Travis Boersma Sells 544,872 Shares of Dutch Bros (NYSE:BROS) Stock

Key Points

• Chairman Travis Boersma sold 544,872 shares of Dutch Bros stock at an average price of $56.21, generating about $30.6 million. The sale was disclosed in an SEC filing and was made under a pre-arranged Rule 10b5-1 plan.
• Boersma also sold an additional 205,127 shares the next day at an average price of $56.16, further reducing his ownership by 14.3% after the first transaction. He still held more than 3.26 million shares afterward.
• Dutch Bros shares recently traded around $58, and the company continues to draw generally positive analyst coverage with a Moderate Buy consensus and a $76 average price target. Recent earnings beat revenue expectations, and store expansion remains a key growth driver.

Dutch Bros Inc. (NYSE:BROS - Get Free Report) Chairman Travis Boersma sold 544,872 shares of Dutch Bros stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $56.21, for a total transaction of $30,627,255.12. Following the sale, the chairman owned 3,265,362 shares of the company's stock, valued at approximately $183,545,998.02. The trade was a 14.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, May 28th, Travis Boersma sold 205,127 shares of Dutch Bros stock. The shares were sold at an average price of $56.16, for a total transaction of $11,519,932.32.

Dutch Bros Price Performance

Dutch Bros stock traded up $1.44 during mid-day trading on Friday, hitting $58.00. 3,787,324 shares of the company traded hands, compared to its average volume of 4,704,018. Dutch Bros Inc. has a one year low of $44.58 and a one year high of $77.88. The stock has a market cap of $10.13 billion, a price-to-earnings ratio of 90.62, a price-to-earnings-growth ratio of 1.82 and a beta of 2.40. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.19 and a current ratio of 1.33. The stock has a fifty day moving average price of $52.96 and a 200-day moving average price of $55.67.

Dutch Bros (NYSE:BROS - Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. The firm had revenue of $464.41 million for the quarter, compared to the consensus estimate of $449.70 million. Dutch Bros had a net margin of 4.61% and a return on equity of 9.42%. The business's revenue was up 30.7% compared to the same quarter last year. During the same period last year, the firm posted $0.14 earnings per share. On average, equities analysts predict that Dutch Bros Inc. will post 0.83 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on BROS shares. Weiss Ratings restated a "hold (c)" rating on shares of Dutch Bros in a report on Monday, April 20th. TD Cowen restated a "buy" rating and issued a $73.00 price objective on shares of Dutch Bros in a report on Wednesday, May 20th. Barclays lowered their price objective on shares of Dutch Bros from $76.00 to $75.00 and set an "overweight" rating for the company in a report on Thursday, May 7th. Morgan Stanley reaffirmed an "overweight" rating and issued a $87.00 target price on shares of Dutch Bros in a research note on Thursday, May 7th. Finally, Oppenheimer assumed coverage on shares of Dutch Bros in a research note on Friday, May 1st. They issued an "outperform" rating and a $72.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $76.00.

Key Stories Impacting Dutch Bros

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 Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in BROS. Alyeska Investment Group L.P. purchased a new stake in shares of Dutch Bros in the 4th quarter worth about $113,880,000. Westfield Capital Management Co. LP purchased a new stake in shares of Dutch Bros in the 4th quarter worth about $108,948,000. Norges Bank purchased a new stake in shares of Dutch Bros in the 4th quarter worth about $96,951,000. Balyasny Asset Management L.P. grew its position in shares of Dutch Bros by 196.0% in the 3rd quarter. Balyasny Asset Management L.P. now owns 1,817,201 shares of the company's stock worth $95,112,000 after buying an additional 1,203,338 shares during the period. Finally, Interval Partners LP purchased a new stake in shares of Dutch Bros in the 4th quarter worth about $57,276,000. 85.54% of the stock is owned by hedge funds and other institutional investors.

About Dutch Bros

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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