Key Points
- Dm Individual Aggregator, LLC sold 317,125 shares on Nov. 24 at an average of $53.41 (~$16.94M) and another 648,089 shares on Nov. 25 at $55.44 (~$35.93M), cutting its stake by 32.52% to 657,906 shares (≈$35.14M).
- Dutch Bros beat recent quarterly expectations with $0.19 EPS vs. $0.17 est. and $423.58M revenue vs. $414.81M, as revenue grew 25.3% year-over-year.
- The stock trades near $58 with a market cap of about $9.6B and a high P/E (~116.6); analysts give a consensus "Moderate Buy" and an average target price of $76.72.
Dutch Bros Inc. (NYSE:BROS - Get Free Report) major shareholder Dm Individual Aggregator, Llc sold 317,125 shares of the company's stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $53.41, for a total transaction of $16,937,646.25. Following the completion of the transaction, the insider owned 657,906 shares in the company, valued at approximately $35,138,759.46. This represents a 32.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.
Dm Individual Aggregator, Llc also recently made the following trade(s):
- On Tuesday, November 25th, Dm Individual Aggregator, Llc sold 648,089 shares of Dutch Bros stock. The shares were sold at an average price of $55.44, for a total value of $35,930,054.16.
Dutch Bros Stock Up 1.6%
NYSE:BROS opened at $58.28 on Thursday. Dutch Bros Inc. has a 52 week low of $47.16 and a 52 week high of $86.88. The stock's fifty day moving average is $54.25 and its two-hundred day moving average is $62.45. The stock has a market capitalization of $9.59 billion, a price-to-earnings ratio of 116.57, a price-to-earnings-growth ratio of 2.96 and a beta of 2.56. The company has a quick ratio of 1.32, a current ratio of 1.52 and a debt-to-equity ratio of 0.68.
Dutch Bros (NYSE:BROS - Get Free Report) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of $0.17 by $0.02. The business had revenue of $423.58 million during the quarter, compared to analysts' expectations of $414.81 million. Dutch Bros had a return on equity of 8.91% and a net margin of 4.04%.The company's revenue was up 25.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.16 earnings per share. Dutch Bros has set its FY 2025 guidance at EPS. Research analysts anticipate that Dutch Bros Inc. will post 0.57 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Wedmont Private Capital increased its position in shares of Dutch Bros by 3.0% in the 2nd quarter. Wedmont Private Capital now owns 5,473 shares of the company's stock valued at $363,000 after purchasing an additional 158 shares during the last quarter. RiverPark Advisors LLC lifted its position in shares of Dutch Bros by 4.8% during the 2nd quarter. RiverPark Advisors LLC now owns 3,966 shares of the company's stock worth $271,000 after purchasing an additional 181 shares during the last quarter. KLP Kapitalforvaltning AS grew its stake in shares of Dutch Bros by 0.8% during the third quarter. KLP Kapitalforvaltning AS now owns 25,200 shares of the company's stock worth $1,319,000 after purchasing an additional 200 shares in the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of Dutch Bros by 1.1% during the third quarter. Oppenheimer & Co. Inc. now owns 18,625 shares of the company's stock worth $975,000 after purchasing an additional 200 shares in the last quarter. Finally, Moody Lynn & Lieberson LLC increased its holdings in Dutch Bros by 3.9% in the third quarter. Moody Lynn & Lieberson LLC now owns 5,382 shares of the company's stock valued at $282,000 after buying an additional 204 shares during the last quarter. Hedge funds and other institutional investors own 85.54% of the company's stock.
Analyst Ratings Changes
A number of analysts have issued reports on the stock. The Goldman Sachs Group cut their price target on shares of Dutch Bros from $81.00 to $72.00 and set a "neutral" rating on the stock in a research note on Tuesday, September 30th. Wells Fargo & Company cut their target price on shares of Dutch Bros from $80.00 to $70.00 and set an "overweight" rating on the stock in a research note on Thursday, October 16th. Piper Sandler reduced their target price on shares of Dutch Bros from $73.00 to $63.00 and set a "neutral" rating on the stock in a report on Thursday, November 6th. Stifel Nicolaus decreased their price target on shares of Dutch Bros from $82.00 to $75.00 and set a "buy" rating for the company in a research report on Friday, October 31st. Finally, Barclays upped their price objective on Dutch Bros from $65.00 to $72.00 and gave the stock an "overweight" rating in a research report on Thursday, November 6th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $76.72.
Read Our Latest Stock Analysis on Dutch Bros
About Dutch Bros
(
Get Free Report)
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.
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