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

Cherry Creek Investment Advisors Inc. increased its holdings in Dutch Bros Inc. (NYSE:BROS - Free Report) by 63.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,253 shares of the company's stock after acquiring an additional 8,282 shares during the period. Cherry Creek Investment Advisors Inc.'s holdings in Dutch Bros were worth $1,312,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of Dutch Bros during the 4th quarter worth approximately $94,478,000. Scratch Capital LLC bought a new position in Dutch Bros during the fourth quarter valued at $1,260,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Dutch Bros in the fourth quarter worth $267,000. Versor Investments LP raised its stake in shares of Dutch Bros by 128.7% in the fourth quarter. Versor Investments LP now owns 18,400 shares of the company's stock valued at $964,000 after buying an additional 10,355 shares during the period. Finally, New York State Common Retirement Fund raised its stake in shares of Dutch Bros by 2.0% in the fourth quarter. New York State Common Retirement Fund now owns 248,423 shares of the company's stock valued at $13,012,000 after buying an additional 4,956 shares during the period. 85.54% of the stock is currently owned by institutional investors.

Dutch Bros Price Performance

NYSE BROS traded up $1.71 during trading hours on Monday, reaching $69.32. 3,216,064 shares of the stock traded hands, compared to its average volume of 3,163,396. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.95 and a quick ratio of 1.75. The stock has a 50 day simple moving average of $66.47 and a two-hundred day simple moving average of $63.72. Dutch Bros Inc. has a 1 year low of $26.96 and a 1 year high of $86.88. The company has a market cap of $11.40 billion, a price-to-earnings ratio of 177.75, a price-to-earnings-growth ratio of 3.94 and a beta of 2.73.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on BROS shares. Stifel Nicolaus reduced their target price on shares of Dutch Bros from $85.00 to $82.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Piper Sandler dropped their price objective on Dutch Bros from $70.00 to $63.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Robert W. Baird raised their target price on Dutch Bros from $66.00 to $72.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. UBS Group decreased their price target on Dutch Bros from $90.00 to $80.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. Finally, TD Securities reissued a "buy" rating and issued a $78.00 price target on shares of Dutch Bros in a report on Thursday, May 8th. One investment analyst has rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $75.73.

Insider Activity

In other Dutch Bros news, Chairman Travis Boersma sold 704,995 shares of the business's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $68.24, for a total value of $48,108,858.80. Following the transaction, the chairman now owns 2,218,611 shares in the company, valued at approximately $151,398,014.64. The trade was a 24.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 155,322 shares of the company's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $68.24, for a total transaction of $10,599,173.28. Following the transaction, the insider now directly owns 2,218,611 shares of the company's stock, valued at approximately $151,398,014.64. This trade represents a 6.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,465,214 shares of company stock valued at $237,721,138. 42.40% of the stock is currently owned by insiders.

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.