Virtu Financial LLC Makes New $573,000 Investment in Dutch Bros Inc. (NYSE:BROS)

Virtu Financial LLC bought a new position in Dutch Bros Inc. (NYSE:BROS) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 17,886 shares of the company’s stock, valued at approximately $573,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in BROS. Hollencrest Capital Management grew its holdings in shares of Dutch Bros by 52.3% during the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock valued at $29,000 after buying an additional 314 shares in the last quarter. Creative Planning grew its stake in Dutch Bros by 5.6% during the 2nd quarter. Creative Planning now owns 7,673 shares of the company’s stock valued at $318,000 after acquiring an additional 405 shares in the last quarter. Keudell Morrison Wealth Management grew its stake in Dutch Bros by 4.6% during the 3rd quarter. Keudell Morrison Wealth Management now owns 11,036 shares of the company’s stock valued at $353,000 after acquiring an additional 490 shares in the last quarter. Jamison Private Wealth Management Inc. lifted its position in shares of Dutch Bros by 150.2% in the third quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock worth $27,000 after purchasing an additional 500 shares in the last quarter. Finally, Cannon Global Investment Management LLC lifted its position in shares of Dutch Bros by 7.7% in the third quarter. Cannon Global Investment Management LLC now owns 7,000 shares of the company’s stock worth $224,000 after purchasing an additional 500 shares in the last quarter. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Dutch Bros Stock Performance

BROS opened at $52.06 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.68 and a current ratio of 1.90. The company has a market cap of $8.03 billion, a PE ratio of 179.52, a price-to-earnings-growth ratio of 3.89 and a beta of 2.72. The stock has a 50-day moving average of $43.24 and a 200-day moving average of $38.52. Dutch Bros Inc. has a 52-week low of $25.46 and a 52-week high of $56.10.

Dutch Bros (NYSE:BROS) last announced its earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. Dutch Bros had a return on equity of 5.48% and a net margin of 2.54%. The firm had revenue of $338.20 million during the quarter, compared to analysts’ expectations of $324.97 million. During the same quarter in the prior year, the business earned $0.08 earnings per share. The company’s revenue was up 27.9% on a year-over-year basis. As a group, equities research analysts forecast that Dutch Bros Inc. will post 0.39 earnings per share for the current fiscal year.

Insider Activity at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $36.03, for a total transaction of $1,452,837.69. Following the completion of the sale, the insider now owns 125,671 shares in the company, valued at $4,527,926.13. This represents a 24.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Travis Boersma sold 38,339 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $33.48, for a total value of $1,283,589.72. Following the completion of the sale, the chairman now directly owns 15,610 shares in the company, valued at $522,622.80. This trade represents a 71.07 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 578,921 shares of company stock worth $19,662,648. 46.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

BROS has been the topic of several research reports. Wedbush upped their price objective on shares of Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Piper Sandler upped their price target on shares of Dutch Bros from $36.00 to $51.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Stifel Nicolaus lifted their price objective on Dutch Bros from $42.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. upped their target price on Dutch Bros from $44.00 to $48.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Finally, Robert W. Baird lifted their price target on Dutch Bros from $37.00 to $46.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $49.40.

Dutch Bros Company 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.