Dutch Bros Inc. (NYSE:BROS) Chairman Sells $50,843,300.92 in Stock

Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma sold 679,996 shares of Dutch Bros stock in a transaction on 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 completion of the transaction, the chairman now directly owns 2,640,779 shares in the company, valued at $197,451,045.83. The trade was a 20.48 % 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 link.

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 Stock Performance

NYSE:BROS opened at $75.43 on Thursday. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. Dutch Bros Inc. has a fifty-two week low of $26.85 and a fifty-two week high of $86.88. The stock has a market cap of $11.63 billion, a PE ratio of 221.87, a price-to-earnings-growth ratio of 4.23 and a beta of 2.73. The firm’s fifty day simple moving average is $63.14 and its 200-day simple moving average is $47.31.

Hedge Funds Weigh In On Dutch Bros

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Gould Capital LLC grew its stake in shares of Dutch Bros by 20.4% during the 4th quarter. Gould Capital LLC now owns 826 shares of the company’s stock worth $43,000 after purchasing an additional 140 shares during the period. Amalgamated Bank boosted its position in shares of Dutch Bros by 3.6% in the 4th quarter. Amalgamated Bank now owns 6,268 shares of the company’s stock worth $328,000 after buying an additional 220 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Dutch Bros by 0.8% in the 4th quarter. Arizona State Retirement System now owns 33,033 shares of the company’s stock worth $1,730,000 after buying an additional 260 shares in the last quarter. Treasurer of the State of North Carolina boosted its position in shares of Dutch Bros by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 48,050 shares of the company’s stock worth $2,517,000 after buying an additional 310 shares in the last quarter. Finally, Hollencrest Capital Management boosted its position in shares of Dutch Bros by 52.3% in the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after buying an additional 314 shares in the last quarter. 85.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BROS. UBS Group lifted their target price on shares of Dutch Bros from $67.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Robert W. Baird lifted their target price on shares of Dutch Bros from $70.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Stifel Nicolaus lifted their target price on shares of Dutch Bros from $62.00 to $74.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Barclays raised shares of Dutch Bros from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $38.00 to $70.00 in a research note on Tuesday, January 7th. Finally, 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. 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 stock. Based on data from MarketBeat.com, Dutch Bros 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.