Key Points
- Dutch Bros CEO Christine Barone sold 42,031 shares for about $2.53 million at an average price of $60.13, reducing her direct ownership by 48.53%. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- The company recently reported strong quarterly results, with EPS of $0.16 matching estimates and revenue of $464.41 million, up 30.7% year over year. Analysts still expect Dutch Bros to earn 0.84 EPS for the full fiscal year.
- Despite the insider sale, Wall Street remains bullish on Dutch Bros, with a consensus rating of “Moderate Buy” and an average target price of $76.00. Institutional ownership is also high, with hedge funds and other institutions holding 85.54% of shares.
Dutch Bros Inc. (NYSE:BROS - Get Free Report) CEO Christine Barone sold 42,031 shares of the firm's stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $60.13, for a total value of $2,527,324.03. Following the completion of the sale, the chief executive officer directly owned 44,573 shares in the company, valued at $2,680,174.49. This trade represents a 48.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Dutch Bros Stock Performance
NYSE:BROS opened at $65.03 on Friday. The stock's 50-day simple moving average is $54.57 and its 200 day simple moving average is $55.99. The firm has a market capitalization of $11.36 billion, a PE ratio of 101.62, a price-to-earnings-growth ratio of 1.95 and a beta of 2.36. The company has a quick ratio of 1.19, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. Dutch Bros Inc. has a twelve month low of $44.58 and a twelve month high of $74.65.
Dutch Bros (NYSE:BROS - Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. The company had revenue of $464.41 million during the quarter, compared to the consensus estimate of $449.70 million. Dutch Bros had a net margin of 4.61% and a return on equity of 9.42%. The company'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 earned $0.14 earnings per share. On average, analysts anticipate that Dutch Bros Inc. will post 0.84 EPS for the current fiscal year.
Institutional Investors Weigh In On Dutch Bros
A number of institutional investors and hedge funds have recently bought and sold shares of BROS. Envestnet Asset Management Inc. increased its holdings in Dutch Bros by 56.5% during the third quarter. Envestnet Asset Management Inc. now owns 109,530 shares of the company's stock worth $5,733,000 after buying an additional 39,561 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Dutch Bros by 31.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 204,705 shares of the company's stock valued at $10,714,000 after buying an additional 49,194 shares in the last quarter. Thornburg Investment Management Inc. raised its holdings in Dutch Bros by 143.9% during the 3rd quarter. Thornburg Investment Management Inc. now owns 77,711 shares of the company's stock valued at $4,067,000 after acquiring an additional 45,847 shares during the period. Magnetar Financial LLC raised its holdings in Dutch Bros by 107.2% during the 3rd quarter. Magnetar Financial LLC now owns 140,590 shares of the company's stock valued at $7,358,000 after acquiring an additional 72,751 shares during the period. Finally, M&T Bank Corp raised its holdings in Dutch Bros by 1,559.3% during the 4th quarter. M&T Bank Corp now owns 97,334 shares of the company's stock valued at $5,959,000 after acquiring an additional 91,468 shares during the period. 85.54% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on the stock. Royal Bank Of Canada reiterated an "outperform" rating on shares of Dutch Bros in a research report on Wednesday, May 20th. KeyCorp boosted their target price on shares of Dutch Bros from $77.00 to $79.00 and gave the company an "overweight" rating in a report on Thursday, May 7th. Barclays dropped their target price on shares of Dutch Bros from $76.00 to $75.00 and set an "overweight" rating on the stock in a report on Thursday, May 7th. TD Cowen reaffirmed a "buy" rating and set a $73.00 price objective on shares of Dutch Bros in a research report on Wednesday. Finally, UBS Group reaffirmed a "buy" rating on shares of Dutch Bros in a research report on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Dutch Bros currently has a consensus rating of "Moderate Buy" and a consensus target price of $76.00.
Get Our Latest Stock Analysis on BROS
Dutch Bros Company Profile
(
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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