Dutch Bros Inc’s recent filing unveils that its Executive Chairman of Board Boersma Travis unloaded Company’s shares for reported $12.85 million on Sep 13 ’24. In the deal valued at $34.12 per share,376,696 shares were sold. As a result of this transaction, Boersma Travis now holds 165,994 shares worth roughly $5.37 million.
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Then, Boersma Travis sold 18,223 shares, generating $621,918 in total proceeds. Upon selling the shares at $34.13, the Executive Chairman of Board now owns 263,954 shares.
Before that, DM Trust Aggregator, LLC sold 225,523 shares. Dutch Bros Inc shares valued at $7,690,222 were divested by the 10% Owner at a price of $34.10 per share. As a result of the transaction, DM Trust Aggregator, LLC now holds 282,177 shares, worth roughly $9.13 million.
Piper Sandler downgraded its Dutch Bros Inc [BROS] rating to a Neutral from a an Overweight in a research note published on August 19, 2024; the price target was decreased to $36 from $41. A number of analysts have revised their coverage, including UBS’s analysts, who increased its forecast for the stock in mid August from “a Neutral” to “a Buy”. Guggenheim also remained covering BROS and has increased its forecast on August 08, 2024 with a “Buy” recommendation from previously “Neutral” rating. TD Cowen maintained its rating on August 08, 2024. It rated BROS as “a Buy”.
Price Performance Review of BROS
On Friday, Dutch Bros Inc [NYSE:BROS] saw its stock jump 5.31% to $32.35. Over the last five days, the stock has lost -0.55%. Dutch Bros Inc shares have risen nearly 2.15% since the year began. Nevertheless, the stocks have risen 27.66% over the past one year. While a 52-week high of $43.49 was reached on 07/09/24, a 52-week low of $23.31 was recorded on 02/07/24. SMA at 50 days reached $32.48, while 200 days put it at $33.01.
Levels Of Support And Resistance For BROS Stock
The 24-hour chart illustrates a support level at 31.22, which if violated will result in even more drops to 30.10. On the upside, there is a resistance level at 33.04. A further resistance level may holdings at 33.74. The Relative Strength Index (RSI) on the 14-day chart is 48.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.75, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.49%. Stochastics %K at 17.34% indicates the stock is a buying.
How much short interest is there in Dutch Bros Inc?
A steep rise in short interest was recorded in Dutch Bros Inc stocks on 2024-09-30, growing by 2.18 million shares to a total of 13.15 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 10.97 million shares. There was a rise of 16.57%, which implies that there is a positive sentiment for the stock.
