Virtu Financial LLC Boosts Stake in Dutch Bros Inc. $BROS

Virtu Financial LLC increased its holdings in shares of Dutch Bros Inc. (NYSE:BROS) by 62.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,519 shares of the company’s stock after acquiring an additional 9,404 shares during the period. Virtu Financial LLC’s holdings in Dutch Bros were worth $1,501,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of BROS. AdvisorShares Investments LLC lifted its holdings in Dutch Bros by 7.2% in the fourth quarter. AdvisorShares Investments LLC now owns 3,164 shares of the company’s stock valued at $194,000 after acquiring an additional 212 shares during the period. Parkside Financial Bank & Trust grew its stake in shares of Dutch Bros by 9.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,466 shares of the company’s stock worth $151,000 after purchasing an additional 221 shares during the period. Allworth Financial LP grew its stake in shares of Dutch Bros by 7.5% during the 3rd quarter. Allworth Financial LP now owns 3,312 shares of the company’s stock worth $173,000 after purchasing an additional 232 shares during the period. Lazard Asset Management LLC increased its holdings in shares of Dutch Bros by 6.5% in the 3rd quarter. Lazard Asset Management LLC now owns 4,434 shares of the company’s stock valued at $232,000 after purchasing an additional 270 shares in the last quarter. Finally, Quarry LP increased its holdings in shares of Dutch Bros by 83.5% in the 4th quarter. Quarry LP now owns 600 shares of the company’s stock valued at $37,000 after purchasing an additional 273 shares in the last quarter. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Dutch Bros Trading Down 0.0%

NYSE:BROS opened at $70.70 on Friday. Dutch Bros Inc. has a 52-week low of $44.58 and a 52-week high of $74.65. The company has a quick ratio of 1.19, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. The stock has a fifty day simple moving average of $56.43 and a 200-day simple moving average of $56.43. The company has a market capitalization of $12.35 billion, a PE ratio of 110.47, a price-to-earnings-growth ratio of 2.29 and a beta of 2.36.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates of $0.16. Dutch Bros had a net margin of 4.61% and a return on equity of 9.42%. The firm had revenue of $464.41 million for the quarter, compared to analysts’ expectations of $449.69 million. During the same period in the prior year, the company earned $0.14 EPS. The firm’s revenue was up 30.7% on a year-over-year basis. On average, equities research analysts expect that Dutch Bros Inc. will post 0.84 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on BROS shares. UBS Group reiterated a “buy” rating on shares of Dutch Bros in a research note on Wednesday, May 20th. DA Davidson reaffirmed a “buy” rating and issued a $75.00 target price on shares of Dutch Bros in a report on Monday, June 1st. KeyCorp lifted their price target on shares of Dutch Bros from $77.00 to $79.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Dutch Bros in a research note on Monday, April 20th. Finally, Citigroup upped their price target on Dutch Bros from $84.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Dutch Bros currently has a consensus rating of “Moderate Buy” and a consensus price target of $76.00.

Insider Buying and Selling at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 750,000 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $63.02, for a total value of $47,265,000.00. Following the sale, the chairman owned 2,410,800 shares of the company’s stock, valued at $151,928,616. This represents a 23.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Dm Individual Aggregator, Llc sold 261,055 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $63.02, for a total transaction of $16,451,686.10. Following the completion of the sale, the insider owned 2,410,800 shares in the company, valued at $151,928,616. This represents a 9.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 4,086,245 shares of company stock valued at $243,021,771 over the last quarter. Corporate insiders own 38.90% of the company’s stock.

Dutch Bros Company Profile

Dutch Bros Coffee, trading on the NYSE under the ticker BROS, is an American drive-through coffee chain known for its quick-service model and community-focused brand. Founded in 1992 by brothers Dane and Travis Boersma in Grants Pass, Oregon, the company began as a single coffee stand and has since expanded its footprint across numerous U.S. markets. Dutch Bros specializes in handcrafted espresso drinks, drip coffee, cold brew, energy drinks, smoothies, teas, and a variety of signature “Dutch Freeze” and “Dutch Frost” blended beverages.

The company operates a mix of company-owned and franchised locations, placing a strong emphasis on speed and customer engagement.