XTX Topco Ltd Has $1.21 Million Position in Dutch Bros Inc. (NYSE:BROS)

Key Points

• XTX Topco Ltd increased its stake in Dutch Bros Inc. by 49% during the first quarter, now owning 19,515 shares worth approximately $1.2 million.
• Multiple institutional investors have adjusted their positions in Dutch Bros, contributing to insiders owning 42.40% of the shares.
• Dutch Bros reported earnings of $0.14 per share, exceeding analysts' expectations, with revenue growth of 28.7% year-over-year for the quarter.

XTX Topco Ltd lifted its holdings in Dutch Bros Inc. (NYSE:BROS - Free Report) by 49.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,515 shares of the company's stock after purchasing an additional 6,417 shares during the quarter. XTX Topco Ltd's holdings in Dutch Bros were worth $1,205,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Coppell Advisory Solutions LLC grew its position in Dutch Bros by 638.6% in the fourth quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company's stock worth $27,000 after buying an additional 447 shares during the last quarter. AdvisorNet Financial Inc acquired a new stake in Dutch Bros during the first quarter valued at $31,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Dutch Bros during the 1st quarter valued at about $31,000. Bernard Wealth Management Corp. acquired a new stake in Dutch Bros in the fourth quarter valued at approximately $43,000. Finally, Gould Capital LLC boosted its holdings in Dutch Bros by 20.4% in the fourth quarter. Gould Capital LLC now owns 826 shares of the company's stock worth $43,000 after purchasing an additional 140 shares in the last quarter. Institutional investors own 85.54% of the company's stock.

Wall Street Analyst Weigh In

BROS has been the subject of a number of recent analyst reports. Morgan Stanley set a $80.00 target price on Dutch Bros and gave the stock an "overweight" rating in a research report on Monday, April 14th. CICC Research started coverage on Dutch Bros in a research note on Monday, June 30th. They issued an "outperform" rating and a $80.00 target price for the company. Royal Bank Of Canada initiated coverage on shares of Dutch Bros in a research note on Wednesday, May 14th. They set an "outperform" rating and a $83.00 price target for the company. Melius Research upgraded shares of Dutch Bros to a "strong-buy" rating in a research note on Monday, July 14th. Finally, Piper Sandler decreased their price target on Dutch Bros from $70.00 to $63.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $76.06.

Dutch Bros Trading Down 4.3%

Shares of Dutch Bros stock traded down $2.53 on Friday, hitting $56.74. 2,953,935 shares of the company's stock traded hands, compared to its average volume of 2,416,567. Dutch Bros Inc. has a one year low of $26.96 and a one year high of $86.88. The firm's 50-day moving average price is $66.76 and its two-hundred day moving average price is $65.59. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.95 and a quick ratio of 1.75. The stock has a market capitalization of $9.33 billion, a PE ratio of 145.49, a price-to-earnings-growth ratio of 3.14 and a beta of 2.63.

Dutch Bros (NYSE:BROS - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.03. Dutch Bros had a net margin of 3.20% and a return on equity of 7.73%. The company had revenue of $355.15 million for the quarter, compared to analysts' expectations of $343.30 million. During the same period last year, the firm posted $0.09 earnings per share. The business's quarterly revenue was up 28.7% compared to the same quarter last year. On average, research analysts expect that Dutch Bros Inc. will post 0.57 EPS for the current fiscal year.

Insider Activity at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 159,254 shares of the stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $66.82, for a total transaction of $10,641,352.28. Following the completion of the sale, the insider owned 1,940,245 shares of the company's stock, valued at $129,647,170.90. This represents a 7.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Travis Boersma sold 722,841 shares of Dutch Bros stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $66.82, for a total value of $48,300,235.62. Following the completion of the sale, the chairman directly owned 1,940,245 shares in the company, valued at $129,647,170.90. This represents a 27.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,465,214 shares of company stock worth $237,721,138 over the last 90 days. Corporate insiders own 42.40% of the company's stock.

About Dutch Bros

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.