Travis Boersma Sells 471,718 Shares of Dutch Bros Inc. (NYSE:BROS) Stock

Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma sold 471,718 shares of Dutch Bros stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $75.91, for a total value of $35,808,113.38. Following the completion of the sale, the chairman now directly owns 2,310,834 shares of the company’s stock, valued at approximately $175,415,408.94. This represents a 16.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, February 24th, Travis Boersma sold 679,996 shares of Dutch Bros stock. The shares were sold at an average price of $74.77, for a total value of $50,843,300.92.
• On Friday, February 21st, Travis Boersma sold 755,551 shares of Dutch Bros stock. The shares were sold at an average price of $77.73, for a total value of $58,728,979.23.

Dutch Bros Price Performance

BROS stock opened at $79.19 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.76. Dutch Bros Inc. has a 1 year low of $26.85 and a 1 year high of $86.88. The firm has a market cap of $12.21 billion, a P/E ratio of 232.93, a price-to-earnings-growth ratio of 4.23 and a beta of 2.73. The stock has a 50-day simple moving average of $63.62 and a 200-day simple moving average of $47.51.

Wall Street Analyst Weigh In

BROS has been the subject of a number of recent analyst reports. Stifel Nicolaus lifted their price objective on Dutch Bros from $74.00 to $85.00 and gave the company a “buy” rating in a research report on Friday. Robert W. Baird boosted their price target on Dutch Bros from $70.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Piper Sandler boosted their price target on Dutch Bros from $51.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. boosted their price target on Dutch Bros from $58.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Finally, Jefferies Financial Group boosted their price target on Dutch Bros from $60.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. One analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Dutch Bros has a consensus rating of “Buy” and a consensus target price of $75.75.

Institutional Investors Weigh In On Dutch Bros

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Dutch Bros by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 10,184,514 shares of the company’s stock valued at $533,465,000 after buying an additional 153,070 shares in the last quarter. Baillie Gifford & Co. purchased a new position in Dutch Bros in the third quarter valued at about $224,461,000. FMR LLC boosted its holdings in Dutch Bros by 98.1% in the fourth quarter. FMR LLC now owns 6,516,479 shares of the company’s stock valued at $341,333,000 after purchasing an additional 3,227,435 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in Dutch Bros by 14.0% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 5,118,265 shares of the company’s stock valued at $268,095,000 after purchasing an additional 627,875 shares during the last quarter. Finally, Wasatch Advisors LP boosted its holdings in Dutch Bros by 232.1% in the third quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock valued at $132,229,000 after purchasing an additional 2,885,306 shares during the last quarter. Institutional investors and hedge funds own 85.54% of the company’s stock.

Dutch Bros Company Profile

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.