Dutch Bros Inc. (NYSE:BROS) Chairman Sells $58,728,979.23 in Stock

Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma sold 755,551 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $77.73, for a total transaction of $58,728,979.23. Following the completion of the transaction, the chairman now directly owns 2,903,316 shares in the company, valued at $225,674,752.68. This trade represents a 20.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Wednesday, February 26th, Travis Boersma sold 471,718 shares of Dutch Bros stock. The stock was sold at an average price of $75.91, for a total transaction of $35,808,113.38.
• 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 transaction of $50,843,300.92.

Dutch Bros Price Performance

BROS stock opened at $76.42 on Friday. The firm has a 50 day moving average of $63.14 and a 200-day moving average of $47.31. The firm has a market capitalization of $11.78 billion, a P/E ratio of 224.76, a price-to-earnings-growth ratio of 4.23 and a beta of 2.73. Dutch Bros Inc. has a 12 month low of $26.85 and a 12 month high of $86.88. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77.

Institutional Trading of Dutch Bros

Institutional investors and hedge funds have recently bought and sold shares of the company. Baillie Gifford & Co. bought a new position in shares of Dutch Bros in the third quarter worth $224,461,000. FIL Ltd purchased a new position in Dutch Bros during the fourth quarter worth about $176,298,000. FMR LLC increased its stake in Dutch Bros by 98.1% in the 4th quarter. FMR LLC now owns 6,516,479 shares of the company’s stock worth $341,333,000 after acquiring an additional 3,227,435 shares during the last quarter. Wasatch Advisors LP raised its holdings in shares of Dutch Bros by 232.1% in the 3rd quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock valued at $132,229,000 after acquiring an additional 2,885,306 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Dutch Bros during the 4th quarter valued at about $94,478,000. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on BROS. Jefferies Financial Group upped their price objective on Dutch Bros from $60.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. TD Cowen boosted their target price on Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Barclays upgraded Dutch Bros from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $38.00 to $70.00 in a research note on Tuesday, January 7th. JPMorgan Chase & Co. boosted their price objective on Dutch Bros from $58.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Finally, Robert W. Baird increased their target price on shares of Dutch Bros from $70.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $74.83.

About Dutch Bros

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.