Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma Sells 257,354 Shares of Stock

Dutch Bros Inc. (NYSE:BROSGet Free Report) Chairman Travis Boersma sold 257,354 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $36.18, for a total value of $9,311,067.72. Following the sale, the chairman now directly owns 650,995 shares of the company’s stock, valued at $23,552,999.10. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

  • On Monday, May 20th, Travis Boersma sold 334,069 shares of Dutch Bros stock. The stock was sold at an average price of $36.85, for a total transaction of $12,310,442.65.
  • On Monday, May 13th, Travis Boersma sold 54,359 shares of Dutch Bros stock. The shares were sold at an average price of $36.02, for a total value of $1,958,011.18.
  • On Thursday, March 21st, Travis Boersma sold 98,017 shares of Dutch Bros stock. The stock was sold at an average price of $36.04, for a total transaction of $3,532,532.68.
  • On Wednesday, March 13th, Travis Boersma sold 296,603 shares of Dutch Bros stock. The shares were sold at an average price of $34.31, for a total transaction of $10,176,448.93.
  • On Monday, March 4th, Travis Boersma sold 389,406 shares of Dutch Bros stock. The shares were sold at an average price of $30.31, for a total transaction of $11,802,895.86.

Dutch Bros Stock Performance

Shares of BROS stock traded down $0.16 during trading on Friday, reaching $34.10. The company had a trading volume of 1,589,520 shares, compared to its average volume of 3,287,779. Dutch Bros Inc. has a one year low of $22.67 and a one year high of $38.41. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.29 and a quick ratio of 1.98. The company has a market capitalization of $6.04 billion, a PE ratio of 189.40, a PEG ratio of 5.20 and a beta of 2.43. The firm’s 50 day simple moving average is $32.32 and its two-hundred day simple moving average is $30.03.

Dutch Bros (NYSE:BROSGet Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. Dutch Bros had a return on equity of 1.99% and a net margin of 1.21%. The company had revenue of $254.12 million for the quarter, compared to analyst estimates of $254.80 million. Sell-side analysts forecast that Dutch Bros Inc. will post 0.29 earnings per share for the current year.

Institutional Trading of Dutch Bros

A number of institutional investors and hedge funds have recently made changes to their positions in BROS. Transcendent Capital Group LLC bought a new position in Dutch Bros in the 1st quarter valued at $26,000. DekaBank Deutsche Girozentrale bought a new stake in Dutch Bros in the 4th quarter worth approximately $40,000. Avior Wealth Management LLC grew its position in shares of Dutch Bros by 1,610.7% during the 4th quarter. Avior Wealth Management LLC now owns 1,283 shares of the company’s stock valued at $41,000 after acquiring an additional 1,208 shares during the period. Allworth Financial LP raised its position in shares of Dutch Bros by 41.8% during the fourth quarter. Allworth Financial LP now owns 1,598 shares of the company’s stock valued at $51,000 after buying an additional 471 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC lifted its holdings in shares of Dutch Bros by 31.1% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 2,490 shares of the company’s stock valued at $79,000 after acquiring an additional 590 shares during the last quarter. Institutional investors own 85.54% of the company’s stock.

Analyst Ratings Changes

BROS has been the subject of several research reports. Wedbush boosted their price objective on Dutch Bros from $39.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, May 16th. Piper Sandler raised shares of Dutch Bros from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $32.00 to $37.00 in a research note on Monday, March 4th. JPMorgan Chase & Co. raised their price objective on Dutch Bros from $34.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 19th. Guggenheim reaffirmed a “neutral” rating and set a $30.00 price objective on shares of Dutch Bros in a research note on Friday, April 5th. Finally, William Blair restated an “outperform” rating on shares of Dutch Bros in a research report on Thursday, February 22nd. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.33.

Get Our Latest Stock Report on BROS

Dutch Bros Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Dutch Bros (NYSE:BROS)

Receive News & Ratings for Dutch Bros Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dutch Bros and related companies with MarketBeat.com's FREE daily email newsletter.