Insider Selling: Dutch Bros (NYSE:BROS) Major Shareholder Sells 482,750 Shares of Stock

Key Points

• Major shareholder Dm Individual Aggregator, LLC sold 482,750 shares of Dutch Bros stock for approximately $31.46 million, decreasing their ownership by 27.40%.
• Following the insider sale, Dutch Bros shares traded up 6.3% to reach $69.63, with a market cap of $11.45 billion and significant positive earnings growth reported.
• Analysts hold a generally positive outlook for Dutch Bros, with a consensus price target of $79.76, and several firms recently upgraded their ratings on the stock.

Dutch Bros Inc. (NYSE:BROS - Get Free Report) major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of Dutch Bros stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $65.17, for a total transaction of $31,460,817.50. Following the transaction, the insider directly owned 1,279,144 shares of the company's stock, valued at $83,361,814.48. The trade was a 27.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.

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

• On Thursday, August 21st, Dm Individual Aggregator, Llc sold 178,351 shares of Dutch Bros stock. The shares were sold at an average price of $63.07, for a total value of $11,248,597.57.

Dutch Bros Trading Up 6.3%

Shares of BROS traded up $4.1050 during trading hours on Monday, reaching $69.6250. 3,776,667 shares of the company traded hands, compared to its average volume of 3,203,745. The firm has a market cap of $11.45 billion, a price-to-earnings ratio of 148.02, a PEG ratio of 3.68 and a beta of 2.63. Dutch Bros Inc. has a 12-month low of $30.30 and a 12-month 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. The stock's fifty day moving average price is $64.65 and its 200 day moving average price is $65.82.

Dutch Bros (NYSE:BROS - Get Free Report) last issued its earnings results 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 firm had revenue of $415.81 million during the quarter, compared to analyst estimates of $403.24 million. Dutch Bros had a net margin of 3.94% and a return on equity of 8.86%. The business's revenue was up 28.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.19 earnings per share. Sell-side analysts forecast that Dutch Bros Inc. will post 0.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BROS has been the subject of a number of recent analyst reports. TD Securities reissued a "buy" rating and set a $78.00 target price on shares of Dutch Bros in a research note on Thursday, May 8th. Melius Research raised shares of Dutch Bros to a "strong-buy" rating in a research note on Monday, July 14th. The Goldman Sachs Group started coverage on shares of Dutch Bros in a research note on Thursday, June 26th. They issued a "neutral" rating and a $75.00 price objective for the company. CICC Research started coverage on shares of Dutch Bros in a research note on Monday, June 30th. They issued an "outperform" rating and a $80.00 price objective for the company. Finally, Barclays upped their price objective on shares of Dutch Bros from $84.00 to $92.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $79.76.

Institutional Trading of Dutch Bros

Several hedge funds have recently modified their holdings of BROS. Dimensional Fund Advisors LP raised its position in shares of Dutch Bros by 19.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 731,667 shares of the company's stock valued at $38,325,000 after purchasing an additional 117,878 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Dutch Bros by 254.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 182,444 shares of the company's stock worth $9,557,000 after buying an additional 130,931 shares during the period. Coppell Advisory Solutions LLC grew its stake in shares of Dutch Bros by 638.6% during the 4th quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company's stock worth $27,000 after purchasing an additional 447 shares during the period. Lord Abbett & CO. LLC acquired a new stake in shares of Dutch Bros during the 4th quarter worth approximately $25,706,000. Finally, Aquatic Capital Management LLC boosted its position in Dutch Bros by 9.9% during the fourth quarter. Aquatic Capital Management LLC now owns 92,390 shares of the company's stock worth $4,839,000 after purchasing an additional 8,290 shares in the last quarter. 85.54% of the stock is owned by hedge funds and other institutional investors.

About Dutch Bros

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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