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

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

Several other hedge funds have also bought and sold shares of the company. R Squared Ltd bought a new stake in Dutch Bros in the fourth quarter valued at approximately $25,000. Fortitude Family Office LLC acquired a new position in shares of Dutch Bros during the 4th quarter worth approximately $41,000. Bernard Wealth Management Corp. acquired a new stake in Dutch Bros during the 4th quarter valued at $43,000. SBI Securities Co. Ltd. bought a new position in shares of Dutch Bros in the fourth quarter valued at about $53,000. Finally, Arcadia Investment Management Corp MI bought a new stake in shares of Dutch Bros during the 4th quarter worth about $60,000. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Dutch Bros Stock Performance

NYSE:BROS opened at $58.26 on Friday. Dutch Bros Inc. has a 1 year low of $26.85 and a 1 year 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 business has a fifty day simple moving average of $66.42 and a two-hundred day simple moving average of $54.92. The company has a market capitalization of $8.98 billion, a P/E ratio of 171.36, a P/E/G ratio of 4.23 and a beta of 2.71.

Insider Buying and Selling at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $74.77, for a total transaction of $19,629,891.49. Following the sale, the insider now directly owns 2,640,779 shares in the company, valued at approximately $197,451,045.83. The trade was a 9.04 % 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 755,551 shares of Dutch Bros stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $77.73, for a total value of $58,728,979.23. Following the transaction, the chairman now directly owns 2,903,316 shares of the company’s stock, valued at $225,674,752.68. The trade was a 20.65 % 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. 46.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

BROS has been the topic of a number of research reports. Morgan Stanley set a $80.00 price objective on Dutch Bros and gave the company an “overweight” rating in a report on Monday. Guggenheim raised their target price on shares of Dutch Bros from $54.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, March 31st. UBS Group boosted their price target on Dutch Bros from $67.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Bank of America lifted their price objective on Dutch Bros from $61.00 to $72.00 and gave the company a “buy” rating in a report on Monday, January 27th. Finally, Stifel Nicolaus raised their target price on shares of Dutch Bros from $74.00 to $85.00 and gave the company a “buy” rating in a report on Friday, February 28th. One investment analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Dutch Bros has a consensus rating of “Buy” and a consensus target price of $76.14.

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.