Travis Boersma Sells 302,700 Shares of Dutch Bros (NYSE:BROS) Stock

Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma sold 302,700 shares of Dutch Bros stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $58.27, for a total value of $17,638,329.00. Following the completion of the transaction, the chairman owned 3,088,601 shares in the company, valued at approximately $179,972,780.27. This represents a 8.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Travis Boersma also recently made the following trade(s):

• On Monday, June 1st, Travis Boersma sold 447,299 shares of Dutch Bros stock. The stock was sold at an average price of $58.26, for a total transaction of $26,059,639.74.
• On Thursday, May 28th, Travis Boersma sold 205,127 shares of Dutch Bros stock. The shares were sold at an average price of $56.16, for a total transaction of $11,519,932.32.
• On Wednesday, May 27th, Travis Boersma sold 544,872 shares of Dutch Bros stock. The shares were sold at an average price of $56.21, for a total transaction of $30,627,255.12.

Dutch Bros Price Performance

BROS stock opened at $56.63 on Thursday. The stock has a market cap of $9.89 billion, a price-to-earnings ratio of 88.48, a P/E/G ratio of 1.88 and a beta of 2.36. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 1.19. The company has a 50 day simple moving average of $53.50 and a 200 day simple moving average of $55.71. Dutch Bros Inc. has a 1 year low of $44.58 and a 1 year high of $77.88.

Dutch Bros (NYSE:BROS) last issued its earnings results on Wednesday, May 6th. The company reported $0.16 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.16. The firm had revenue of $464.41 million for the quarter, compared to analyst estimates of $449.70 million. Dutch Bros had a net margin of 4.61% and a return on equity of 9.42%. The company’s quarterly revenue was up 30.7% on a year-over-year basis. During the same quarter last year, the business posted $0.14 earnings per share. Research analysts anticipate that Dutch Bros Inc. will post 0.84 EPS for the current fiscal year.

Institutional Trading of Dutch Bros

Several institutional investors have recently added to or reduced their stakes in BROS. Osterweis Capital Management Inc. acquired a new stake in Dutch Bros during the 2nd quarter valued at approximately $27,000. Brown Lisle Cummings Inc. acquired a new position in shares of Dutch Bros in the 4th quarter worth approximately $31,000. Rakuten Securities Inc. lifted its position in shares of Dutch Bros by 557.4% in the 2nd quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock worth $31,000 after purchasing an additional 379 shares during the period. Ankerstar Wealth LLC bought a new stake in shares of Dutch Bros in the 4th quarter valued at $31,000. Finally, Quarry LP boosted its stake in shares of Dutch Bros by 83.5% in the 4th quarter. Quarry LP now owns 600 shares of the company’s stock valued at $37,000 after purchasing an additional 273 shares during the last quarter. 85.54% of the stock is currently owned by institutional investors.

Dutch Bros News Summary

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

• Positive Sentiment: UBS reportedly named Dutch Bros its favorite restaurant stock, reinforcing a bullish view on the company’s growth outlook and helping support sentiment around BROS. Dutch Bros is the favorite restaurant stock at UBS
• Positive Sentiment: Management highlighted an aggressive expansion plan at the William Blair Growth Stock Conference, with CEO comments pointing to a goal of 2,029 shops by 2029, which signals continued unit growth and market-share expansion. Dutch Bros Inc. (BROS) Presents at 46th Annual William Blair Growth Stock Conference Transcript
• Positive Sentiment: The company is also continuing geographic expansion, including plans to open its first central Ohio location this year, which supports the growth narrative investors have been rewarding. Dutch Bros to open first central Ohio location this year
• Neutral Sentiment: Recent conference comments and media coverage reinforce Dutch Bros’ long-term expansion strategy, but they did not add fresh financial results or near-term guidance changes. Dutch Bros conference transcript
• Negative Sentiment: Chairman Travis Boersma sold a large block of shares, which can weigh on investor confidence even though the trades were made under a pre-arranged 10b5-1 plan. SEC filing for Travis Boersma sale
• Negative Sentiment: Large shareholder Dm Individual Aggregator LLC also sold shares in multiple transactions, adding to the overhang from insider selling and potentially pressuring sentiment on BROS. SEC filing for Dm Individual Aggregator LLC sale

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BROS. Barclays reduced their price objective on Dutch Bros from $76.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, May 7th. Telsey Advisory Group assumed coverage on shares of Dutch Bros in a report on Wednesday, April 8th. They issued an “outperform” rating and a $66.00 price objective for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Dutch Bros in a report on Monday, April 20th. Citigroup raised their price target on shares of Dutch Bros from $84.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, TD Cowen reiterated a “buy” rating and set a $73.00 price target on shares of Dutch Bros in a report on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $76.00.

About Dutch Bros

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.