Dutch Bros Inc. (NYSE:BROS – Get Free Report) Chairman Travis Boersma sold 447,299 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $58.26, for a total transaction of $26,059,639.74. Following the transaction, the chairman owned 2,932,909 shares in the company, valued at approximately $170,871,278.34. This represents a 13.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Travis Boersma also recently made the following trade(s):
- On Friday, May 29th, Travis Boersma sold 302,700 shares of Dutch Bros stock. The shares were sold at an average price of $58.27, for a total transaction of $17,638,329.00.
- On Thursday, May 28th, Travis Boersma sold 205,127 shares of Dutch Bros stock. The shares were sold at an average price of $56.16, for a total transaction of $11,519,932.32.
- On Wednesday, May 27th, Travis Boersma sold 544,872 shares of Dutch Bros stock. The shares were sold at an average price of $56.21, for a total transaction of $30,627,255.12.
Dutch Bros Price Performance
NYSE BROS opened at $57.94 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.19 and a current ratio of 1.33. The firm’s 50 day moving average price is $53.26 and its 200-day moving average price is $55.70. Dutch Bros Inc. has a 52-week low of $44.58 and a 52-week high of $77.88. The company has a market cap of $10.12 billion, a PE ratio of 90.53, a P/E/G ratio of 1.91 and a beta of 2.36.
Analyst Ratings Changes
A number of research firms have recently issued reports on BROS. Piper Sandler increased their price objective on shares of Dutch Bros from $59.00 to $61.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. TD Cowen reiterated a “buy” rating and set a $73.00 price objective on shares of Dutch Bros in a research note on Wednesday, May 20th. Telsey Advisory Group initiated coverage on shares of Dutch Bros in a research note on Wednesday, April 8th. They issued an “outperform” rating and a $66.00 target price for the company. Citigroup raised their target price on shares of Dutch Bros from $84.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, DA Davidson restated a “buy” rating and issued a $75.00 target price on shares of Dutch Bros in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Dutch Bros has a consensus rating of “Moderate Buy” and a consensus target price of $76.00.
Get Our Latest Research Report on BROS
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in BROS. Integrated Wealth Concepts LLC purchased a new position in shares of Dutch Bros in the first quarter worth $318,000. Empowered Funds LLC raised its holdings in shares of Dutch Bros by 15.9% in the first quarter. Empowered Funds LLC now owns 33,843 shares of the company’s stock worth $2,089,000 after buying an additional 4,633 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Dutch Bros by 7.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 305,714 shares of the company’s stock worth $18,875,000 after buying an additional 22,323 shares during the last quarter. California Public Employees Retirement System raised its holdings in shares of Dutch Bros by 24.2% in the second quarter. California Public Employees Retirement System now owns 198,895 shares of the company’s stock worth $13,598,000 after buying an additional 38,697 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of Dutch Bros by 6.6% in the second quarter. State Street Corp now owns 1,978,441 shares of the company’s stock worth $135,266,000 after buying an additional 121,683 shares during the last quarter. Hedge funds and other institutional investors own 85.54% of the company’s stock.
Key Headlines Impacting Dutch Bros
Here are the key news stories impacting Dutch Bros this week:
- Positive Sentiment: Dutch Bros reiterated a major expansion runway at the William Blair Growth Stock Conference, with CEO comments pointing to a goal of reaching 2,029 shops by 2029, signaling confidence in long-term unit growth and market share gains. Dutch Bros Inc. (BROS) Presents at 46th Annual William Blair Growth Stock Conference Transcript
- Positive Sentiment: The company is also expanding its footprint geographically, including plans to open its first central Ohio location this year, which supports the growth narrative investors have been pricing into the stock. Dutch Bros to open first central Ohio location this year
- Neutral Sentiment: Management’s conference appearance likely reinforced investor focus on Dutch Bros’ store expansion strategy and operating momentum, but no new financial results were provided in the transcript headline itself. Dutch Bros Inc. (BROS) Presents at 46th Annual William Blair Growth Stock Conference Transcript
- Negative Sentiment: Chairman Travis Boersma sold 447,299 shares for about $26.1 million, a sizable reduction in his position, which can weigh on sentiment even though the sale was made under a pre-arranged trading plan. SEC filing for Travis Boersma sale
- Negative Sentiment: Dm Individual Aggregator LLC also sold shares in two separate transactions, adding to the overhang from insider and large-holder selling that investors may interpret as a lack of near-term upside conviction. SEC filing for Dm Individual Aggregator LLC sale
Dutch Bros Company Profile
Dutch Bros Coffee, trading on the NYSE under the ticker BROS, is an American drive-through coffee chain known for its quick-service model and community-focused brand. Founded in 1992 by brothers Dane and Travis Boersma in Grants Pass, Oregon, the company began as a single coffee stand and has since expanded its footprint across numerous U.S. markets. Dutch Bros specializes in handcrafted espresso drinks, drip coffee, cold brew, energy drinks, smoothies, teas, and a variety of signature “Dutch Freeze” and “Dutch Frost” blended beverages.
The company operates a mix of company-owned and franchised locations, placing a strong emphasis on speed and customer engagement.
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