Dutch Bros Inc. (NYSE:BROS) Chairman Sells $35,808,113.38 in Stock

Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma sold 471,718 shares of Dutch Bros stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $75.91, for a total transaction of $35,808,113.38. Following the completion of the sale, the chairman now directly owns 2,310,834 shares in the company, valued at $175,415,408.94. This trade represents a 16.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• 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.
• On Friday, February 21st, Travis Boersma sold 755,551 shares of Dutch Bros stock. The shares were sold at an average price of $77.73, for a total transaction of $58,728,979.23.

Dutch Bros Price Performance

Shares of Dutch Bros stock traded up $0.77 on Thursday, hitting $76.17. 2,052,106 shares of the company were exchanged, compared to its average volume of 3,082,382. Dutch Bros Inc. has a 1-year low of $26.85 and a 1-year high of $86.88. The stock has a market capitalization of $11.75 billion, a price-to-earnings ratio of 224.68, a price-to-earnings-growth ratio of 4.23 and a beta of 2.73. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. The company has a 50-day moving average price of $63.14 and a 200 day moving average price of $47.31.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BROS. Robert W. Baird raised their price objective on Dutch Bros from $70.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Bank of America lifted their price target on shares of Dutch Bros from $61.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, January 27th. TD Cowen increased their price target on shares of Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. boosted their target price on shares of Dutch Bros from $58.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Finally, Piper Sandler boosted their target price on shares of Dutch Bros from $51.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $74.83.

Hedge Funds Weigh In On Dutch Bros

A number of hedge funds have recently modified their holdings of the business. Gould Capital LLC boosted its holdings in Dutch Bros by 20.4% during the 4th quarter. Gould Capital LLC now owns 826 shares of the company’s stock valued at $43,000 after acquiring an additional 140 shares during the period. Amalgamated Bank raised its position in Dutch Bros by 3.6% in the 4th quarter. Amalgamated Bank now owns 6,268 shares of the company’s stock valued at $328,000 after purchasing an additional 220 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Dutch Bros by 0.8% in the fourth quarter. Arizona State Retirement System now owns 33,033 shares of the company’s stock valued at $1,730,000 after purchasing an additional 260 shares during the period. Treasurer of the State of North Carolina lifted its position in Dutch Bros by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 48,050 shares of the company’s stock valued at $2,517,000 after purchasing an additional 310 shares during the period. Finally, Hollencrest Capital Management grew its holdings in Dutch Bros by 52.3% during the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after acquiring an additional 314 shares during the period. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Dutch Bros Company Profile

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.