Dutch Bros (NYSE:BROS) Chairman Travis Boersma Sells 750,000 Shares

Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma sold 750,000 shares of the company’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $63.02, for a total transaction of $47,265,000.00. Following the completion of the sale, the chairman owned 2,410,800 shares in the company, valued at approximately $151,928,616. This trade represents a 23.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, June 10th, Travis Boersma sold 749,999 shares of Dutch Bros stock. The shares were sold at an average price of $60.39, for a total transaction of $45,292,439.61.
• On Monday, June 1st, Travis Boersma sold 447,299 shares of Dutch Bros stock. The stock was sold at an average price of $58.26, for a total value of $26,059,639.74.
• 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 shares were 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 Stock Up 1.9%

Dutch Bros stock traded up $1.21 during mid-day trading on Friday, reaching $66.24. The stock had a trading volume of 2,149,495 shares, compared to its average volume of 4,591,641. The company has a market capitalization of $11.57 billion, a price-to-earnings ratio of 103.50, a PEG ratio of 1.95 and a beta of 2.36. The company has a 50-day moving average price of $54.57 and a two-hundred day moving average price of $55.99. Dutch Bros Inc. has a one year low of $44.58 and a one year high of $74.65. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 1.19.

Dutch Bros (NYSE:BROS) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.16 earnings per share 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 net margin of 4.61% and a return on equity of 9.42%. Dutch Bros’s revenue was up 30.7% compared to the same quarter last year. During the same period last year, the business earned $0.14 EPS. On average, analysts expect that Dutch Bros Inc. will post 0.84 EPS for the current fiscal year.

Institutional Trading of Dutch Bros

A number of hedge funds have recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its holdings in shares of Dutch Bros by 56.5% in the third quarter. Envestnet Asset Management Inc. now owns 109,530 shares of the company’s stock worth $5,733,000 after buying an additional 39,561 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Dutch Bros by 31.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 204,705 shares of the company’s stock worth $10,714,000 after buying an additional 49,194 shares in the last quarter. Thornburg Investment Management Inc. lifted its position in Dutch Bros by 143.9% during the third quarter. Thornburg Investment Management Inc. now owns 77,711 shares of the company’s stock valued at $4,067,000 after purchasing an additional 45,847 shares during the last quarter. Magnetar Financial LLC increased its holdings in shares of Dutch Bros by 107.2% in the 3rd quarter. Magnetar Financial LLC now owns 140,590 shares of the company’s stock worth $7,358,000 after buying an additional 72,751 shares during the last quarter. Finally, M&T Bank Corp raised its position in shares of Dutch Bros by 1,559.3% during the 4th quarter. M&T Bank Corp now owns 97,334 shares of the company’s stock valued at $5,959,000 after buying an additional 91,468 shares in the last quarter. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Analyst Ratings Changes

BROS has been the topic of several analyst reports. Piper Sandler upped their price objective on Dutch Bros from $59.00 to $61.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. KeyCorp boosted their price target on Dutch Bros from $77.00 to $79.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Dutch Bros in a report on Wednesday, May 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Dutch Bros in a research report on Monday, April 20th. Finally, Citigroup upped their target price on shares of Dutch Bros from $84.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. One equities research 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 stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $76.00.

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.