Insider Selling: Dutch Bros (NYSE:BROS) Major Shareholder Sells 71,399 Shares of Stock

Key Points

• Dutch Bros major shareholder Dm Individual Aggregator, LLC sold 71,399 shares on May 28 at an average price of $56.16, totaling about $4.0 million. The sale was made under a pre-arranged Rule 10b5-1 trading plan, and the investor still owns more than 3.19 million shares.
• This was part of a larger recent selling trend by the same shareholder, which also sold 189,655 shares the previous day for about $10.66 million.
• The stock rose 2.5% to $58.00 despite the insider sales, while analysts remain largely positive with a consensus rating of “Moderate Buy” and an average target price of $76.00.

Dutch Bros Inc. (NYSE:BROS - Get Free Report) major shareholder Dm Individual Aggregator, Llc sold 71,399 shares of the business's stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $56.16, for a total transaction of $4,009,767.84. Following the sale, the insider owned 3,193,963 shares of the company's stock, valued at $179,372,962.08. This trade represents a 2.19% decrease in their position. The sale 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. 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 27th, Dm Individual Aggregator, Llc sold 189,655 shares of Dutch Bros stock. The shares were sold at an average price of $56.21, for a total transaction of $10,660,507.55.

Dutch Bros Stock Up 2.5%

BROS stock traded up $1.44 during midday trading on Friday, reaching $58.00. 3,787,324 shares of the company's stock traded hands, compared to its average volume of 4,704,018. The company has a market cap 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. The firm's fifty day moving average price is $52.96 and its 200-day moving average price is $55.67. The company has a quick ratio of 1.19, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. Dutch Bros Inc. has a 52 week low of $44.58 and a 52 week high of $77.88.

Dutch Bros (NYSE:BROS - Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.16 EPS for the quarter, meeting analysts' consensus estimates of $0.16. The business had revenue of $464.41 million during the quarter, compared to analyst estimates of $449.70 million. Dutch Bros had a net margin of 4.61% and a return on equity of 9.42%. Dutch Bros's quarterly revenue was up 30.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.14 EPS. As a group, sell-side analysts forecast that Dutch Bros Inc. will post 0.83 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on BROS shares. TD Cowen restated a "buy" rating and set a $73.00 price target on shares of Dutch Bros in a research note on Wednesday, May 20th. The Goldman Sachs Group upgraded shares of Dutch Bros from a "neutral" rating to a "buy" rating and set a $75.00 price target for the company in a research note on Monday, March 2nd. Telsey Advisory Group assumed coverage on shares of Dutch Bros in a research note on Wednesday, April 8th. They issued an "outperform" rating and a $66.00 target price for the company. Citigroup upped their target price on shares of Dutch Bros from $84.00 to $85.00 and gave the stock a "buy" rating in a research note on Thursday, May 7th. Finally, BNP Paribas Exane assumed coverage on shares of Dutch Bros in a research note on Monday, March 30th. They issued an "outperform" rating and a $73.00 target price for the company. One investment 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. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $76.00.

Key Dutch Bros News

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

Institutional Trading of Dutch Bros

Institutional investors have recently made changes to their positions in the company. Osterweis Capital Management Inc. bought a new stake in shares of Dutch Bros in the 2nd quarter worth $27,000. Brown Lisle Cummings Inc. bought a new stake in shares of Dutch Bros in the 4th quarter worth $31,000. Rakuten Securities Inc. grew its stake in shares of Dutch Bros by 557.4% in the 2nd quarter. Rakuten Securities Inc. now owns 447 shares of the company's stock worth $31,000 after acquiring an additional 379 shares in the last quarter. Ankerstar Wealth LLC bought a new position in Dutch Bros during the fourth quarter valued at about $31,000. Finally, Quarry LP grew its position in Dutch Bros by 83.5% during the fourth quarter. Quarry LP now owns 600 shares of the company's stock valued at $37,000 after buying an additional 273 shares during the period. Institutional investors own 85.54% of the company's stock.

Dutch Bros Company Profile

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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