Travis Boersma Sells 447,299 Shares of Dutch Bros (NYSE:BROS) Stock

Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma sold 447,299 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $58.26, for a total transaction of $26,059,639.74. Following the completion of the transaction, the chairman owned 2,932,909 shares of the company’s stock, valued at approximately $170,871,278.34. This represents a 13.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, May 29th, Travis Boersma sold 302,700 shares of Dutch Bros stock. The shares were sold at an average price of $58.27, for a total transaction of $17,638,329.00.
• 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 stock was sold at an average price of $56.21, for a total transaction of $30,627,255.12.

Dutch Bros Price Performance

NYSE:BROS opened at $56.63 on Thursday. 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 52 week low of $44.58 and a 52 week high of $77.88. The stock’s 50-day moving average price is $53.50 and its 200-day moving average price is $55.71. The stock has a market capitalization of $9.89 billion, a PE ratio of 88.48, a price-to-earnings-growth ratio of 1.88 and a beta of 2.36.

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

Key Stories Impacting Dutch Bros

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

Analyst Upgrades and Downgrades

BROS has been the topic of several research analyst reports. The Goldman Sachs Group upgraded shares of Dutch Bros from a “neutral” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Monday, March 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Dutch Bros in a research note on Monday, April 20th. KeyCorp raised their target price on Dutch Bros from $77.00 to $79.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Dutch Bros in a research note on Wednesday, May 20th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $87.00 price objective on shares of Dutch Bros in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $76.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of BROS. Integrated Wealth Concepts LLC purchased a new position in Dutch Bros during the first quarter worth about $318,000. Empowered Funds LLC increased its holdings in shares of Dutch Bros by 15.9% during the 1st quarter. Empowered Funds LLC now owns 33,843 shares of the company’s stock worth $2,089,000 after buying an additional 4,633 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Dutch Bros by 7.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 305,714 shares of the company’s stock valued at $18,875,000 after buying an additional 22,323 shares during the period. California Public Employees Retirement System lifted its holdings in Dutch Bros by 24.2% in the second quarter. California Public Employees Retirement System now owns 198,895 shares of the company’s stock valued at $13,598,000 after acquiring an additional 38,697 shares during the last quarter. Finally, State Street Corp grew its position in Dutch Bros by 6.6% in the second quarter. State Street Corp now owns 1,978,441 shares of the company’s stock worth $135,266,000 after acquiring an additional 121,683 shares during the period. Institutional investors and hedge funds own 85.54% of the company’s stock.

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.