Dm Individual Aggregator, Llc Sells 155,692 Shares of Dutch Bros (NYSE:BROS) Stock

Dutch Bros Inc. (NYSE:BROS) major shareholder Dm Individual Aggregator, Llc sold 155,692 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $58.26, for a total transaction of $9,070,615.92. Following the completion of the sale, the insider owned 2,932,909 shares in the company, valued at $170,871,278.34. This represents a 5.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Dm Individual Aggregator, Llc also recently made the following trade(s):

• On Friday, May 29th, Dm Individual Aggregator, Llc sold 105,362 shares of Dutch Bros stock. The stock was sold at an average price of $58.27, for a total transaction of $6,139,443.74.
• On Thursday, May 28th, Dm Individual Aggregator, Llc sold 71,399 shares of Dutch Bros stock. The shares were sold at an average price of $56.16, for a total transaction of $4,009,767.84.
• On Wednesday, May 27th, Dm Individual Aggregator, Llc sold 189,655 shares of Dutch Bros stock. The shares were sold at an average price of $56.21, for a total transaction of $10,660,507.55.

Dutch Bros Trading Down 2.1%

BROS opened at $56.63 on Thursday. The firm’s fifty day moving average is $53.50 and its two-hundred day moving average is $55.71. The firm has a market cap 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 Inc. has a twelve month low of $44.58 and a twelve month high of $77.88. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.19 and a current ratio of 1.33.

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

More Dutch Bros News

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on BROS shares. DA Davidson reiterated a “buy” rating and issued a $75.00 price objective on shares of Dutch Bros in a research report on Monday. 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 report on Monday, March 2nd. BNP Paribas Exane initiated coverage on shares of Dutch Bros in a research note on Monday, March 30th. They issued an “outperform” rating and a $73.00 price target on the stock. Barclays reduced their price target on shares of Dutch Bros from $76.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday, May 7th. Finally, KeyCorp raised their price objective on shares of Dutch Bros from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $76.00.

Hedge Funds Weigh In On Dutch Bros

Several hedge funds and other institutional investors have recently made changes to their positions in BROS. Parallel Advisors LLC increased its holdings in Dutch Bros by 19.8% during the first quarter. Parallel Advisors LLC now owns 12,978 shares of the company’s stock worth $657,000 after buying an additional 2,145 shares during the last quarter. Western Wealth Management LLC bought a new position in shares of Dutch Bros in the 1st quarter valued at about $154,000. Bank of America Corp DE grew its position in shares of Dutch Bros by 33.4% in the 1st quarter. Bank of America Corp DE now owns 1,814,815 shares of the company’s stock valued at $91,939,000 after acquiring an additional 454,036 shares during the period. Janus Henderson Group PLC increased its stake in shares of Dutch Bros by 8.5% during the 1st quarter. Janus Henderson Group PLC now owns 58,916 shares of the company’s stock worth $2,987,000 after purchasing an additional 4,638 shares during the last quarter. Finally, Arkadios Wealth Advisors bought a new stake in shares of Dutch Bros in the 1st quarter valued at about $249,000. 85.54% of the stock is owned by institutional investors.

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.