Dutch Bros Inc. (NYSE:BROS) COO Brian Maxwell Sells 12,000 Shares

Dutch Bros Inc. (NYSE:BROSGet Rating) COO Brian Maxwell sold 12,000 shares of Dutch Bros stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of $40.63, for a total value of $487,560.00. Following the completion of the transaction, the chief operating officer now owns 1,243,620 shares in the company, valued at approximately $50,528,280.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Tuesday, April 26th, Brian Maxwell sold 12,000 shares of Dutch Bros stock. The shares were sold at an average price of $48.06, for a total value of $576,720.00.
  • 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.

Shares of Dutch Bros stock traded down $4.71 during midday trading on Wednesday, reaching $36.09. The company had a trading volume of 103,757 shares, compared to its average volume of 1,937,193. Dutch Bros Inc. has a fifty-two week low of $32.42 and a fifty-two week high of $81.40. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.43 and a quick ratio of 0.27. The stock has a fifty day moving average price of $52.01 and a 200 day moving average price of $52.79.

Dutch Bros (NYSE:BROSGet Rating) last issued its quarterly earnings results on Tuesday, March 1st. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.04). The business had revenue of $140.08 million during the quarter, compared to analysts’ expectations of $134.70 million. The company’s revenue for the quarter was up 55.8% compared to the same quarter last year. As a group, research analysts expect that Dutch Bros Inc. will post -0.05 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of BROS. Raymond James & Associates acquired a new position in Dutch Bros in the third quarter valued at approximately $731,000. Raymond James Financial Services Advisors Inc. acquired a new position in Dutch Bros in the third quarter valued at approximately $1,390,000. Advisor Group Holdings Inc. acquired a new position in Dutch Bros in the third quarter valued at approximately $1,349,000. TD Asset Management Inc. acquired a new position in Dutch Bros in the third quarter valued at approximately $637,000. Finally, BlackRock Inc. acquired a new position in shares of Dutch Bros during the third quarter worth approximately $2,600,000.

Several research firms have recently weighed in on BROS. Cowen reduced their price target on Dutch Bros from $70.00 to $65.00 and set an “outperform” rating on the stock in a report on Wednesday, March 2nd. Zacks Investment Research cut Dutch Bros from a “buy” rating to a “hold” rating in a report on Tuesday, May 3rd. Piper Sandler reduced their price target on Dutch Bros from $85.00 to $75.00 and set an “overweight” rating on the stock in a report on Tuesday, April 5th. Finally, Gordon Haskett began coverage on Dutch Bros in a report on Wednesday, April 13th. They set a “buy” rating and a $64.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $63.70.

Dutch Bros Company Profile (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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