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Dutch Bros Inc [BROS] 10% Owner makes an insider sale of 3,403,924 shares worth 122,030,675.

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Dutch Bros Inc shares valued at $122,030,675 were sold by TSG7 A Management LLC on May 29 ’24. At $35.85 per share, TSG7 A Management LLC sold 3,403,924 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.

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Also, Boersma Travis sold 264,798 shares, netting a total of over 9,586,144 in proceeds. Following the sale of shares at $36.20 each, the insider now holds 634,543 shares.

Before that, DM Trust Aggregator, LLC had sold 248,346 shares from its account. In a trade valued at $8,993,577, the 10% Owner traded Dutch Bros Inc shares for $36.21 each. Upon closing the transaction, the insider’s holdings decreased to 248,346 shares, worth approximately $41.83 million.

As published in a research note from TD Cowen on May 10, 2024, Dutch Bros Inc [BROS] has been rated up from a Hold to a Buy and the price target has been revised to $46 from $33. Analysts at Piper Sandler upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in early March. As of February 22, 2024, Stifel has reiterated its “Buy” rating for BROS. Earlier on January 16, 2024, Stifel upgraded its rating. Their new recommendation was “a Buy” for BROS stock which previously was a “a Hold”.

Analyzing BROS Stock Performance

Over the course of the year, Dutch Bros Inc shares have jumped approximately 30.92%. Shares of the company reached a 52-week high of $42.87 on 06/27/24 and a 52-week low of $25.46 on 02/07/24. A 50-day SMA is recorded $35.62, while a 200-day SMA reached $30.22. Nevertheless, trading volume fell to 2.31 million shares from 2.47 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 40.79, which, if violated, would cause prices to drop to 40.06. In the upper region, resistance lies at 42.31. The next price resistance is at 43.10. RSI (Relative Strength Index) is 63.95 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.52, which suggests the price will increase in the coming days. Percent R is at 25.81%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

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