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

Virtu Financial LLC decreased its holdings in Dutch Bros Inc. (NYSE:BROS) by 48.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 9,210 shares of the company’s stock after selling 8,676 shares during the quarter. Virtu Financial LLC’s holdings in Dutch Bros were worth $482,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of BROS. R Squared Ltd purchased a new stake in shares of Dutch Bros in the fourth quarter valued at approximately $25,000. Point72 Hong Kong Ltd acquired a new stake in Dutch Bros in the 3rd quarter valued at $36,000. Fortitude Family Office LLC purchased a new stake in Dutch Bros in the 4th quarter worth $41,000. Wilmington Savings Fund Society FSB acquired a new position in Dutch Bros during the third quarter worth $50,000. Finally, SBI Securities Co. Ltd. purchased a new position in Dutch Bros during the fourth quarter valued at $53,000. Institutional investors and hedge funds own 85.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Morgan Stanley began coverage on shares of Dutch Bros in a research report on Monday. They set an “overweight” rating and a $82.00 price target for the company. Wedbush raised their target price on Dutch Bros from $65.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Stifel Nicolaus boosted their price target on Dutch Bros from $74.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Barclays upgraded Dutch Bros from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $38.00 to $70.00 in a report on Tuesday, January 7th. Finally, Jefferies Financial Group upped their target price on shares of Dutch Bros from $60.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. One research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Dutch Bros presently has an average rating of “Buy” and a consensus target price of $76.23.

Insider Activity

In other news, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $77.73, for a total transaction of $22,674,385.11. Following the completion of the transaction, the insider now directly owns 2,903,316 shares in the company, valued at approximately $225,674,752.68. This represents a 9.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Travis Boersma sold 679,996 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $74.77, for a total transaction of $50,843,300.92. Following the completion of the sale, the chairman now owns 2,640,779 shares in the company, valued at approximately $197,451,045.83. This trade represents a 20.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,643,632 shares of company stock valued at $201,509,627. 46.50% of the stock is currently owned by company insiders.

Dutch Bros Price Performance

Shares of BROS stock opened at $69.81 on Wednesday. The firm’s 50-day moving average is $67.55 and its two-hundred day moving average is $52.19. Dutch Bros Inc. has a 12 month low of $26.85 and a 12 month high of $86.88. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.76 and a quick ratio of 1.58. The company has a market capitalization of $10.76 billion, a PE ratio of 205.33, a price-to-earnings-growth ratio of 4.23 and a beta of 2.65.

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.