Fri Sep 20 09:14:50 UTC 2024: ## Dutch Bros Chairman Sells Shares, Institutional Investors Show Interest

**[City, State] -** Travis Boersma, Chairman of Dutch Bros Inc. (NYSE: BROS), sold 18,223 shares of the company’s stock on September 16th for a total of $621,950.99. Following the transaction, Boersma now owns 263,954 shares valued at approximately $9,008,750.02.

This sale comes amidst a period of activity from institutional investors and hedge funds regarding Dutch Bros. Arcadia Investment Management Corp MI, Quest Partners LLC, Transcendent Capital Group LLC, Abound Wealth Management, and Quarry LP all made recent purchases of the company’s stock. Overall, 85.54% of the stock is owned by these entities.

Analysts also remain optimistic about Dutch Bros. While Barclays lowered their price objective to $31.00 and set an “equal weight” rating, other firms, including UBS Group, TD Cowen, and JPMorgan Chase & Co., have increased their price targets and maintained “buy” or “overweight” ratings. Currently, the average rating for BROS is “Moderate Buy” with a consensus target price of $39.73.

Dutch Bros, known for its drive-thru coffee shops, continues to expand its presence in the US. The company operates under various brands including Dutch Bros Coffee, Dutch Bros Rebel, and Blue Rebel.

**For more information on Dutch Bros, visit the company’s website or MarketBeat.com.**

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