Dutch Bros Inc. (NYSE:BROS) COO Sells $576,720.00 in Stock

Dutch Bros Inc. (NYSE:BROSGet Rating) COO Brian Maxwell sold 12,000 shares of the stock in a transaction dated Tuesday, April 26th. The shares were sold at an average price of $48.06, for a total value of $576,720.00. Following the completion of the sale, the chief operating officer now directly owns 1,255,620 shares in the company, valued at approximately $60,345,097.20. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Brian Maxwell also recently made the following trade(s):

  • On Tuesday, April 12th, Brian Maxwell sold 12,000 shares of Dutch Bros stock. The shares were sold at an average price of $52.57, for a total value of $630,840.00.
  • On Tuesday, March 29th, Brian Maxwell sold 12,000 shares of Dutch Bros stock. The shares were sold at an average price of $60.44, for a total value of $725,280.00.
  • On Tuesday, March 15th, Brian Maxwell sold 12,000 shares of Dutch Bros stock. The shares were sold at an average price of $48.75, for a total value of $585,000.00.

BROS opened at $48.14 on Friday. Dutch Bros Inc. has a 52 week low of $32.42 and a 52 week high of $81.40. The business’s 50 day moving average is $52.27 and its two-hundred day moving average is $53.15. The company has a quick ratio of 0.27, a current ratio of 0.43 and a debt-to-equity ratio of 0.40.

Dutch Bros (NYSE:BROSGet Rating) last released its earnings results on Tuesday, March 1st. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.04). The firm had revenue of $140.08 million during the quarter, compared to analyst estimates of $134.70 million. The company’s revenue for the quarter was up 55.8% on a year-over-year basis. Sell-side analysts forecast that Dutch Bros Inc. will post -0.05 EPS for the current year.

Large investors have recently added to or reduced their stakes in the company. Glassman Wealth Services acquired a new position in shares of Dutch Bros in the fourth quarter valued at approximately $25,000. Captrust Financial Advisors purchased a new stake in shares of Dutch Bros in the third quarter valued at approximately $25,000. Allworth Financial LP purchased a new stake in shares of Dutch Bros in the third quarter valued at approximately $28,000. NEXT Financial Group Inc boosted its stake in shares of Dutch Bros by 595.0% in the fourth quarter. NEXT Financial Group Inc now owns 695 shares of the company’s stock valued at $35,000 after buying an additional 595 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC purchased a new stake in shares of Dutch Bros in the fourth quarter valued at approximately $36,000.

Several equities research analysts have recently weighed in on BROS shares. Gordon Haskett started coverage on Dutch Bros in a research report on Wednesday, April 13th. They set a “buy” rating and a $64.00 target price on the stock. Piper Sandler cut their target price on Dutch Bros from $85.00 to $75.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 5th. Zacks Investment Research raised Dutch Bros from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a research report on Wednesday, January 12th. Finally, Cowen cut their target price on Dutch Bros from $70.00 to $65.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 2nd. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Dutch Bros has a consensus rating of “Buy” and a consensus price target of $63.70.

About Dutch Bros (Get Rating)

Dutch Bros Inc operates and franchises drive-thru shops. It offers Dutch Bros hot and cold espresso-based beverages, and cold brew coffee products, as well as Blue Rebel energy drinks, tea, lemonade, smoothies, and other beverages through company-operated shops and online channels. As of December 31, 2021, it operated 538 drive-thru coffee locations in Arizona, California, Colorado, Idaho, Kansas, Nevada, New Mexico, Oklahoma, Oregon, Texas, Utah, and Washington.

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