Insider Selling: Dutch Bros (NYSE:BROS) Chairman Sells $26,059,639.74 in Stock

Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma sold 447,299 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $58.26, for a total value of $26,059,639.74. Following the sale, the chairman owned 2,932,909 shares of the company’s stock, valued at approximately $170,871,278.34. This trade represents a 13.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, May 29th, Travis Boersma sold 302,700 shares of Dutch Bros stock. The stock was sold at an average price of $58.27, for a total value of $17,638,329.00.
• On Thursday, May 28th, Travis Boersma sold 205,127 shares of Dutch Bros stock. The stock was sold at an average price of $56.16, for a total value of $11,519,932.32.
• On Wednesday, May 27th, Travis Boersma sold 544,872 shares of Dutch Bros stock. The stock was sold at an average price of $56.21, for a total value of $30,627,255.12.

Dutch Bros Price Performance

NYSE:BROS opened at $56.01 on Friday. Dutch Bros Inc. has a 12 month low of $44.58 and a 12 month high of $77.88. The stock has a 50 day moving average of $53.57 and a two-hundred day moving average of $55.73. The company has a current ratio of 1.33, a quick ratio of 1.19 and a debt-to-equity ratio of 0.21. The firm has a market cap of $9.78 billion, a P/E 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 results on Wednesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. The business had revenue of $464.41 million during the quarter, compared to analyst estimates of $449.70 million. Dutch Bros had a return on equity of 9.42% and a net margin of 4.61%.The business’s revenue was up 30.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.14 earnings per share. On average, analysts expect that Dutch Bros Inc. will post 0.84 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BROS has been the subject of a number of analyst reports. Wolfe Research initiated coverage on Dutch Bros in a research report on Monday, March 9th. They issued an “outperform” rating and a $77.00 price target for the company. Telsey Advisory Group initiated coverage on Dutch Bros in a research report on Wednesday, April 8th. They issued an “outperform” rating and a $66.00 price target for the company. Piper Sandler upped their price target on Dutch Bros from $59.00 to $61.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Morgan Stanley restated an “overweight” rating and issued a $87.00 price target on shares of Dutch Bros in a research report on Thursday, May 7th. Finally, Citigroup upped their price target on Dutch Bros from $84.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $76.00.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Osterweis Capital Management Inc. acquired a new position in Dutch Bros during the second quarter worth $27,000. Brown Lisle Cummings Inc. acquired a new position in Dutch Bros during the fourth quarter worth $31,000. Rakuten Securities Inc. lifted its stake in Dutch Bros by 557.4% during the second quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock worth $31,000 after purchasing an additional 379 shares in the last quarter. Ankerstar Wealth LLC acquired a new position in Dutch Bros during the fourth quarter worth $31,000. Finally, Quarry LP raised its stake in shares of Dutch Bros by 83.5% in the fourth quarter. Quarry LP now owns 600 shares of the company’s stock valued at $37,000 after acquiring an additional 273 shares in the last quarter. 85.54% of the stock is currently owned by institutional investors and hedge funds.

About Dutch Bros

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.