Cherry Creek Investment Advisors Inc. Purchases 8,282 Shares of Dutch Bros Inc. (NYSE:BROS)

Cherry Creek Investment Advisors Inc. lifted its stake in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 63.9% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 21,253 shares of the company's stock after buying an additional 8,282 shares during the quarter. Cherry Creek Investment Advisors Inc.'s holdings in Dutch Bros were worth $1,312,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Coppell Advisory Solutions LLC grew its holdings in Dutch Bros by 638.6% in the 4th quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company's stock valued at $27,000 after buying an additional 447 shares in the last quarter. AdvisorNet Financial Inc acquired a new position in shares of Dutch Bros in the first quarter valued at about $31,000. Bernard Wealth Management Corp. bought a new position in Dutch Bros during the fourth quarter worth about $43,000. Gould Capital LLC increased its position in Dutch Bros by 20.4% during the fourth quarter. Gould Capital LLC now owns 826 shares of the company's stock worth $43,000 after acquiring an additional 140 shares during the period. Finally, GAMMA Investing LLC raised its stake in Dutch Bros by 85.3% in the 1st quarter. GAMMA Investing LLC now owns 821 shares of the company's stock worth $51,000 after purchasing an additional 378 shares in the last quarter. Institutional investors own 85.54% of the company's stock.

Dutch Bros Stock Down 2.6%

Dutch Bros stock traded down $1.80 during trading on Wednesday, hitting $68.59. 2,376,640 shares of the company were exchanged, compared to its average volume of 3,155,713. The company has a market capitalization of $11.28 billion, a P/E ratio of 175.88, a PEG ratio of 4.10 and a beta of 2.73. The business's 50 day moving average is $66.94 and its 200 day moving average is $63.80. Dutch Bros Inc. has a 52 week low of $26.96 and a 52 week high of $86.88. The company has a current ratio of 1.95, a quick ratio of 1.75 and a debt-to-equity ratio of 0.80.

Dutch Bros (NYSE:BROS - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.11 by $0.03. Dutch Bros had a net margin of 3.20% and a return on equity of 7.73%. The company had revenue of $355.15 million during the quarter, compared to the consensus estimate of $343.30 million. During the same quarter in the prior year, the company posted $0.09 earnings per share. The firm's revenue for the quarter was up 28.7% on a year-over-year basis. Analysts predict that Dutch Bros Inc. will post 0.57 earnings per share for the current year.

Insider Transactions at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 531,526 shares of the firm's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $72.02, for a total transaction of $38,280,502.52. Following the completion of the sale, the insider now owns 2,373,933 shares in the company, valued at approximately $170,970,654.66. This trade represents a 18.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Travis Boersma sold 540,638 shares of Dutch Bros stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $65.95, for a total transaction of $35,655,076.10. Following the completion of the sale, the chairman now directly owns 2,099,499 shares in the company, valued at approximately $138,461,959.05. This represents a 20.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,465,214 shares of company stock worth $237,721,138 in the last 90 days. Insiders own 42.40% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Wells Fargo & Company began coverage on Dutch Bros in a report on Wednesday, March 26th. They issued an "overweight" rating and a $80.00 price objective for the company. UBS Group reduced their target price on shares of Dutch Bros from $90.00 to $80.00 and set a "buy" rating on the stock in a report on Monday, May 5th. Barclays increased their price target on Dutch Bros from $76.00 to $82.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Guggenheim lifted their target price on shares of Dutch Bros from $54.00 to $72.00 and gave the stock a "buy" rating in a research note on Monday, March 31st. Finally, Wedbush reissued an "outperform" rating and issued a $90.00 price target on shares of Dutch Bros in a research note on Monday, March 31st. One research analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $75.73.

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.