue for the quarter was up 28.0% on a year-over-year basis. During the same quarter last year, the business posted $0.19 earnings per share. On average, analysts predict that Dutch Bros Inc. will post 0.57 EPS 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. Gould Capital LLC lifted its holdings in shares of Dutch Bros by 20.4% during the 4th quarter. Gould Capital LLC now owns 826 shares of the company's stock valued at $43,000 after buying an additional 140 shares during the period. Wedmont Private Capital raised its holdings in Dutch Bros by 3.0% in 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 during the period. RiverPark Advisors LLC raised its holdings in Dutch Bros by 4.8% in 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 during the period. Hollencrest Capital Management raised its holdings in Dutch Bros by 21.2% in 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 during the period. Finally, Copia Wealth Management raised its holdings in Dutch Bros by 14.7% in 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 during the period. 85.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on BROS. Guggenheim upped their target price on Dutch Bros from $72.00 to $76.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Melius Research raised shares of Dutch Bros to a "strong-buy" rating in a research report on Monday, July 14th. Morgan Stanley reiterated an "overweight" rating and issued a $84.00 price target (up from $80.00) on shares of Dutch Bros in a research note on Thursday, August 7th. TD Securities reissued a "buy" rating and set a $78.00 price target on shares of Dutch Bros in a research report on Thursday, May 8th. Finally, Piper Sandler lowered their price target on shares of Dutch Bros from $70.00 to $63.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, Dutch Bros currently has a consensus rating of "Buy" and a consensus target price 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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