Dutch Bros Inc. [BROS] Chief Operating Officer makes an insider sale of 6,000 shares worth 240,000.

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Dutch Bros Inc. shares valued at $240,000 were sold by Maxwell Brian on Aug 30. At $40.00 per share, Maxwell Brian sold 6,000 shares. The insider’s holdings dropped to 1,153,620 shares worth approximately $39.93 million following the completion of this transaction.

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Also, Maxwell Brian sold 12,000 shares, netting a total of over 537,759 in proceeds. Following the sale of shares at $44.81 each, the insider now holds 1,159,620 shares.

Before that, Ricci Joth had sold 71,125 shares from its account. In a trade valued at $3,293,083, the CEO and President traded Dutch Bros Inc. shares for $46.30 each. Upon closing the transaction, the insider’s holdings decreased to 71,125 shares, worth approximately $84.93 million.

As published in a research note from Robert W. Baird on July 11, 2022, Dutch Bros Inc. [BROS] has been rated down from an Outperform to a Neutral. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in early June. As of May 12, 2022, Stifel has decreased its “Buy” rating to a “Hold” for BROS. Earlier on April 13, 2022, Gordon Haskett initiated its rating. Their recommendation was “a Buy” for BROS stock.

Analyzing BROS’s Price Performance

On Wednesday, Dutch Bros Inc. [NYSE: BROS] plunged -2.53% to $34.61. The stock’s lowest price that day was $34.54, but it reached a high of $36.49 in the same session. During the last five days, there has been a drop of approximately -2.64%. Over the course of the year, Dutch Bros Inc. shares have dropped approximately -32.02%. Shares of the company reached a 52-week high of $66.00 on 03/30/22 and a 52-week low of $20.05 on 05/12/22. A 50-day SMA is recorded $38.74, while a 200-day SMA reached $44.18. Nevertheless, trading volume fell to 1.33 million shares from 0.98 million shares the previous day.

Support And Resistance Levels for Dutch Bros Inc. (BROS)

According to the 24-hour chart, there is a support level at 33.94, which, if violated, would cause prices to drop to 33.26. In the upper region, resistance lies at 35.89. The next price resistance is at 37.16. RSI (Relative Strength Index) is 41.26 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.37, which suggests the price will decrease in the coming days. Percent R is at 72.55%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Dutch Bros Inc. subject to short interest?

Stocks of Dutch Bros Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.69 million shares to 7.54 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 8.23 million shares. A decline of -9.15% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 8.32 of the overall float, the days-to-cover ratio (short ratio) decline to 8.32.

Which companies own the most shares of Dutch Bros Inc. (BROS)?

According to The Vanguard Group, Inc. filings, the company currently owns 2,764,874 shares, which is about 6.99% of the total BROS shares outstanding. The investor’s shares have appreciated by 995,029 from its previous 13-F filing of 1769845.0 shares. With the completion of the sale transaction, Fidelity Management & Research Co’s stake is now worth $64,203,318. Franklin Advisers, Inc. reduced a -0.05% interest valued at $54.55 million while AllianceBernstein LP sold a -135,234 stake. A total of 49,097 shares of Dutch Bros Inc. were sold by T. Rowe Price Associates, Inc. during the quarter, and 0 by American Century Investment Manag. In its current portfolio, ClearBridge Investments LLC holds 516,394 shares valued at $18.85 million.

In terms of Dutch Bros Inc. share price expectations, FactSet research, analysts set an average price target of $50.22 in the next 12 months, up nearly 40.81% from the previous closing price of $35.51. Analysts anticipate Dutch Bros Inc. stock to reach $64.00 by 2022, with the lowest price target being $37.00. In spite of this, 10 analysts ranked Dutch Bros Inc. stock as an Overweight at the end of 2022. On March 02, 2022, Cowen assigned a price target of “an Outperform” to the stock and reiterated coverage with a $65.


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