Dutch Bros (NYSE:BROS) Major Shareholder Dm Individual Aggregator, Llc Sells 335,136 Shares of Stock

by · The Markets Daily

Dutch Bros Inc. (NYSE:BROS – Get Free Report) major shareholder Dm Individual Aggregator, Llc sold 335,136 shares of the firm’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $44.55, for a total value of $14,930,308.80. Following the completion of the sale, the insider directly owned 1,862,924 shares in the company, valued at approximately $82,993,264.20. The trade was a 15.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 stock was sold at an average price of $44.73, for a total value of $16,070,773.32.
  • On Tuesday, November 3rd, Dm Individual Aggregator, Llc sold 137,060 shares of Dutch Bros stock. The stock was sold at an average price of $44.06, for a total transaction of $6,038,863.60.
  • 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 transaction 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 shares were sold at an average price of $44.01, for a total transaction of $2,231,703.09.

Dutch Bros Price Performance

Dutch Bros stock traded up $0.32 during mid-day trading on Wednesday, hitting $43.90. 9,753,712 shares of the company traded hands, compared to its average volume of 4,395,353. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.19 and a current ratio of 1.35. Dutch Bros Inc. has a one year low of $36.51 and a one year high of $74.02. The stock has a market cap of $7.67 billion, a price-to-earnings ratio of 62.26, a price-to-earnings-growth ratio of 1.36 and a beta of 1.97. The stock has a fifty day moving average price of $42.11 and a 200-day moving average price of $53.16.

Dutch Bros (NYSE:BROS – Get Free Report) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The firm had revenue of $549.84 million for the quarter, compared to analyst estimates of $548.27 million. Dutch Bros had a net margin of 4.91% and a return on equity of 10.01%. The business’s revenue for the quarter was up 29.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.19 EPS. On average, equities analysts predict that Dutch Bros Inc. will post 0.88 earnings per share for the current fiscal year.

More Dutch Bros News

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

Institutional Investors Weigh In On Dutch Bros

Institutional investors have recently made changes to their positions in the business. Hyperion Asset Management Ltd bought a new position in shares of Dutch Bros during the 2nd quarter valued at $42,946,000. Empowered Funds LLC bought a new stake in Dutch Bros in the first quarter worth $1,309,000. Independent Financial Group LLC bought a new stake in Dutch Bros in the first quarter worth $1,164,000. California State Teachers Retirement System lifted its stake 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 worth $7,448,000 after purchasing an additional 23,679 shares during the last quarter. Finally, Entropy Technologies LP purchased a new stake in Dutch Bros during the first quarter valued at about $2,112,000. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on BROS. Jefferies Financial Group reduced their target price on Dutch Bros from $75.00 to $60.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 29th. Stephens dropped their price target on Dutch Bros from $80.00 to $65.00 and set an “overweight” rating for the company in a research note on Thursday, October 15th. Mizuho dropped their price target on Dutch Bros from $80.00 to $65.00 and set an “outperform” rating for the company in a research note on Friday, October 30th. Morgan Stanley cut their price objective on Dutch Bros from $88.00 to $71.00 and set an “overweight” rating for the company in a report on Thursday, October 15th. Finally, JPMorgan Chase & Co. reduced their price objective on Dutch Bros from $75.00 to $60.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $66.08.

View Our Latest Stock Analysis on BROS

About Dutch Bros

(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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