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 firm’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $77.73, for a total transaction of $58,728,979.23. Following the sale, the chairman now owns 2,903,316 shares in the company, valued at $225,674,752.68. The trade was a 20.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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.

Dutch Bros Price Performance

BROS stock opened at $75.43 on Thursday. The stock has a market cap of $11.63 billion, a PE ratio of 221.87, a P/E/G 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 50-day moving average price of $63.14 and a 200 day moving average price of $47.31. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Baird R W raised shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Bank of America raised their target price on shares of Dutch Bros from $61.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Wedbush raised their target price on shares of Dutch Bros from $65.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. UBS Group raised their target price on shares of Dutch Bros from $67.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Finally, Piper Sandler raised their target price on shares of Dutch Bros from $51.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Dutch Bros has a consensus rating of “Buy” and an average price target of $74.83.

Hedge Funds Weigh In On Dutch Bros

Hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new position in Dutch Bros during the 3rd quarter valued at about $573,000. Baillie Gifford & Co. bought a new position in Dutch Bros during the 3rd quarter valued at about $224,461,000. Charles Schwab Investment Management Inc. grew its holdings in Dutch Bros by 35.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 687,527 shares of the company’s stock valued at $22,021,000 after purchasing an additional 181,636 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Dutch Bros by 38.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 212,834 shares of the company’s stock valued at $6,817,000 after purchasing an additional 58,623 shares during the last quarter. Finally, Clear Creek Financial Management LLC bought a new position in Dutch Bros during the 4th quarter valued at about $288,000. 85.54% of the stock is currently owned by institutional investors.

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.