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 that occurred 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 completion of the sale, the chairman now owns 15,610 shares of the company’s stock, valued at $522,622.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 transaction of $9,528,721.56.
• On Monday, October 28th, Travis Boersma sold 80,720 shares of Dutch Bros stock. The shares were sold at an average price of $36.03, for a total transaction 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 value 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 value of $326,836.10.
• On Monday, September 9th, Travis Boersma sold 280,518 shares of Dutch Bros stock. The stock was sold at an average price of $32.36, for a total value of $9,077,562.48.
• On Thursday, September 5th, Travis Boersma sold 3,600 shares of Dutch Bros stock. The stock was sold at an average price of $32.00, for a total transaction of $115,200.00.
• On Friday, August 23rd, Travis Boersma sold 800 shares of Dutch Bros stock. The shares were sold at an average price of $32.00, for a total transaction of $25,600.00.
• On Monday, August 19th, Travis Boersma sold 426,891 shares of Dutch Bros stock. The stock was sold at an average price of $31.59, for a total transaction of $13,485,486.69.

Dutch Bros Price Performance

Shares of BROS traded up $0.63 during trading hours on Tuesday, hitting $33.64. 2,621,981 shares of the stock were exchanged, compared to its average volume of 2,694,512. The stock’s 50-day moving average price is $33.13 and its two-hundred day moving average price is $34.90. Dutch Bros Inc. has a 12-month low of $25.46 and a 12-month high of $43.49. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.88 and a current ratio of 2.19. The company has a market cap of $5.19 billion, a price-to-earnings ratio of 133.28, a price-to-earnings-growth ratio of 3.68 and a beta of 2.47.

Dutch Bros (NYSE:BROS) last issued its earnings results on Wednesday, August 7th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. The business had revenue of $324.92 million during the quarter, compared to analysts’ expectations of $317.39 million. Dutch Bros had a net margin of 1.95% and a return on equity of 3.99%. The company’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.07 earnings per share. Research analysts expect that Dutch Bros Inc. will post 0.33 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Aigen Investment Management LP lifted its position in Dutch Bros by 4.7% in the third quarter. Aigen Investment Management LP now owns 52,053 shares of the company’s stock valued at $1,667,000 after buying an additional 2,347 shares during the last quarter. Baillie Gifford & Co. purchased a new stake in shares of Dutch Bros in the 3rd quarter valued at approximately $224,461,000. Chartwell Investment Partners LLC lifted its holdings in shares of Dutch Bros by 56.0% in the 3rd quarter. Chartwell Investment Partners LLC now owns 14,742 shares of the company’s stock worth $472,000 after acquiring an additional 5,293 shares during the last quarter. State of New Jersey Common Pension Fund D grew its stake in shares of Dutch Bros by 23.3% in the third quarter. State of New Jersey Common Pension Fund D now owns 62,891 shares of the company’s stock valued at $2,014,000 after buying an additional 11,880 shares in the last quarter. Finally, Covestor Ltd grew its position in Dutch Bros by 355.6% in the 3rd quarter. Covestor Ltd now owns 3,663 shares of the company’s stock valued at $117,000 after acquiring an additional 2,859 shares in the last quarter. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on BROS shares. Stifel Nicolaus cut their price target 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. Guggenheim raised shares of Dutch Bros from a “neutral” rating to a “buy” rating in a report on Thursday, August 8th. Robert W. Baird decreased their price objective on shares of Dutch Bros from $42.00 to $37.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. TD Cowen reaffirmed a “buy” rating and issued a $47.00 price target on shares of Dutch Bros in a report on Thursday, September 12th. Finally, UBS Group upgraded Dutch Bros from a “neutral” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Thursday, August 15th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Dutch Bros has an average rating of “Moderate Buy” and an average price target of $40.20.

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.