Dutch Bros Inc. (NYSE:BROS - Get Free Report) major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $75.91, for a total transaction of $13,824,956.93. Following the sale, the insider now owns 2,310,834 shares in the company, valued at approximately $175,415,408.94. The trade was a 7.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.
Dm Individual Aggregator, Llc also recently made the following trade(s):
- On Monday, February 24th, Dm Individual Aggregator, Llc sold 262,537 shares of Dutch Bros stock. The stock was sold at an average price of $74.77, for a total transaction of $19,629,891.49.
- On Friday, February 21st, Dm Individual Aggregator, Llc sold 291,707 shares of Dutch Bros stock. The stock was sold at an average price of $77.73, for a total transaction of $22,674,385.11.
Dutch Bros Trading Up 1.3 %
Shares of NYSE:BROS opened at $76.42 on Friday. The company has a market capitalization of $11.78 billion, a PE ratio of 224.76, a P/E/G ratio of 4.23 and a beta of 2.73. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. Dutch Bros Inc. has a 12-month low of $26.85 and a 12-month high of $86.88. The business's fifty day simple moving average is $63.14 and its 200-day simple moving average is $47.31.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on the company. TD Cowen boosted their price objective on Dutch Bros from $47.00 to $53.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Barclays upgraded Dutch Bros from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $38.00 to $70.00 in a research note on Tuesday, January 7th. UBS Group lifted their price objective on shares of Dutch Bros from $67.00 to $90.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Stifel Nicolaus boosted their target price on shares of Dutch Bros from $62.00 to $74.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Finally, Baird R W raised shares of Dutch Bros from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. One investment analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $74.83.
Get Our Latest Report on BROS
Hedge Funds Weigh In On Dutch Bros
Large investors have recently added to or reduced their stakes in the company. Jefferies Financial Group Inc. acquired a new stake in Dutch Bros in the fourth quarter worth about $2,585,000. Bernard Wealth Management Corp. acquired a new stake in shares of Dutch Bros during the fourth quarter worth $43,000. Gould Capital LLC increased its position in shares of Dutch Bros by 20.4% in the 4th quarter. Gould Capital LLC now owns 826 shares of the company's stock valued at $43,000 after acquiring an additional 140 shares during the period. AlphaCore Capital LLC purchased a new position in Dutch Bros in the 4th quarter worth $262,000. Finally, Neo Ivy Capital Management acquired a new stake in Dutch Bros during the 4th quarter worth about $142,000. 85.54% of the stock is currently owned by institutional investors.
Dutch Bros Company Profile
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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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