Insider Selling: Dutch Bros Inc. (NYSE:BROS) Chairman Sells 679,996 Shares of Stock

Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma sold 679,996 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $74.77, for a total transaction of $50,843,300.92. Following the transaction, the chairman now owns 2,640,779 shares of the company’s stock, valued at $197,451,045.83. This trade represents a 20.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• 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

BROS stock traded down $2.92 during trading on Tuesday, hitting $72.39. The company had a trading volume of 640,343 shares, compared to its average volume of 3,059,158. Dutch Bros Inc. has a fifty-two week low of $26.85 and a fifty-two week high of $86.88. The firm has a market capitalization of $11.16 billion, a price-to-earnings ratio of 212.93, a P/E/G ratio of 4.23 and a beta of 2.73. The business has a 50 day moving average of $62.25 and a 200 day moving average of $46.81. 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 Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BROS. Gould Capital LLC raised its holdings in shares of Dutch Bros by 20.4% during the fourth 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. AlphaCore Capital LLC acquired a new position in shares of Dutch Bros in the fourth quarter worth $262,000. Neo Ivy Capital Management purchased a new stake in shares of Dutch Bros during the fourth quarter worth $142,000. Castleark Management LLC acquired a new stake in Dutch Bros during the fourth quarter valued at $5,267,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Dutch Bros by 33.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 283,391 shares of the company’s stock valued at $14,844,000 after purchasing an additional 70,557 shares during the last quarter. Institutional investors and hedge funds own 85.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. TD Cowen upped 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 raised Dutch Bros from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $38.00 to $70.00 in a report on Tuesday, January 7th. Bank of America increased their price objective on Dutch Bros from $61.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Jefferies Financial Group boosted their price objective on shares of Dutch Bros from $60.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Finally, TD Securities upped their price objective on shares of Dutch Bros from $65.00 to $89.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. One research 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. Based on data from MarketBeat.com, the stock currently has a consensus 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.