Dutch Bros Inc. (NYSE:BROS – Get Free Report) 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.
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.
View Our Latest Analysis on BROS
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.
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