Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma Sells 471,718 Shares

Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma sold 471,718 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $75.91, for a total value of $35,808,113.38. Following the completion of the sale, the chairman now owns 2,310,834 shares in the company, valued at approximately $175,415,408.94. This represents a 16.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 value of $50,843,300.92.
• 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 value of $58,728,979.23.

Dutch Bros Stock Performance

BROS opened at $79.19 on Friday. The firm has a market cap of $12.21 billion, a PE ratio of 232.93, a P/E/G ratio of 4.23 and a beta of 2.73. 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 business has a fifty day simple moving average of $63.62 and a 200-day simple moving average of $47.51. Dutch Bros Inc. has a fifty-two week low of $26.85 and a fifty-two week high of $86.88.

Wall Street Analyst Weigh In

BROS has been the topic of several analyst reports. Barclays upgraded Dutch Bros from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $38.00 to $70.00 in a research report on Tuesday, January 7th. Piper Sandler raised their target price on Dutch Bros from $51.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Bank of America lifted their price target on Dutch Bros from $61.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Baird R W upgraded Dutch Bros from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Finally, Wedbush lifted their price target on Dutch Bros from $65.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Dutch Bros has a consensus rating of “Buy” and an average price target of $75.75.

Institutional Trading of Dutch Bros

Hedge funds and other institutional investors have recently modified their holdings of the business. R Squared Ltd acquired a new stake in shares of Dutch Bros in the fourth quarter worth $25,000. Coppell Advisory Solutions LLC boosted its position in shares of Dutch Bros by 638.6% in the fourth quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company’s stock worth $27,000 after buying an additional 447 shares during the period. Fortitude Family Office LLC acquired a new stake in shares of Dutch Bros in the fourth quarter worth $41,000. Bernard Wealth Management Corp. acquired a new stake in shares of Dutch Bros in the fourth quarter worth $43,000. Finally, Gould Capital LLC boosted its position in shares of Dutch Bros by 20.4% in the fourth quarter. Gould Capital LLC now owns 826 shares of the company’s stock worth $43,000 after buying an additional 140 shares during the period. 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.