Insider Selling: Dutch Bros Inc. (NYSE:BROS) Major Shareholder Sells $19,629,891.49 in Stock

Dutch Bros Inc. (NYSE:BROS) major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $74.77, for a total transaction of $19,629,891.49. Following the completion of the sale, the insider now owns 2,640,779 shares in the company, valued at $197,451,045.83. This represents a 9.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more 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 Wednesday, February 26th, Dm Individual Aggregator, Llc sold 182,123 shares of Dutch Bros stock. The shares were sold at an average price of $75.91, for a total transaction of $13,824,956.93.
• 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 Stock Up 1.3 %

NYSE:BROS opened at $76.42 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.76 and a quick ratio of 1.58. The company’s fifty day moving average price is $63.14 and its 200-day moving average price is $47.31. Dutch Bros Inc. has a 1-year low of $26.85 and a 1-year high of $86.88. The firm has a market capitalization of $11.78 billion, a P/E ratio of 224.76, a PEG ratio of 4.23 and a beta of 2.73.

Institutional Investors Weigh In On Dutch Bros

Hedge funds have recently added to or reduced their stakes in the business. R Squared Ltd acquired a new position in shares of Dutch Bros in the 4th quarter valued at about $25,000. Coppell Advisory Solutions LLC grew its holdings in Dutch Bros by 638.6% during the fourth quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company’s stock worth $27,000 after acquiring an additional 447 shares during the period. Fortitude Family Office LLC purchased a new position in Dutch Bros during the fourth quarter valued at approximately $41,000. Bernard Wealth Management Corp. acquired a new position in Dutch Bros in the fourth quarter valued at approximately $43,000. Finally, Gould Capital LLC lifted its holdings in Dutch Bros by 20.4% in the fourth 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. 85.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on BROS shares. Robert W. Baird increased their price objective on Dutch Bros from $70.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Wedbush increased their price target on Dutch Bros from $65.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Bank of America boosted their price target on Dutch Bros from $61.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. UBS Group upped their price objective on shares of Dutch Bros from $67.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Finally, Baird R W upgraded shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. One analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $74.83.

About Dutch Bros

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.