XTX Topco Ltd Invests $686,000 in Dutch Bros Inc. (NYSE:BROS)

XTX Topco Ltd purchased a new position in Dutch Bros Inc. (NYSE:BROS - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 13,098 shares of the company's stock, valued at approximately $686,000.

Other institutional investors also recently made changes to their positions in the company. R Squared Ltd purchased a new stake in shares of Dutch Bros in the fourth quarter valued at $25,000. Fortitude Family Office LLC purchased a new stake in shares of Dutch Bros in the fourth quarter valued at $41,000. Bernard Wealth Management Corp. purchased a new stake in shares of Dutch Bros in the fourth quarter valued at $43,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Dutch Bros in the third quarter valued at $50,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Dutch Bros in the fourth quarter valued at $53,000. 85.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BROS has been the subject of a number of research analyst reports. Robert W. Baird reduced their target price on Dutch Bros from $80.00 to $66.00 and set an "outperform" rating for the company in a report on Monday, April 7th. Wedbush reiterated an "outperform" rating and set a $90.00 price objective on shares of Dutch Bros in a report on Monday, March 31st. JPMorgan Chase & Co. increased their price objective on Dutch Bros from $58.00 to $80.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. Piper Sandler increased their price objective on Dutch Bros from $51.00 to $70.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Finally, UBS Group increased their price objective on Dutch Bros from $67.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. One research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $76.57.

Dutch Bros Stock Performance

BROS stock traded up $2.37 during trading on Wednesday, reaching $61.05. 783,964 shares of the stock were exchanged, compared to its average volume of 3,262,419. Dutch Bros Inc. has a twelve month low of $26.85 and a twelve month high of $86.88. The company has a market capitalization of $9.41 billion, a P/E ratio of 179.56, a price-to-earnings-growth ratio of 4.23 and a beta of 2.71. The stock has a 50 day simple moving average of $65.48 and a 200-day simple moving average of $55.80. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77.

Insider Buying and Selling

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the firm's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $75.91, for a total transaction of $13,824,956.93. Following the completion of the transaction, the insider now owns 2,310,834 shares in the company, valued at $175,415,408.94. This trade represents a 7.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Travis Boersma sold 679,996 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $74.77, for a total transaction of $50,843,300.92. Following the transaction, the chairman now owns 2,640,779 shares of the company's stock, valued at approximately $197,451,045.83. This represents a 20.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,643,632 shares of company stock valued at $201,509,627 over the last three months. 42.40% of the stock is owned by corporate insiders.

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.