In a recent move, an insider at Dutch Bros Inc. (NYSE:BROS), DM Individual Aggregator, LLC, has sold a significant amount of the company's stock. The transaction involved the sale of 22,468 shares at an average price of $36.0932, totaling approximately $810,942. This sale occurred on May 14, 2024, and was executed automatically under a pre-established trading plan known as Rule 10b5-1, which was adopted by the reporting entity on August 15, 2023.
The shares were sold in a series of transactions with prices ranging from $36.00 to $36.20. Following this sale, the insider now directly owns 1,259,275 shares of Dutch Bros Inc. The insider has committed to providing detailed information about the number of shares sold at each price point within the specified range upon request from the issuer, any security holder, or the SEC staff.
This sale represents a notable transaction for Dutch Bros Inc., a company categorized under the retail-eating and drinking places sector and known for its drive-thru coffee establishments. Investors often monitor insider transactions as they can provide insights into the company's financial health and the insiders' perspective on the stock's value.
Dutch Bros Inc. has not issued any comments regarding this transaction at the time of reporting. The company's stock continues to be actively traded on the New York Stock Exchange under the ticker symbol BROS.
InvestingPro Insights
Amidst the insider trading activity at Dutch Bros Inc. (NYSE:BROS), investors are keenly observing the company's financial metrics and market performance. According to InvestingPro data, Dutch Bros Inc. boasts a robust market capitalization of $5.57 billion, reflecting its significant presence in the retail-eating and drinking sector. The company's revenue growth is particularly noteworthy, with a 33.09% increase over the last twelve months as of Q1 2024, and an even more impressive quarterly revenue growth of 39.46% in Q1 2024. This growth trajectory aligns with analysts' expectations, who anticipate continued sales expansion in the current year.
Investors should note that Dutch Bros Inc. is trading at a high earnings multiple, with a P/E ratio of 191.59 and an adjusted P/E ratio for the last twelve months as of Q1 2024 at 254.94. This valuation suggests high investor expectations for future earnings. Additionally, the company has demonstrated significant returns, with a one-week price total return of 13.53% and a one-year price total return of 33.3%, indicating strong recent performance in the stock market.
For those considering an investment in Dutch Bros Inc., InvestingPro Tips highlight that the company's net income is expected to grow this year, and analysts predict the company will be profitable within the same timeframe. However, it's important to be aware of the stock's volatility and the fact that it's trading near its 52-week high, with the price at 99.89% of this peak. Investors should also consider that the company does not pay a dividend, which might influence investment decisions for those seeking regular income.
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