Dutch Bros Inc. (NYSE:BROS) Major Shareholder Sells $156,446.00 in Stock

Dutch Bros Inc. (NYSE:BROS) major shareholder Dm Trust Aggregator, Llc sold 4,600 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $34.01, for a total transaction of $156,446.00. Following the transaction, the insider now directly owns 507,700 shares of the company’s stock, valued at $17,266,877. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Dm Trust Aggregator, Llc also recently made the following trade(s):

• On Monday, September 9th, Dm Trust Aggregator, Llc sold 186,418 shares of Dutch Bros stock. The stock was sold at an average price of $32.39, for a total transaction of $6,038,079.02.
• On Thursday, September 5th, Dm Trust Aggregator, Llc sold 1,800 shares of Dutch Bros stock. The shares were sold at an average price of $32.00, for a total transaction of $57,600.00.
• On Friday, August 23rd, Dm Trust Aggregator, Llc sold 400 shares of Dutch Bros stock. The stock was sold at an average price of $32.00, for a total transaction of $12,800.00.

Dutch Bros Trading Down 0.4 %

BROS stock opened at $34.56 on Thursday. Dutch Bros Inc. has a one year low of $22.67 and a one year high of $43.49. The stock has a market cap of $6.12 billion, a price-to-earnings ratio of 192.00, a price-to-earnings-growth ratio of 2.70 and a beta of 2.49. The company has a fifty day moving average price of $34.56 and a two-hundred day moving average price of $34.64. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.19 and a quick ratio of 1.88.

Dutch Bros (NYSE:BROS) last announced its earnings results on Wednesday, August 7th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.13 by $0.06. The business had revenue of $324.92 million during the quarter, compared to the consensus estimate of $317.39 million. Dutch Bros had a net margin of 1.95% and a return on equity of 3.99%. Dutch Bros’s revenue was up 30.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.07 EPS. Equities analysts anticipate that Dutch Bros Inc. will post 0.32 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Stifel Nicolaus lowered their target price on Dutch Bros from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. TD Cowen reaffirmed a “buy” rating and set a $47.00 price target on shares of Dutch Bros in a research report on Thursday, September 12th. JPMorgan Chase & Co. increased their price objective on Dutch Bros from $40.00 to $44.00 and gave the company an “overweight” rating in a report on Monday, June 3rd. Wedbush reissued an “outperform” rating and issued a $45.00 target price on shares of Dutch Bros in a research note on Thursday, August 8th. Finally, Bank of America upped their price target on shares of Dutch Bros from $44.00 to $49.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Dutch Bros has an average rating of “Moderate Buy” and an average price target of $39.73.

Hedge Funds Weigh In On Dutch Bros

Several institutional investors and hedge funds have recently made changes to their positions in the company. Ghisallo Capital Management LLC acquired a new position in shares of Dutch Bros in the second quarter valued at about $6,210,000. Clearbridge Investments LLC grew its position in shares of Dutch Bros by 11.5% during the 2nd quarter. Clearbridge Investments LLC now owns 971,037 shares of the company’s stock worth $40,201,000 after purchasing an additional 100,140 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of Dutch Bros by 13.6% during the second quarter. Cetera Investment Advisers now owns 101,849 shares of the company’s stock worth $4,217,000 after purchasing an additional 12,230 shares during the period. Regal Investment Advisors LLC acquired a new stake in shares of Dutch Bros in the second quarter valued at approximately $258,000. Finally, Quarry LP acquired a new stake in shares of Dutch Bros in the second quarter valued at approximately $43,000. Institutional investors and hedge funds own 85.54% of the company’s stock.

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.