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

Virtu Financial LLC purchased a new position in Dutch Bros Inc. (NYSE:BROS - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 17,886 shares of the company's stock, valued at approximately $573,000.

Several other institutional investors have also made changes to their positions in the company. Baillie Gifford & Co. acquired a new stake in Dutch Bros in the third quarter valued at approximately $224,461,000. Charles Schwab Investment Management Inc. lifted its position in shares of Dutch Bros by 35.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 687,527 shares of the company's stock worth $22,021,000 after buying an additional 181,636 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Dutch Bros by 38.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 212,834 shares of the company's stock worth $6,817,000 after acquiring an additional 58,623 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Dutch Bros in the 3rd quarter valued at approximately $1,786,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Dutch Bros in the 3rd quarter worth approximately $1,207,000. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Dutch Bros Price Performance

BROS stock traded down $0.47 during trading on Friday, hitting $52.06. 1,888,195 shares of the stock traded hands, compared to its average volume of 2,793,737. The company has a 50 day simple moving average of $43.24 and a 200 day simple moving average of $38.52. The stock has a market cap of $8.03 billion, a price-to-earnings ratio of 179.52, a P/E/G ratio of 3.89 and a beta of 2.72. The company has a current ratio of 1.90, a quick ratio of 1.68 and a debt-to-equity ratio of 0.79. Dutch Bros Inc. has a one year low of $25.46 and a one year high of $56.10.

Dutch Bros (NYSE:BROS - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.12 by $0.04. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. The business had revenue of $338.20 million during the quarter, compared to analyst estimates of $324.97 million. During the same quarter last year, the business posted $0.08 earnings per share. Dutch Bros's revenue for the quarter was up 27.9% compared to the same quarter last year. Equities analysts expect that Dutch Bros Inc. will post 0.39 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on the company. Stifel Nicolaus increased their price target on Dutch Bros from $42.00 to $53.00 and gave the company a "buy" rating in a report on Thursday, November 14th. Piper Sandler raised their target price on shares of Dutch Bros from $36.00 to $51.00 and gave the company a "neutral" rating in a research note on Monday, November 11th. TD Cowen lifted their target price on shares of Dutch Bros from $47.00 to $53.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Robert W. Baird upped their price target on shares of Dutch Bros from $37.00 to $46.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Finally, UBS Group raised their price target on Dutch Bros from $44.00 to $65.00 and gave the company a "buy" rating in a research report on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $49.40.

Insider Buying and Selling at Dutch Bros

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of the firm's stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $33.38, for a total transaction of $3,867,206.52. Following the completion of the sale, the insider now directly owns 9,817 shares in the company, valued at $327,691.46. This trade represents a 92.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Travis Boersma sold 18,223 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $34.13, for a total value of $621,950.99. Following the transaction, the chairman now owns 263,954 shares in the company, valued at approximately $9,008,750.02. This trade represents a 6.46 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 578,921 shares of company stock valued at $19,662,648. Corporate insiders own 46.50% of the company's stock.

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.