Travis Boersma Sells 9,610 Shares of Dutch Bros Inc. (NYSE:BROS) Stock

Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma sold 9,610 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $34.01, for a total value of $326,836.10. Following the completion of the sale, the chairman now owns 317,167 shares in the company, valued at $10,786,849.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, September 16th, Travis Boersma sold 18,223 shares of Dutch Bros stock. The shares were sold at an average price of $34.13, for a total value of $621,950.99.
• On Monday, September 9th, Travis Boersma sold 280,518 shares of Dutch Bros stock. The shares were sold at an average price of $32.36, for a total value of $9,077,562.48.
• On Thursday, September 5th, Travis Boersma sold 3,600 shares of Dutch Bros stock. The shares were sold at an average price of $32.00, for a total value of $115,200.00.
• On Friday, August 23rd, Travis Boersma sold 800 shares of Dutch Bros stock. The stock was sold at an average price of $32.00, for a total value of $25,600.00.
• On Monday, August 19th, Travis Boersma sold 426,891 shares of Dutch Bros stock. The stock was sold at an average price of $31.59, for a total value of $13,485,486.69.

Dutch Bros Price Performance

BROS stock opened at $34.56 on Thursday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.88 and a current ratio of 2.19. Dutch Bros Inc. has a 1 year low of $22.67 and a 1 year high of $43.49. The firm has a market cap of $6.12 billion, a P/E ratio of 192.00, a price-to-earnings-growth ratio of 2.70 and a beta of 2.49. The stock has a 50-day simple moving average of $34.56 and a 200-day simple moving average of $34.64.

Dutch Bros (NYSE:BROS) last posted its earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. Dutch Bros had a return on equity of 3.99% and a net margin of 1.95%. The business had revenue of $324.92 million during the quarter, compared to analyst estimates of $317.39 million. During the same quarter last year, the firm earned $0.07 earnings per share. The company’s revenue for the quarter was up 30.0% compared to the same quarter last year. On average, equities analysts predict that Dutch Bros Inc. will post 0.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Dutch Bros

Large investors have recently modified their holdings of the stock. Ghisallo Capital Management LLC acquired a new stake in Dutch Bros during the 2nd quarter valued at approximately $6,210,000. Clearbridge Investments LLC grew its stake in Dutch Bros by 11.5% during the 2nd quarter. Clearbridge Investments LLC now owns 971,037 shares of the company’s stock valued at $40,201,000 after purchasing an additional 100,140 shares in the last quarter. Cetera Investment Advisers grew its stake in Dutch Bros by 13.6% during the 2nd quarter. Cetera Investment Advisers now owns 101,849 shares of the company’s stock valued at $4,217,000 after purchasing an additional 12,230 shares in the last quarter. Regal Investment Advisors LLC acquired a new stake in Dutch Bros during the 2nd quarter valued at approximately $258,000. Finally, Quarry LP acquired a new stake in Dutch Bros during the 2nd quarter valued at approximately $43,000. Institutional investors and hedge funds own 85.54% of the company’s stock.

Analyst Upgrades and Downgrades

BROS has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their target price on Dutch Bros from $40.00 to $44.00 and gave the stock an “overweight” rating in a research report on Monday, June 3rd. Piper Sandler downgraded Dutch Bros from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $41.00 to $36.00 in a research report on Monday, August 19th. Wedbush reiterated an “outperform” rating and set a $45.00 target price on shares of Dutch Bros in a research report on Thursday, August 8th. Barclays reduced their target price on Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Friday, August 9th. Finally, Bank of America upped their price target on Dutch Bros from $44.00 to $49.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $39.73.

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.