Cherry Creek Investment Advisors Inc. Has $415,000 Holdings in Dutch Bros Inc. (NYSE:BROS)

Cherry Creek Investment Advisors Inc. raised its position in Dutch Bros Inc. (NYSE:BROS) by 8.4% during the third quarter, Holdings Channel.com reports. The institutional investor 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 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Arcadia Investment Management Corp MI acquired a new position in Dutch Bros in the second quarter valued at about $27,000. Quest Partners LLC boosted its position in Dutch Bros by 3,321.7% in the second quarter. Quest Partners LLC now owns 787 shares of the company’s stock valued at $33,000 after buying an additional 764 shares in the last quarter. Transcendent Capital Group LLC acquired a new position in Dutch Bros in the first quarter valued at about $26,000. Jamison Private Wealth Management Inc. lifted its position in shares of Dutch Bros by 150.2% during the third quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock worth $27,000 after purchasing an additional 500 shares in the last quarter. Finally, Abound Wealth Management acquired a new position in shares of Dutch Bros during the second quarter worth approximately $39,000. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Guggenheim upgraded shares of Dutch Bros from a “neutral” rating to a “buy” rating in a research report on Thursday, August 8th. Stifel Nicolaus reduced their target price on shares of Dutch Bros from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Piper Sandler lowered shares of Dutch Bros from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $41.00 to $36.00 in a research report on Monday, August 19th. TD Cowen reiterated a “buy” rating and set a $47.00 target price on shares of Dutch Bros in a research report on Thursday, September 12th. Finally, Wedbush reiterated an “outperform” rating and set a $45.00 target price 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 company. According to MarketBeat.com, Dutch Bros presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.20.

Dutch Bros Stock Up 0.0 %

Dutch Bros stock opened at $34.76 on Thursday. The stock has a market capitalization of $6.16 billion, a PE ratio of 193.11, a price-to-earnings-growth ratio of 2.55 and a beta of 2.49. Dutch Bros Inc. has a twelve month low of $23.31 and a twelve month high of $43.49. The company has a quick ratio of 1.88, a current ratio of 2.19 and a debt-to-equity ratio of 0.82. The company has a 50 day moving average of $32.70 and a 200-day moving average of $34.74.

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 the consensus estimate of $0.13 by $0.06. The company had revenue of $324.92 million during the quarter, compared to analysts’ expectations of $317.39 million. Dutch Bros had a net margin of 1.95% and a return on equity of 3.99%. The business’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.07 earnings per share. On average, equities research analysts anticipate that Dutch Bros Inc. will post 0.32 EPS for the current fiscal year.

Insider Activity

In related news, Chairman Travis Boersma sold 18,223 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $34.13, for a total transaction of $621,950.99. Following the completion of the transaction, the chairman now owns 263,954 shares in the company, valued at approximately $9,008,750.02. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Chairman Travis Boersma sold 18,223 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $34.13, for a total transaction of $621,950.99. Following the completion of the transaction, the chairman now owns 263,954 shares in the company, valued at approximately $9,008,750.02. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Dm Trust Aggregator, Llc sold 1,800 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $32.00, for a total transaction of $57,600.00. Following the transaction, the insider now owns 712,819 shares of the company’s stock, valued at $22,810,208. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,128,885 shares of company stock worth $36,124,009 over the last quarter. 46.50% of the stock is currently owned by company insiders.

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.