Virtu Financial LLC Sells 8,676 Shares of Dutch Bros Inc. (NYSE:BROS)

Virtu Financial LLC lessened its stake in shares of Dutch Bros Inc. (NYSE:BROS) by 48.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,210 shares of the company’s stock after selling 8,676 shares during the period. Virtu Financial LLC’s holdings in Dutch Bros were worth $482,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Wasatch Advisors LP grew its holdings in Dutch Bros by 232.1% during the 3rd quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock worth $132,229,000 after acquiring an additional 2,885,306 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Dutch Bros in the 4th quarter worth approximately $94,478,000. Wellington Management Group LLP boosted its stake in shares of Dutch Bros by 135.7% during the third quarter. Wellington Management Group LLP now owns 1,983,368 shares of the company’s stock valued at $63,527,000 after purchasing an additional 1,141,913 shares in the last quarter. Concurrent Investment Advisors LLC increased its holdings in Dutch Bros by 317.4% during the fourth quarter. Concurrent Investment Advisors LLC now owns 1,028,605 shares of the company’s stock valued at $53,878,000 after buying an additional 782,164 shares during the period. Finally, Joho Capital LLC raised its stake in Dutch Bros by 40.7% in the third quarter. Joho Capital LLC now owns 1,919,514 shares of the company’s stock worth $61,482,000 after buying an additional 555,000 shares in the last quarter. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Dutch Bros Trading Down 0.9 %

Dutch Bros stock opened at $69.81 on Wednesday. The stock has a 50-day moving average price of $67.55 and a 200 day moving average price of $52.19. The company has a market capitalization of $10.76 billion, a price-to-earnings ratio of 205.33, a price-to-earnings-growth ratio of 4.23 and a beta of 2.65. Dutch Bros Inc. has a 52 week low of $26.85 and a 52 week high of $86.88. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77.

Insider Buying and Selling at Dutch Bros

In related news, 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 sale, the chairman now directly owns 2,640,779 shares of the company’s stock, valued at $197,451,045.83. This trade represents a 20.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $75.91, for a total value of $13,824,956.93. Following the completion of the transaction, the insider now directly owns 2,310,834 shares of the company’s stock, valued at $175,415,408.94. The trade was a 7.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,643,632 shares of company stock worth $201,509,627. Company insiders own 46.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Baird R W upgraded Dutch Bros from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. UBS Group boosted their target price on shares of Dutch Bros from $67.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Bank of America increased their price target on shares of Dutch Bros from $61.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, January 27th. William Blair reaffirmed an “outperform” rating on shares of Dutch Bros in a research report on Tuesday, December 17th. Finally, Jefferies Financial Group increased their target price on shares of Dutch Bros from $60.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. One equities research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Dutch Bros has an average rating of “Buy” and an average price target of $76.23.

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.