Dutch Bros Inc. (NYSE:BROS - Get Free Report) major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $74.77, for a total value of $19,629,891.49. Following the sale, the insider now directly owns 2,640,779 shares in the company, valued at approximately $197,451,045.83. This trade represents a 9.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Major shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.
Dm Individual Aggregator, Llc also recently made the following trade(s):
- On Friday, February 21st, Dm Individual Aggregator, Llc sold 291,707 shares of Dutch Bros stock. The shares were sold at an average price of $77.73, for a total value of $22,674,385.11.
Dutch Bros Trading Down 3.0 %
Shares of BROS stock opened at $73.05 on Wednesday. Dutch Bros Inc. has a twelve month low of $26.85 and a twelve month high of $86.88. The stock's fifty day simple moving average is $62.66 and its 200 day simple moving average is $47.11. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $11.26 billion, a P/E ratio of 214.85, a P/E/G ratio of 4.23 and a beta of 2.73.
Wall Street Analyst Weigh In
Several equities analysts have commented on the stock. Robert W. Baird raised their target price on shares of Dutch Bros from $70.00 to $95.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Jefferies Financial Group lifted their price objective on shares of Dutch Bros from $60.00 to $69.00 and gave the company a "buy" rating in a research note on Wednesday, January 15th. Wedbush upped their target price on Dutch Bros from $65.00 to $100.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. TD Securities raised their target price on Dutch Bros from $65.00 to $89.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Finally, UBS Group boosted their price target on Dutch Bros from $67.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Dutch Bros has an average rating of "Buy" and a consensus price target of $74.83.
View Our Latest Research Report on Dutch Bros
Institutional Trading of Dutch Bros
Several hedge funds and other institutional investors have recently made changes to their positions in BROS. Creative Planning boosted its position in Dutch Bros by 62.3% during the 3rd quarter. Creative Planning now owns 12,451 shares of the company's stock worth $399,000 after buying an additional 4,778 shares during the period. Private Advisor Group LLC raised its stake in shares of Dutch Bros by 269.1% during the third quarter. Private Advisor Group LLC now owns 24,924 shares of the company's stock valued at $798,000 after acquiring an additional 18,171 shares during the last quarter. Hedges Asset Management LLC lifted its holdings in shares of Dutch Bros by 28.1% during the third quarter. Hedges Asset Management LLC now owns 11,400 shares of the company's stock worth $365,000 after purchasing an additional 2,500 shares during the period. US Bancorp DE grew its stake in shares of Dutch Bros by 8.9% in the third quarter. US Bancorp DE now owns 11,224 shares of the company's stock worth $360,000 after purchasing an additional 922 shares during the last quarter. Finally, Stephens Inc. AR bought a new stake in shares of Dutch Bros in the third quarter worth $209,000. 85.54% of the stock is currently owned by institutional investors.
Dutch Bros Company Profile
(
Get Free Report)
Dutch Bros Inc, together with its subsidiaries, operates and franchises drive-thru shops in the United States. The company operates through Company-Operated Shops and Franchising and Other segments. It serves through company-operated shops and online channels under Dutch Bros; Dutch Bros Coffee; Dutch Bros Rebel; Dutch Bros; and Blue Rebel brands.
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