Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Dutch Bros Inc shares valued at $1,283,753 were sold by DM Trust Aggregator, LLC on Nov 04 ’24. At $33.48 per share, DM Trust Aggregator, LLC sold 38,339 shares. The insider’s holdings dropped to 15,610 shares worth approximately $0.82 million following the completion of this transaction.
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Also, Boersma Travis sold 38,339 shares, netting a total of over 1,283,753 in proceeds. Following the sale of shares at $33.48 each, the insider now holds 15,610 shares.
Before that, DM Trust Aggregator, LLC had sold 169,608 shares from its account. In a trade valued at $5,660,192, the 10% Owner traded Dutch Bros Inc shares for $33.37 each. Upon closing the transaction, the insider’s holdings decreased to 169,608 shares, worth approximately $2.84 million.
As published in a research note from Piper Sandler on August 19, 2024, Dutch Bros Inc [BROS] has been rated down from an Overweight to a Neutral and the price target has been revised to $36 from $41. Analysts at UBS upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid August. As of August 08, 2024, Guggenheim has increased its “Neutral” rating to a “Buy” for BROS. Earlier on August 08, 2024, TD Cowen resumed its rating. Their recommendation was “a Buy” for BROS stock.
Analyzing BROS Stock Performance
During the last five days, there has been a surge of approximately 10.90%. Over the course of the year, Dutch Bros Inc shares have jumped approximately 66.15%. Shares of the company reached a 52-week high of $52.98 on 11/20/24 and a 52-week low of $25.46 on 02/07/24. A 50-day SMA is recorded $36.53, while a 200-day SMA reached $34.51. Nevertheless, trading volume fell to 4.81 million shares from 3.77 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 50.47, which, if violated, would cause prices to drop to 48.33. In the upper region, resistance lies at 53.87. The next price resistance is at 55.13. RSI (Relative Strength Index) is 82.42 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.10, which suggests the price will increase in the coming days. Percent R is at 1.77%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
