Clear Creek Financial Management LLC Purchases New Holdings in Dutch Bros Inc. (NYSE:BROS)

Clear Creek Financial Management LLC acquired a new stake in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,494 shares of the company's stock, valued at approximately $288,000.

Several other hedge funds have also recently added to or reduced their stakes in BROS. R Squared Ltd acquired a new stake in shares of Dutch Bros in the fourth quarter worth $25,000. Jamison Private Wealth Management Inc. boosted its stake in shares of Dutch Bros by 150.2% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company's stock valued at $27,000 after buying an additional 500 shares during the period. Hollencrest Capital Management grew its holdings in shares of Dutch Bros by 52.3% during the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company's stock valued at $29,000 after acquiring an additional 314 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Dutch Bros in the third quarter worth $36,000. Finally, nVerses Capital LLC purchased a new stake in shares of Dutch Bros during the third quarter worth $38,000. Institutional investors and hedge funds own 85.54% of the company's stock.

Dutch Bros Stock Performance

BROS traded up $2.05 during trading on Thursday, hitting $67.75. The stock had a trading volume of 2,627,214 shares, compared to its average volume of 2,293,771. The company has a current ratio of 1.90, a quick ratio of 1.68 and a debt-to-equity ratio of 0.79. Dutch Bros Inc. has a 12 month low of $25.46 and a 12 month high of $67.78. The company has a 50 day simple moving average of $56.85 and a 200-day simple moving average of $43.45. The firm has a market cap of $10.45 billion, a PE ratio of 233.62, a P/E/G ratio of 3.58 and a beta of 2.73.

Dutch Bros (NYSE:BROS - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.04. Dutch Bros had a return on equity of 5.48% and a net margin of 2.54%. The business had revenue of $338.20 million for the quarter, compared to analyst estimates of $324.97 million. During the same period in the previous year, the company posted $0.08 earnings per share. The firm's revenue for the quarter was up 27.9% on a year-over-year basis. Analysts expect that Dutch Bros Inc. will post 0.39 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BROS. Jefferies Financial Group boosted their target price on Dutch Bros from $60.00 to $69.00 and gave the company a "buy" rating in a research note on Wednesday, January 15th. UBS Group boosted their price target on Dutch Bros from $44.00 to $65.00 and gave the company a "buy" rating in a research note on Friday, December 6th. Stifel Nicolaus raised their price objective on shares of Dutch Bros from $53.00 to $62.00 and gave the company a "buy" rating in a research report on Friday, January 10th. Bank of America boosted their target price on shares of Dutch Bros from $61.00 to $72.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Finally, Piper Sandler raised their price target on shares of Dutch Bros from $36.00 to $51.00 and gave the company a "neutral" rating in a report on Monday, November 11th. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $60.09.

About Dutch Bros

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.