Dutch Bros (NYSE:BROS) Major Shareholder Sells $6,139,443.74 in Stock

Dutch Bros Inc. (NYSE:BROS) major shareholder Dm Individual Aggregator, Llc sold 105,362 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $58.27, for a total value of $6,139,443.74. Following the transaction, the insider owned 3,088,601 shares in the company, valued at approximately $179,972,780.27. This trade represents a 3.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Dm Individual Aggregator, Llc also recently made the following trade(s):

• On Monday, June 1st, Dm Individual Aggregator, Llc sold 155,692 shares of Dutch Bros stock. The stock was sold at an average price of $58.26, for a total value of $9,070,615.92.
• On Thursday, May 28th, Dm Individual Aggregator, Llc sold 71,399 shares of Dutch Bros stock. The stock was sold at an average price of $56.16, for a total value of $4,009,767.84.
• On Wednesday, May 27th, Dm Individual Aggregator, Llc sold 189,655 shares of Dutch Bros stock. The stock was sold at an average price of $56.21, for a total value of $10,660,507.55.

Dutch Bros Price Performance

Dutch Bros stock opened at $56.01 on Friday. The stock’s fifty day moving average price is $53.57 and its two-hundred day moving average price is $55.73. Dutch Bros Inc. has a one year low of $44.58 and a one year high of $77.88. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 1.19. The firm has a market cap of $9.78 billion, a PE ratio of 87.52, a price-to-earnings-growth ratio of 1.83 and a beta of 2.36.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. Dutch Bros had a return on equity of 9.42% and a net margin of 4.61%.The firm had revenue of $464.41 million for the quarter, compared to analyst estimates of $449.70 million. During the same quarter last year, the company earned $0.14 EPS. The company’s revenue was up 30.7% on a year-over-year basis. As a group, research analysts expect that Dutch Bros Inc. will post 0.84 EPS for the current fiscal year.

Institutional Investors Weigh In On Dutch Bros

Several hedge funds have recently modified their holdings of the company. Parallel Advisors LLC boosted its holdings in shares of Dutch Bros by 19.8% during the 1st quarter. Parallel Advisors LLC now owns 12,978 shares of the company’s stock valued at $657,000 after acquiring an additional 2,145 shares in the last quarter. Western Wealth Management LLC acquired a new stake in shares of Dutch Bros during the 1st quarter valued at $154,000. Bank of America Corp DE boosted its holdings in shares of Dutch Bros by 33.4% during the 1st quarter. Bank of America Corp DE now owns 1,814,815 shares of the company’s stock valued at $91,939,000 after acquiring an additional 454,036 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Dutch Bros by 8.5% during the 1st quarter. Janus Henderson Group PLC now owns 58,916 shares of the company’s stock valued at $2,987,000 after acquiring an additional 4,638 shares in the last quarter. Finally, Arkadios Wealth Advisors acquired a new stake in shares of Dutch Bros during the 1st quarter valued at $249,000. Institutional investors and hedge funds own 85.54% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on BROS shares. Weiss Ratings restated a “hold (c)” rating on shares of Dutch Bros in a research note on Monday, April 20th. Oppenheimer initiated coverage on Dutch Bros in a research note on Friday, May 1st. They issued an “outperform” rating and a $72.00 price target on the stock. Morgan Stanley reiterated an “overweight” rating and issued a $87.00 price target on shares of Dutch Bros in a research note on Thursday, May 7th. TD Cowen reiterated a “buy” rating and issued a $73.00 price target on shares of Dutch Bros in a research note on Wednesday, May 20th. Finally, The Goldman Sachs Group upgraded Dutch Bros from a “neutral” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Dutch Bros currently has a consensus rating of “Moderate Buy” and a consensus target price of $76.00.

Dutch Bros Company Profile

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.