Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma Sells 679,996 Shares

Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma sold 679,996 shares of the firm’s stock in a transaction that occurred 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 sale, the chairman now directly owns 2,640,779 shares in the company, valued at approximately $197,451,045.83. This trade represents a 20.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 Trading Down 3.0 %

NYSE BROS opened at $73.05 on Wednesday. The firm’s fifty day moving average is $62.66 and its two-hundred day moving average is $47.11. Dutch Bros Inc. has a one year low of $26.85 and a one year high of $86.88. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.76. The firm has a market cap of $11.26 billion, a PE ratio of 214.85, a P/E/G ratio of 4.23 and a beta of 2.73.

Hedge Funds Weigh In On Dutch Bros

Several institutional investors have recently added to or reduced their stakes in BROS. Gould Capital LLC lifted its position in 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 acquiring an additional 140 shares during the period. Amalgamated Bank raised its stake in shares of Dutch Bros by 3.6% during the fourth quarter. Amalgamated Bank now owns 6,268 shares of the company’s stock worth $328,000 after purchasing an additional 220 shares during the last quarter. Arizona State Retirement System increased its stake in Dutch Bros by 0.8% in the 4th quarter. Arizona State Retirement System now owns 33,033 shares of the company’s stock valued at $1,730,000 after buying an additional 260 shares during the period. Treasurer of the State of North Carolina raised its position in Dutch Bros by 0.6% during 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 during the last quarter. Finally, Hollencrest Capital Management lifted its stake 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 acquiring an additional 314 shares during the period. Institutional investors and hedge funds own 85.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on BROS. UBS Group increased their target price on Dutch Bros from $67.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, February 13th. TD Securities increased their price objective on Dutch Bros from $65.00 to $89.00 and gave the company a “buy” rating in a report on Thursday, February 13th. William Blair restated an “outperform” rating on shares of Dutch Bros in a research note on Tuesday, December 17th. Barclays upgraded shares of Dutch Bros from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $38.00 to $70.00 in a research note on Tuesday, January 7th. Finally, Baird R W upgraded shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. One analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company 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.