Dutch Bros Inc. (NYSE:BROS) Shares Bought by Cherry Creek Investment Advisors Inc.

Cherry Creek Investment Advisors Inc. raised its position in Dutch Bros Inc. (NYSE:BROS) by 8.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,971 shares of the company’s stock after purchasing an additional 1,009 shares during the quarter. Cherry Creek Investment Advisors Inc.’s holdings in Dutch Bros were worth $415,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Private Advisor Group LLC increased its stake in shares of Dutch Bros by 269.1% during the third quarter. Private Advisor Group LLC now owns 24,924 shares of the company’s stock valued at $798,000 after acquiring an additional 18,171 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of Dutch Bros by 3.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 867,653 shares of the company’s stock valued at $27,791,000 after acquiring an additional 30,437 shares during the period. Inspire Advisors LLC increased its stake in shares of Dutch Bros by 45.5% during the third quarter. Inspire Advisors LLC now owns 23,433 shares of the company’s stock valued at $751,000 after acquiring an additional 7,331 shares during the period. nVerses Capital LLC acquired a new position in shares of Dutch Bros during the third quarter valued at approximately $38,000. Finally, Bfsg LLC increased its stake in shares of Dutch Bros by 11.6% during the third quarter. Bfsg LLC now owns 30,840 shares of the company’s stock valued at $988,000 after acquiring an additional 3,210 shares during the period. Institutional investors and hedge funds own 85.54% of the company’s stock.

Insider Buying and Selling

In related news, Chairman Travis Boersma sold 426,891 shares of Dutch Bros stock in a transaction on Monday, August 19th. The shares were sold at an average price of $31.59, for a total value of $13,485,486.69. Following the transaction, the chairman now owns 467,228 shares in the company, valued at $14,759,732.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $31.60, for a total transaction of $5,287,154.00. Following the transaction, the insider now owns 467,228 shares in the company, valued at approximately $14,764,404.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Travis Boersma sold 426,891 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $31.59, for a total transaction of $13,485,486.69. Following the transaction, the chairman now owns 467,228 shares in the company, valued at approximately $14,759,732.52. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,128,885 shares of company stock worth $36,124,009 in the last quarter. 46.50% of the stock is currently owned by company insiders.

Dutch Bros Stock Up 0.0 %

Dutch Bros stock opened at $34.76 on Thursday. The company has a market capitalization of $6.16 billion, a P/E ratio of 193.11, a P/E/G ratio of 2.55 and a beta of 2.49. The firm’s fifty day simple moving average is $32.70 and its 200-day simple moving average is $34.74. The company has a current ratio of 2.19, a quick ratio of 1.88 and a debt-to-equity ratio of 0.82. Dutch Bros Inc. has a 1-year low of $23.31 and a 1-year high of $43.49.

Dutch Bros (NYSE:BROS) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. The business had revenue of $324.92 million for the quarter, compared to the consensus estimate of $317.39 million. Dutch Bros had a net margin of 1.95% and a return on equity of 3.99%. Dutch Bros’s revenue for the quarter was up 30.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.07 EPS. Sell-side analysts forecast that Dutch Bros Inc. will post 0.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BROS has been the topic of several recent research reports. UBS Group upgraded shares of Dutch Bros from a “neutral” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Thursday, August 15th. Barclays decreased their price target on shares of Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Friday, August 9th. Guggenheim upgraded shares of Dutch Bros from a “neutral” rating to a “buy” rating in a research report on Thursday, August 8th. Piper Sandler lowered shares of Dutch Bros from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $41.00 to $36.00 in a research report on Monday, August 19th. Finally, Wedbush restated an “outperform” rating and issued a $45.00 price target on shares of Dutch Bros in a research report on Monday, October 14th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $40.20.

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.