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 $271,000,000 were sold by TSG7 A Management LLC on Mar 26 ’24. At $33.88 per share, TSG7 A Management LLC sold 8,000,000 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, Boersma Travis sold 98,017 shares, netting a total of over 3,532,523 in proceeds. Following the sale of shares at $36.04 each, the insider now holds 672,439 shares.
Before that, DM Trust Aggregator, LLC had sold 49,218 shares from its account. In a trade valued at $1,773,797, the 10% Owner traded Dutch Bros Inc shares for $36.04 each. Upon closing the transaction, the insider’s holdings decreased to 49,218 shares, worth approximately $32.17 million.
As published in a research note from Piper Sandler on March 04, 2024, Dutch Bros Inc [BROS] has been rated up from a Neutral to an Overweight and the price target has been revised to $37 from $32. Analysts at Stifel resumed the stock at ‘”a Buy”‘ outlook in a report released in late February. As of January 16, 2024, Stifel has increased its “Hold” rating to a “Buy” for BROS. Earlier on November 20, 2023, JP Morgan upgraded its rating. Their new recommendation was “an Overweight” for BROS stock which previously was a “a Neutral”.
Analyzing BROS Stock Performance
During the last five days, there has been a drop of approximately -6.54%. Over the course of the year, Dutch Bros Inc shares have dropped approximately -3.38%. Shares of the company reached a 52-week high of $36.17 on 03/21/24 and a 52-week low of $25.46 on 02/07/24. A 50-day SMA is recorded $30.80, while a 200-day SMA reached $28.65. Nevertheless, trading volume fell to 3.31 million shares from 1.22 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 29.90, which, if violated, would cause prices to drop to 29.21. In the upper region, resistance lies at 31.65. The next price resistance is at 32.71. RSI (Relative Strength Index) is 39.23 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.92, which suggests the price will decrease in the coming days. Percent R is at 90.06%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
