Dutch Bros Inc. (NYSE:BROS – Get Free Report) Chairman Travis Boersma sold 749,999 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $60.39, for a total value of $45,292,439.61. Following the sale, the chairman directly owned 2,671,855 shares in the company, valued at approximately $161,353,323.45. This represents a 21.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Travis Boersma also recently made the following trade(s):
- On Thursday, June 11th, Travis Boersma sold 750,000 shares of Dutch Bros stock. The stock was sold at an average price of $63.02, for a total value of $47,265,000.00.
- On Monday, June 1st, Travis Boersma sold 447,299 shares of Dutch Bros stock. The stock was sold at an average price of $58.26, for a total value of $26,059,639.74.
- On Friday, May 29th, Travis Boersma sold 302,700 shares of Dutch Bros stock. The stock was sold at an average price of $58.27, for a total value of $17,638,329.00.
- On Thursday, May 28th, Travis Boersma sold 205,127 shares of Dutch Bros stock. The stock was sold at an average price of $56.16, for a total value of $11,519,932.32.
- On Wednesday, May 27th, Travis Boersma sold 544,872 shares of Dutch Bros stock. The stock was sold at an average price of $56.21, for a total value of $30,627,255.12.
Dutch Bros Stock Up 1.9%
NYSE BROS traded up $1.21 during trading hours on Friday, hitting $66.24. 2,149,495 shares of the company traded hands, compared to its average volume of 4,591,641. 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 business’s 50-day moving average is $54.57 and its 200-day moving average is $55.99. The stock has a market capitalization of $11.57 billion, a price-to-earnings ratio of 103.50, a P/E/G ratio of 1.95 and a beta of 2.36. Dutch Bros Inc. has a twelve month low of $44.58 and a twelve month high of $74.65.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC bought a new position in Dutch Bros during the 1st quarter worth $318,000. Empowered Funds LLC raised its position in Dutch Bros by 15.9% during the 1st quarter. Empowered Funds LLC now owns 33,843 shares of the company’s stock worth $2,089,000 after purchasing 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 Dutch Bros by 7.9% during the 1st 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 purchasing an additional 22,323 shares during the last quarter. California Public Employees Retirement System raised its holdings in Dutch Bros by 24.2% during the 2nd quarter. California Public Employees Retirement System now owns 198,895 shares of the company’s stock worth $13,598,000 after purchasing an additional 38,697 shares during the last quarter. Finally, State Street Corp raised its holdings in Dutch Bros by 6.6% during the 2nd quarter. State Street Corp now owns 1,978,441 shares of the company’s stock worth $135,266,000 after purchasing an additional 121,683 shares during the last quarter. 85.54% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research analysts have weighed in on the company. KeyCorp raised their price target on Dutch Bros from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Wolfe Research started coverage on Dutch Bros in a research note on Monday, March 9th. They issued an “outperform” rating and a $77.00 price objective on the stock. DA Davidson restated a “buy” rating and issued a $75.00 price objective on shares of Dutch Bros in a research note on Monday, June 1st. The Goldman Sachs Group upgraded Dutch Bros from a “neutral” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Monday, March 2nd. Finally, Morgan Stanley restated an “overweight” rating and issued a $87.00 price objective on shares of Dutch Bros in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Dutch Bros presently has an average rating of “Moderate Buy” and an average target price of $76.00.
Get Our Latest Stock Report on Dutch Bros
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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