Dutch Bros Inc. (NYSE:BROS) Shares Acquired by Virtu Financial LLC

Key Points

• Virtu Financial LLC significantly increased its stake in Dutch Bros Inc. by 386.6%, holding 44,813 shares worth approximately $2.77 million as of its latest SEC filing.
• Chairman Travis Boersma sold over 722,000 shares for about $48.3 million, resulting in a substantial decrease of 27.14% in his ownership of Dutch Bros stock.
• Analysts remain optimistic, with several firms raising their target prices for Dutch Bros, suggesting positive sentiment with a consensus target price of $77.82 and multiple "buy" ratings.

Virtu Financial LLC grew its stake in Dutch Bros Inc. (NYSE:BROS - Free Report) by 386.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,813 shares of the company's stock after buying an additional 35,603 shares during the quarter. Virtu Financial LLC's holdings in Dutch Bros were worth $2,767,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Gould Capital LLC boosted its position in shares of Dutch Bros by 20.4% during the fourth quarter. Gould Capital LLC now owns 826 shares of the company's stock valued at $43,000 after buying an additional 140 shares during the period. Hollencrest Capital Management boosted its position in Dutch Bros by 21.2% during the 1st quarter. Hollencrest Capital Management now owns 1,096 shares of the company's stock valued at $68,000 after acquiring an additional 192 shares in the last quarter. Copia Wealth Management increased its holdings in shares of Dutch Bros by 14.7% in the 1st quarter. Copia Wealth Management now owns 1,595 shares of the company's stock valued at $98,000 after acquiring an additional 205 shares during the period. Treasurer of the State of North Carolina raised its position in shares of Dutch Bros by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 48,050 shares of the company's stock worth $2,517,000 after acquiring an additional 310 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Dutch Bros by 85.3% during the 1st quarter. GAMMA Investing LLC now owns 821 shares of the company's stock worth $51,000 after purchasing an additional 378 shares during the last quarter. Institutional investors own 85.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on BROS shares. The Goldman Sachs Group assumed coverage on Dutch Bros in a research note on Thursday, June 26th. They issued a "neutral" rating and a $75.00 target price on the stock. Morgan Stanley restated an "overweight" rating and issued a $84.00 target price (up from $80.00) on shares of Dutch Bros in a research note on Thursday, August 7th. Bank of America raised their target price on shares of Dutch Bros from $80.00 to $84.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. Melius Research upgraded shares of Dutch Bros to a "strong-buy" rating in a research note on Monday, July 14th. Finally, TD Securities restated a "buy" rating and issued a $78.00 target price on shares of Dutch Bros in a research note on Thursday, May 8th. Two equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $77.82.

Insiders Place Their Bets

In other Dutch Bros news, Chairman Travis Boersma sold 722,841 shares of the firm's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $66.82, for a total value of $48,300,235.62. Following the sale, the chairman directly owned 1,940,245 shares of the company's stock, valued at approximately $129,647,170.90. This trade represents a 27.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 159,254 shares of the firm's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $66.82, for a total value of $10,641,352.28. Following the completion of the sale, the insider directly owned 1,940,245 shares in the company, valued at approximately $129,647,170.90. The trade was a 7.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,465,214 shares of company stock worth $237,721,138. Corporate insiders own 42.40% of the company's stock.

Dutch Bros Price Performance

Shares of BROS stock traded down $4.25 during mid-day trading on Thursday, reaching $63.29. The stock had a trading volume of 5,096,409 shares, compared to its average volume of 3,833,744. Dutch Bros Inc. has a 12-month low of $30.30 and a 12-month high of $86.88. The company has a market cap of $10.41 billion, a P/E ratio of 134.66, a price-to-earnings-growth ratio of 4.13 and a beta of 2.63. The business has a 50-day simple moving average of $65.54 and a 200 day simple moving average of $65.77. The company has a current ratio of 1.64, a quick ratio of 1.42 and a debt-to-equity ratio of 0.69.

Dutch Bros (NYSE:BROS - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.18 by $0.08. The business had revenue of $415.81 million during the quarter, compared to analysts' expectations of $403.24 million. Dutch Bros had a return on equity of 8.86% and a net margin of 3.94%. The business's revenue for the quarter was up 28.0% on a year-over-year basis. During the same quarter last year, the business posted $0.19 earnings per share. On average, sell-side analysts anticipate that Dutch Bros Inc. will post 0.57 earnings per share for the current year.

Dutch Bros Profile

Dutch Bros Inc, together with its subsidiaries, operates and franchises drive-thru shops in the United States. The company operates through Company-Operated Shops and Franchising and Other segments. It serves through company-operated shops and online channels under Dutch Bros; Dutch Bros Coffee; Dutch Bros Rebel; Dutch Bros; and Blue Rebel brands.