Dutch Bros (BROS) 10% Owner LLC Sells $2.2M of Stock
Key Points
- DM Individual Aggregator sold 50,709 shares of Dutch Bros Inc. on October 20, 2026, at a price of $44.01 per share.
- The planned transaction reduced the beneficial owner's stake by about 2.1% down to 2,360,091 shares.
- Wall Street firms including Oppenheimer, Baird, and Morgan Stanley updated their price targets ahead of the company's next earnings report.
Since the trade, $BROS is down 3.5% to date (from the $43.82 close on Oct 20, 2026).
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DM Individual Aggregator, a major 10% owner of Dutch Bros Inc., sold 50,709 shares of the coffee chain on October 20, 2026. According to a Form 4 filed with the Securities and Exchange Commission, the transaction was executed at a price of $44.01 per share for a total value of $2,231,601.67. The stock closed at $43.82 on the day of the trade.
BROS
Dutch Bros Inc.
Inside DM Individual Aggregator's Dutch Bros Trade
The planned sale was carried out under a pre-arranged Rule 10b5-1 trading plan. The transaction trimmed the owner's holdings by 2.1%, leaving it with 2,360,091 shares of Dutch Bros Inc. after the filing. Even after this planned reduction, the entity maintains a substantial stake in the beverage company.
Other Institutional Activity in Dutch Bros Inc.
Baillie Gifford & Co reduced its holdings by 255,414 shares, ending with 2,738,885 shares worth about $114,101,948.0.
Dutch Bros Inc. Stock Down 5.3%
Dutch Bros shares recently traded around $41.65, sitting below the event-day close and trailing its 50-day moving average of $43.65. The stock has a 52-week high of $74.02 and a low of $36.51.
Recent Earnings
Dutch Bros reported trailing twelve month revenue of $1.88 billion and earnings of $0.72 per share.
Insider Buying and Selling at Dutch Bros Inc.
Prior insider transactions included sales by Travis Boersma, LLC Dm Individual Aggregator, and LLC Dm Trust Aggregator on June 11, 2026, alongside a purchase of 2,000 shares by director Todd Allan Penegor on August 13, 2026.
Analysts Set New Price Targets
Wall Street firms adjusted their views on the stock recently. Oppenheimer maintained an Outperform rating on September 30, 2026, with a target of $66.0. Baird kept an Outperform rating on October 2, 2026, moving its target to $60.0. Morgan Stanley maintained an Overweight rating on October 15, 2026, lowering its target to $71.0, while Stephens & Co. kept its Overweight rating on the same day with a $65.0 target. Later, Citigroup reissued a Buy rating on October 21, 2026, with a $69.0 target. Analysts carry a strong buy consensus with a mean target of $69.88 across 25 opinions.
About Dutch Bros Inc.
Dutch Bros Inc. operates and franchises drive-thru beverage shops across the United States, offering specialized coffee drinks, energy beverages, and related accessories. Founded in 1992 and based in Tempe, Arizona, the company serves customers through both company-operated locations and franchise partnerships.
Bottom Line
Investors will watch for the company's next earnings report on November 4, 2026, for further updates on financial performance. This insider trade reflects pre-arranged portfolio management rather than a shift in business outlook.
Related Filing Alerts
Source: DM Individual Aggregator, LLC's Form 4 filing on $BROS (Oct 20, 2026). Written by software, not financial advice. How we make alerts