Key Points
- Major shareholder Dm Individual Aggregator, LLC sold 155,692 Dutch Bros shares on June 1 at an average price of $58.26, generating about $9.07 million. After the sale, it still held 2.93 million shares, and the trade was made under a pre-arranged Rule 10b5-1 plan.
- The shareholder had also been selling in prior sessions, including transactions on May 27, 28, and 29, indicating a broader recent reduction in its Dutch Bros stake. This adds to investor attention on insider selling at the company.
- Dutch Bros shares were trading around $57.94 when the article was published, with the stock down 1.6% on the day. The company also recently reported quarterly EPS in line with expectations and revenue above estimates, with sales up 30.7% year over year.
Dutch Bros Inc. (NYSE:BROS - Get Free Report) major shareholder Dm Individual Aggregator, Llc sold 105,362 shares of the company's stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $58.27, for a total value of $6,139,443.74. Following the completion of the sale, the insider owned 3,088,601 shares of the company's stock, valued at $179,972,780.27. This trade represents a 3.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.
Dm Individual Aggregator, Llc also recently made the following trade(s):
- On Monday, June 1st, Dm Individual Aggregator, Llc sold 155,692 shares of Dutch Bros stock. The shares were sold at an average price of $58.26, for a total value of $9,070,615.92.
- On Thursday, May 28th, Dm Individual Aggregator, Llc sold 71,399 shares of Dutch Bros stock. The stock was sold at an average price of $56.16, for a total value of $4,009,767.84.
- On Wednesday, May 27th, Dm Individual Aggregator, Llc sold 189,655 shares of Dutch Bros stock. The stock was sold at an average price of $56.21, for a total value of $10,660,507.55.
Dutch Bros Trading Down 1.6%
Shares of Dutch Bros stock opened at $57.94 on Wednesday. The firm has a market capitalization of $10.12 billion, a price-to-earnings ratio of 90.53, a PEG ratio of 1.91 and a beta of 2.36. Dutch Bros Inc. has a fifty-two week low of $44.58 and a fifty-two week high of $77.88. 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 stock has a 50 day moving average of $53.26 and a 200 day moving average of $55.70.
Dutch Bros (NYSE:BROS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. The company had revenue of $464.41 million during the quarter, compared to analyst estimates of $449.70 million. Dutch Bros had a return on equity of 9.42% and a net margin of 4.61%.The firm's revenue for the quarter was up 30.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.14 earnings per share. As a group, research analysts predict that Dutch Bros Inc. will post 0.83 earnings per share for the current year.
Analysts Set New Price Targets
Several brokerages recently weighed in on BROS. Morgan Stanley reiterated an "overweight" rating and issued a $87.00 price objective on shares of Dutch Bros in a research report on Thursday, May 7th. BNP Paribas Exane initiated coverage on Dutch Bros in a research report on Monday, March 30th. They issued an "outperform" rating and a $73.00 price objective for the company. Piper Sandler raised their price target on Dutch Bros from $59.00 to $61.00 and gave the stock a "neutral" rating in a research report on Thursday, May 7th. Citigroup raised their price target on Dutch Bros from $84.00 to $85.00 and gave the stock a "buy" rating in a research report on Thursday, May 7th. Finally, Telsey Advisory Group started coverage on Dutch Bros in a research report on Wednesday, April 8th. They set an "outperform" rating and a $66.00 price target for the company. 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, the stock has a consensus rating of "Moderate Buy" and an average price target of $76.00.
Get Our Latest Research Report on BROS
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of the company. Western Wealth Management LLC purchased a new position in shares of Dutch Bros during the first quarter worth $154,000. Bank of America Corp DE boosted its position in shares of Dutch Bros by 33.4% during the first quarter. Bank of America Corp DE now owns 1,814,815 shares of the company's stock worth $91,939,000 after buying an additional 454,036 shares during the period. Janus Henderson Group PLC boosted its holdings in Dutch Bros by 8.5% in the first quarter. Janus Henderson Group PLC now owns 58,916 shares of the company's stock valued at $2,987,000 after purchasing an additional 4,638 shares during the period. Arkadios Wealth Advisors purchased a new position in Dutch Bros in the first quarter valued at $249,000. Finally, California State Teachers Retirement System boosted its holdings in Dutch Bros by 19.2% in the first quarter. California State Teachers Retirement System now owns 147,011 shares of the company's stock valued at $7,448,000 after purchasing an additional 23,679 shares during the period. 85.54% of the stock is currently owned by hedge funds and other institutional investors.
Key Dutch Bros News
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
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Get Free Report)
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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