Travis Boersma Sells 38,339 Shares of Dutch Bros Inc. (NYSE:BROS) Stock

Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma sold 38,339 shares of Dutch Bros stock in a transaction on Monday, November 4th. The stock was sold at an average price of $33.48, for a total transaction of $1,283,589.72. Following the sale, the chairman now owns 15,610 shares of the company’s stock, valued at $522,622.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Friday, November 1st, Travis Boersma sold 285,462 shares of Dutch Bros stock. The stock was sold at an average price of $33.38, for a total value of $9,528,721.56.
• On Monday, October 28th, Travis Boersma sold 80,720 shares of Dutch Bros stock. The stock was sold at an average price of $36.03, for a total value of $2,908,341.60.
• On Monday, September 16th, Travis Boersma sold 18,223 shares of Dutch Bros stock. The stock was sold at an average price of $34.13, for a total transaction of $621,950.99.
• On Thursday, September 12th, Travis Boersma sold 9,610 shares of Dutch Bros stock. The shares were sold at an average price of $34.01, for a total transaction of $326,836.10.
• On Monday, September 9th, Travis Boersma sold 280,518 shares of Dutch Bros stock. The shares were sold at an average price of $32.36, for a total transaction of $9,077,562.48.
• On Thursday, September 5th, Travis Boersma sold 3,600 shares of Dutch Bros stock. The shares were sold at an average price of $32.00, for a total value of $115,200.00.
• On Friday, August 23rd, Travis Boersma sold 800 shares of Dutch Bros stock. The stock was sold at an average price of $32.00, for a total value of $25,600.00.
• On Monday, August 19th, Travis Boersma sold 426,891 shares of Dutch Bros stock. The shares were sold at an average price of $31.59, for a total value of $13,485,486.69.

Dutch Bros Price Performance

Dutch Bros stock opened at $44.76 on Friday. The company has a fifty day simple moving average of $33.53 and a 200-day simple moving average of $34.99. The firm has a market capitalization of $6.90 billion, a price-to-earnings ratio of 179.04, a PEG ratio of 3.64 and a beta of 2.47. The company has a quick ratio of 1.88, a current ratio of 2.19 and a debt-to-equity ratio of 0.82. Dutch Bros Inc. has a 52-week low of $25.46 and a 52-week high of $50.24.

Dutch Bros (NYSE:BROS) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. The company had revenue of $338.20 million during the quarter, compared to the consensus estimate of $324.97 million. Dutch Bros had a net margin of 1.95% and a return on equity of 3.99%. Dutch Bros’s quarterly revenue was up 27.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.08 EPS. On average, equities analysts anticipate that Dutch Bros Inc. will post 0.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BROS. Robert W. Baird lifted their target price on shares of Dutch Bros from $37.00 to $46.00 and gave the company a “neutral” rating in a report on Thursday. Guggenheim upgraded shares of Dutch Bros from a “neutral” rating to a “buy” rating in a research report on Thursday, August 8th. JPMorgan Chase & Co. increased their target price on shares of Dutch Bros from $44.00 to $48.00 and gave the stock an “overweight” rating in a research note on Thursday. UBS Group lifted their price target on Dutch Bros from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Barclays dropped their price objective on Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $43.60.

Hedge Funds Weigh In On Dutch Bros

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Susquehanna Fundamental Investments LLC acquired a new position in shares of Dutch Bros during the 1st quarter valued at about $4,430,000. Janney Montgomery Scott LLC boosted its holdings in Dutch Bros by 96.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 27,295 shares of the company’s stock valued at $901,000 after purchasing an additional 13,395 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Dutch Bros in the 1st quarter valued at approximately $200,000. 1832 Asset Management L.P. purchased a new stake in shares of Dutch Bros in the 2nd quarter valued at approximately $4,339,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Dutch Bros during the 1st quarter valued at approximately $2,072,000. Institutional investors and hedge funds own 85.54% of the company’s stock.

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.