Dutch Bros Inc. (NYSE:BROS - Get Free Report) Chairman Travis Boersma sold 722,841 shares of the company's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $66.82, for a total value of $48,300,235.62. Following the transaction, the chairman now directly owns 1,940,245 shares in the company, valued at $129,647,170.90. This represents a 27.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Travis Boersma also recently made the following trade(s):
- On Wednesday, May 21st, Travis Boersma sold 540,638 shares of Dutch Bros stock. The shares were sold at an average price of $65.95, for a total transaction of $35,655,076.10.
- On Tuesday, May 20th, Travis Boersma sold 704,995 shares of Dutch Bros stock. The shares were sold at an average price of $68.24, for a total transaction of $48,108,858.80.
- On Monday, May 19th, Travis Boersma sold 531,526 shares of Dutch Bros stock. The shares were sold at an average price of $72.02, for a total transaction of $38,280,502.52.
- On Wednesday, February 26th, Travis Boersma sold 471,718 shares of Dutch Bros stock. The stock was sold at an average price of $75.91, for a total value of $35,808,113.38.
- On Monday, February 24th, Travis Boersma sold 679,996 shares of Dutch Bros stock. The stock was sold at an average price of $74.77, for a total value of $50,843,300.92.
Dutch Bros Price Performance
Shares of Dutch Bros stock traded up $0.56 during trading on Wednesday, hitting $70.71. 1,662,115 shares of the stock traded hands, compared to its average volume of 3,178,184. Dutch Bros Inc. has a 52 week low of $26.96 and a 52 week high of $86.88. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. The firm's fifty day moving average is $62.55 and its 200-day moving average is $61.09. The stock has a market cap of $11.63 billion, a price-to-earnings ratio of 207.98, a PEG ratio of 4.23 and a beta of 2.71.
Dutch Bros (NYSE:BROS - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.11 by $0.03. Dutch Bros had a net margin of 2.75% and a return on equity of 6.78%. The business had revenue of $355.15 million for the quarter, compared to analysts' expectations of $343.30 million. During the same period last year, the business earned $0.09 earnings per share. The business's quarterly revenue was up 28.7% on a year-over-year basis. Research analysts expect that Dutch Bros Inc. will post 0.57 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of BROS. R Squared Ltd bought a new position in shares of Dutch Bros during the fourth quarter valued at about $25,000. Coppell Advisory Solutions LLC grew its position in 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 acquiring an additional 447 shares during the last quarter. AdvisorNet Financial Inc bought a new position in Dutch Bros during the 1st quarter worth approximately $31,000. Cullen Frost Bankers Inc. bought a new position in shares of Dutch Bros in the first quarter worth approximately $31,000. Finally, Banque Transatlantique SA bought a new position in shares of Dutch Bros in the first quarter worth approximately $38,000. 85.54% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on BROS shares. Guggenheim lifted their target price on Dutch Bros from $54.00 to $72.00 and gave the company a "buy" rating in a report on Monday, March 31st. Barclays increased their price target on shares of Dutch Bros from $76.00 to $82.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. UBS Group decreased their target price on shares of Dutch Bros from $90.00 to $80.00 and set a "buy" rating on the stock in a report on Monday, May 5th. Royal Bank of Canada initiated coverage on shares of Dutch Bros in a report on Wednesday, May 14th. They set an "outperform" rating and a $83.00 target price on the stock. Finally, Piper Sandler decreased their target price on shares of Dutch Bros from $70.00 to $63.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. One analyst has rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Dutch Bros presently has an average rating of "Buy" and an average price target of $75.73.
Check Out Our Latest Stock Report on BROS
Dutch Bros Company Profile
(
Get Free Report)
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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