Insider Selling: Dutch Bros Inc. (NYSE:BROS) Major Shareholder Sells 182,123 Shares of Stock

Dutch Bros Inc. (NYSE:BROS) major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $75.91, for a total transaction of $13,824,956.93. Following the sale, the insider now owns 2,310,834 shares in the company, valued at $175,415,408.94. The trade was a 7.31 % 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. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Monday, February 24th, Dm Individual Aggregator, Llc sold 262,537 shares of Dutch Bros stock. The shares were sold at an average price of $74.77, for a total transaction of $19,629,891.49.
• On Friday, February 21st, Dm Individual Aggregator, Llc sold 291,707 shares of Dutch Bros stock. The shares were sold at an average price of $77.73, for a total transaction of $22,674,385.11.

Dutch Bros Stock Performance

Dutch Bros stock opened at $79.19 on Friday. Dutch Bros Inc. has a twelve month low of $26.85 and a twelve month high of $86.88. 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’s 50-day moving average price is $63.62 and its 200-day moving average price is $47.51. The company has a market cap of $12.21 billion, a PE ratio of 232.93, a price-to-earnings-growth ratio of 4.23 and a beta of 2.73.

Hedge Funds Weigh In On Dutch Bros

A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Dutch Bros by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 10,184,514 shares of the company’s stock worth $533,465,000 after purchasing an additional 153,070 shares during the period. Baillie Gifford & Co. purchased a new position in shares of Dutch Bros during the 3rd quarter worth about $224,461,000. FMR LLC boosted its stake in shares of Dutch Bros by 98.1% during the 4th quarter. FMR LLC now owns 6,516,479 shares of the company’s stock worth $341,333,000 after purchasing an additional 3,227,435 shares during the period. D. E. Shaw & Co. Inc. boosted its stake in shares of Dutch Bros by 14.0% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 5,118,265 shares of the company’s stock worth $268,095,000 after purchasing an additional 627,875 shares during the period. Finally, Wasatch Advisors LP boosted its stake in shares of Dutch Bros by 232.1% during the 3rd quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock worth $132,229,000 after purchasing an additional 2,885,306 shares during the period. 85.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on BROS shares. Piper Sandler lifted their price target on shares of Dutch Bros from $51.00 to $70.00 and gave the company a “neutral” rating in a report 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 report on Monday, January 27th. TD Cowen lifted 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. Barclays upgraded shares of Dutch Bros from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $38.00 to $70.00 in a report on Tuesday, January 7th. Finally, Stifel Nicolaus lifted their price target on shares of Dutch Bros from $74.00 to $85.00 and gave the company a “buy” rating in a report on Friday. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Dutch Bros presently has a consensus rating of “Buy” and a consensus target price of $75.75.

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.