Dutch Bros Inc. (NYSE:BROS) Major Shareholder Dm Individual Aggregator, Llc Sells 167,315 Shares

Majority shareholder Dutch Bros Inc. (NYSE:BROS – Get Free Report ) Dm Individual Aggregator, Llc sold 167,315 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $31.60, for a total value of $5,287,154.00. Following the transaction, the insider now owns 467,228 shares of the company’s stock, valued at $14,764,404.80. The sale was disclosed in a legal filing with the SEC, which is available on the SEC’s website. Large shareholders who own 10% or more of a company’s stock are required to disclose their sales and purchases to the SEC.

Dm Individual Aggregator, Llc also recently made the following transactions:

• On Wednesday, May 29th Dm Individual Aggregator, Llc sold 16,452 shares of Dutch Bros. stock. The shares were sold at an average price of $36.02, for a total transaction of $592,601.04.

Dutch Bros. Stock Performance

NYSE BROS opened at $31.76 on Thursday. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.29, and a quick ratio of 1.98. Dutch Bros Inc. has a 1 year low of $22.67 and a 1 year high of $43.49. The company has a 50 day simple moving average of $37.87 and a two hundred day simple moving average of $33.99. The stock has a market cap of $5.63 billion, a PE ratio of 176.44, a P/E/G ratio of 4.71 and a beta of 2.53.

Dutch Bros (NYSE:BROS – Get Free Report ) last issued its earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. Dutch Bros had a net margin of 1.21% and a return on equity of 1.99%. The firm had revenue of $324.92 million during the quarter, compared to analyst estimates of $317.39 million. During the same period last year, the company posted earnings of $0.07 per share. Dutch Bros.’s revenue for the quarter was up 30.0% compared to the same quarter last year. On average, research analysts predict that Dutch Bros Inc. will post 0.3 EPS for the current fiscal year.

Institutional Trading of Dutch Bros

Major investors have recently made changes to their business positions. Transcendent Capital Group LLC bought a new position in shares of Dutch Bros in the first quarter valued at approximately $26,000. Arcadia Investment Management Corp MI acquired a new stake in Dutch Bros in the second quarter valued at approximately $27,000. Quest Partners LLC boosted its stake in shares of Dutch Bros by 3,321.7% in the second quarter. Quest Partners LLC now owns 787 shares of the company’s stock valued at $33,000 after buying an additional 764 shares during the last quarter. Abound Wealth Management purchased a new position in shares of Dutch Bros in the second quarter valued at approximately $39,000. Finally, Quarry LP bought a new position in shares of Dutch Bros in the second quarter valued at about $43,000. 85.54% of shares are currently owned by institutional investors.

The Wall Street analyst weighs in

BROS has been the subject of several recent analyst reports. Wedbush restated an “outperform” rating and set a $45.00 price objective on shares of Dutch Bros in a research report on Thursday, August 8th. Stifel Nicolaus cut their price target on Dutch Bros from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Piper Sandler downgraded Dutch Bros from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $41.00 to $36.00 in a research report on Monday. UBS Group raised Dutch Bros from a “neutral” rating to a “buy” rating and set a $39.00 price objective for the company in a research note on Thursday, August 15th. Finally, Guggenheim raised Dutch Bros from a “neutral” rating to a “buy” rating in a research note on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Moderate Buy” and an average price target of $39.73, according to MarketBeat .

Check out the latest stock report on Dutch Bros

About Dutch Bros

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Dutch Bros Inc, together with its subsidiaries, operates and franchises automotive dealerships in the United States. The company operates through company-operated stores and franchise and other segments. Serves through company-operated stores and online channels under Dutch Bros; Dutch Bros coffee; Dutch Bros Rebel; Dutch Bros; and Blue Rebel brands.

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