Dm Trust Aggregator, Llc Sells 27,135 Shares of Dutch Bros Inc. (NYSE:BROS) Stock

Dutch Bros Inc. (NYSE:BROS - Get Free Report) major shareholder Dm Trust Aggregator, Llc sold 27,135 shares of the firm's stock in a transaction on Monday, May 13th. The stock was sold at an average price of $36.02, for a total value of $977,402.70. Following the sale, the insider now directly owns 2,116,783 shares of the company's stock, valued at approximately $76,246,523.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.

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

• On Thursday, March 21st, Dm Trust Aggregator, Llc sold 49,218 shares of Dutch Bros stock. The stock was sold at an average price of $36.04, for a total transaction of $1,773,816.72.
• On Monday, March 11th, Dm Trust Aggregator, Llc sold 86,209 shares of Dutch Bros stock. The stock was sold at an average price of $32.04, for a total transaction of $2,762,136.36.
• On Monday, March 4th, Dm Trust Aggregator, Llc sold 240,490 shares of Dutch Bros stock. The shares were sold at an average price of $30.28, for a total transaction of $7,282,037.20.

Dutch Bros Stock Up 2.5 %

Shares of NYSE:BROS traded up $0.89 during trading hours on Tuesday, reaching $36.07. The stock had a trading volume of 4,299,861 shares, compared to its average volume of 2,182,563. Dutch Bros Inc. has a 1 year low of $22.67 and a 1 year high of $36.32. The firm's 50 day moving average is $31.69 and its 200-day moving average is $29.49. The stock has a market capitalization of $6.39 billion, a price-to-earnings ratio of 200.40, a P/E/G ratio of 4.78 and a beta of 2.43. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.98 and a current ratio of 2.29.

Dutch Bros (NYSE:BROS - Get Free Report) last posted its earnings results on Wednesday, February 21st. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.03. Dutch Bros had a return on equity of 1.99% and a net margin of 1.21%. The firm had revenue of $254.12 million for the quarter, compared to analyst estimates of $254.80 million. Research analysts predict that Dutch Bros Inc. will post 0.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BROS. Piper Sandler raised Dutch Bros from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $32.00 to $37.00 in a research note on Monday, March 4th. Guggenheim reaffirmed a "neutral" rating and issued a $30.00 target price on shares of Dutch Bros in a research report on Friday, April 5th. Stifel Nicolaus reissued a "buy" rating and set a $40.00 price target on shares of Dutch Bros in a research report on Wednesday, April 3rd. Wedbush upped their target price on shares of Dutch Bros from $37.00 to $39.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 8th. Finally, TD Cowen upgraded shares of Dutch Bros from a "hold" rating to a "buy" rating and increased their target price for the stock from $33.00 to $46.00 in a report on Friday. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, Dutch Bros has a consensus rating of "Moderate Buy" and a consensus target price of $36.67.

Institutional Investors Weigh In On Dutch Bros

Hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC lifted its position in Dutch Bros by 42.9% in the third quarter. FMR LLC now owns 8,581,751 shares of the company's stock valued at $199,526,000 after acquiring an additional 2,578,145 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Dutch Bros by 35.0% in the 1st quarter. Vanguard Group Inc. now owns 6,412,246 shares of the company's stock valued at $211,604,000 after purchasing an additional 1,661,778 shares during the period. Wasatch Advisors LP purchased a new position in Dutch Bros during the 1st quarter worth approximately $41,988,000. American Century Companies Inc. increased its position in Dutch Bros by 191.7% during the third quarter. American Century Companies Inc. now owns 1,177,148 shares of the company's stock worth $27,369,000 after buying an additional 773,616 shares during the period. Finally, Lord Abbett & CO. LLC purchased a new stake in Dutch Bros in the first quarter valued at approximately $23,137,000. Institutional investors and hedge funds own 85.54% of the company's stock.

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.