Dutch Bros Inc’s recent filing unveils that its 10% Owner DM Trust Aggregator, LLC unloaded Company’s shares for reported $1.28 million on Nov 04 ’24. In the deal valued at $33.48 per share,38,339 shares were sold. As a result of this transaction, DM Trust Aggregator, LLC now holds 15,610 shares worth roughly $0.73 million.
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Then, Boersma Travis sold 38,339 shares, generating $1,283,753 in total proceeds. Upon selling the shares at $33.48, the Executive Chairman of Board now owns 15,610 shares.
Before that, DM Trust Aggregator, LLC sold 169,608 shares. Dutch Bros Inc shares valued at $5,660,192 were divested by the 10% Owner at a price of $33.37 per share. As a result of the transaction, DM Trust Aggregator, LLC now holds 53,949 shares, worth roughly $2.51 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 fall -0.62% to $46.61. Over the last five days, the stock has lost -1.21%. Dutch Bros Inc shares have risen nearly 47.17% since the year began. Nevertheless, the stocks have risen 61.56% over the past one year. While a 52-week high of $50.24 was reached on 11/07/24, a 52-week low of $25.46 was recorded on 02/07/24. SMA at 50 days reached $35.48, while 200 days put it at $34.15.
Levels Of Support And Resistance For BROS Stock
The 24-hour chart illustrates a support level at 46.13, which if violated will result in even more drops to 45.64. On the upside, there is a resistance level at 46.96. A further resistance level may holdings at 47.30. The Relative Strength Index (RSI) on the 14-day chart is 74.62, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.53, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 20.67%. Stochastics %K at 81.47% indicates the stock is a selling.
How much short interest is there in Dutch Bros Inc?
A steep rise in short interest was recorded in Dutch Bros Inc stocks on 2024-10-31, dropping by -1.23 million shares to a total of 11.92 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 13.15 million shares. There was a decline of -10.32%, which implies that there is a negative sentiment for the stock.
