Dutch Bros (NYSE:BROS) Major Shareholder Sells $6,038,863.60 in Stock

Dutch Bros Inc. (NYSE:BROS - Get Free Report) major shareholder Dm Individual Aggregator, Llc sold 137,060 shares of the firm's stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $44.06, for a total transaction of $6,038,863.60. Following the completion of the transaction, the insider directly owned 1,725,864 shares of the company's stock, valued at approximately $76,041,567.84. The trade was a 7.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own at least 10% 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 Wednesday, November 4th, Dm Individual Aggregator, Llc sold 359,284 shares of Dutch Bros stock. The shares were sold at an average price of $44.73, for a total transaction of $16,070,773.32.
  • On Monday, November 2nd, Dm Individual Aggregator, Llc sold 335,136 shares of Dutch Bros stock. The stock was sold at an average price of $44.55, for a total transaction of $14,930,308.80.
  • On Friday, October 30th, Dm Individual Aggregator, Llc sold 20,008 shares of Dutch Bros stock. The stock was sold at an average price of $44.09, for a total value of $882,152.72.
  • On Thursday, October 29th, Dm Individual Aggregator, Llc sold 142,023 shares of Dutch Bros stock. The shares were sold at an average price of $44.03, for a total transaction of $6,253,272.69.
  • On Tuesday, October 20th, Dm Individual Aggregator, Llc sold 50,709 shares of Dutch Bros stock. The stock was sold at an average price of $44.01, for a total value of $2,231,703.09.

Dutch Bros Stock Up 0.7%




Shares of Dutch Bros stock opened at $43.90 on Thursday. The company's 50 day moving average price is $42.11 and its 200-day moving average price is $53.16. Dutch Bros Inc. has a 52-week low of $36.51 and a 52-week high of $74.02. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.19 and a current ratio of 1.35. The stock has a market capitalization of $7.67 billion, a price-to-earnings ratio of 60.97, a P/E/G ratio of 1.36 and a beta of 1.97.

Dutch Bros (NYSE:BROS - Get Free Report) last issued its quarterly earnings data on Wednesday, November 4th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. Dutch Bros had a net margin of 4.91% and a return on equity of 10.01%. The firm had revenue of $549.84 million during the quarter, compared to the consensus estimate of $548.27 million. During the same period in the prior year, the firm posted $0.19 earnings per share. The company's quarterly revenue was up 29.8% compared to the same quarter last year. Equities research analysts forecast that Dutch Bros Inc. will post 0.88 EPS for the current year.

Dutch Bros News Roundup

Here are the key news stories impacting Dutch Bros this week:

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Wells Fargo & Company reduced their price target on Dutch Bros from $70.00 to $55.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 21st. JPMorgan Chase & Co. decreased their target price on shares of Dutch Bros from $75.00 to $60.00 and set an "overweight" rating for the company in a research note on Tuesday, September 29th. KeyCorp dropped their price target on Dutch Bros from $79.00 to $59.00 and set an "overweight" rating on the stock in a research report on Friday, October 23rd. Royal Bank Of Canada downgraded Dutch Bros from an "outperform" rating to a "sector perform" rating and cut their price target for the stock from $70.00 to $46.00 in a research note on Thursday, October 22nd. Finally, TD Cowen lowered their price objective on Dutch Bros from $59.00 to $55.00 and set a "buy" rating for the company in a research note on Wednesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $66.08.

Get Our Latest Stock Report on Dutch Bros

Institutional Investors Weigh In On Dutch Bros

A number of large investors have recently made changes to their positions in BROS. Lido Advisors LLC bought a new stake in shares of Dutch Bros during the 3rd quarter valued at $803,000. D.B. Root & Company LLC raised its stake in shares of Dutch Bros by 43.7% in the third quarter. D.B. Root & Company LLC now owns 12,053 shares of the company's stock worth $465,000 after buying an additional 3,666 shares during the period. New York Life Investment Management LLC bought a new position in shares of Dutch Bros during the 3rd quarter valued at approximately $751,000. AlphaCore Capital LLC raised its stake in Dutch Bros by 48.1% during the 3rd quarter. AlphaCore Capital LLC now owns 16,419 shares of the company's stock worth $633,000 after acquiring an additional 5,331 shares during the period. Finally, Retirement Systems of Alabama raised its stake in Dutch Bros by 1.3% during the 3rd quarter. Retirement Systems of Alabama now owns 133,742 shares of the company's stock worth $5,157,000 after acquiring an additional 1,777 shares during the period. 85.54% of the stock is currently owned by institutional investors.

Dutch Bros Company Profile

(Get Free Report)

Dutch Bros Inc is a drive-thru beverage company that operates and franchises coffee shops across the United States. The company is known for its made-to-order drinks, fast service and community-focused brand.

Its menu includes hot, iced and blended coffee beverages, along with specialty drinks such as energy drinks, teas, lemonades, smoothies and other noncoffee refreshments. Dutch Bros also offers packaged products and branded merchandise through select locations and digital channels.

Dutch Bros was founded in 1992 in Grants Pass, Oregon, by brothers Dane and Travis Boersma.

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