Creative Planning Increases Stake in Dutch Bros Inc. (NYSE:BROS)

Creative Planning increased its holdings in Dutch Bros Inc. (NYSE:BROS) by 62.3% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,451 shares of the company’s stock after purchasing an additional 4,778 shares during the period. Creative Planning’s holdings in Dutch Bros were worth $399,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Transcendent Capital Group LLC bought a new stake in Dutch Bros during the 1st quarter valued at $26,000. Arcadia Investment Management Corp MI bought a new stake in Dutch Bros during the 2nd quarter valued at $27,000. Quest Partners LLC raised its holdings in Dutch Bros by 3,321.7% during the 2nd quarter. Quest Partners LLC now owns 787 shares of the company’s stock valued at $33,000 after buying an additional 764 shares during the last quarter. Abound Wealth Management bought a new stake in Dutch Bros during the 2nd quarter valued at $39,000. Finally, Quarry LP bought a new stake in Dutch Bros during the 2nd quarter valued at $43,000. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on BROS. Robert W. Baird upped their price target on shares of Dutch Bros from $37.00 to $46.00 and gave the company a “neutral” rating in a report on Thursday. Barclays lowered their price target on shares of Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. UBS Group upped their price objective on shares of Dutch Bros from $39.00 to $44.00 and gave the stock a “buy” rating in a report on Thursday. Guggenheim upgraded shares of Dutch Bros from a “neutral” rating to a “buy” rating in a report on Thursday, August 8th. Finally, Piper Sandler lowered shares of Dutch Bros from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $41.00 to $36.00 in a report on Monday, August 19th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $43.60.

Insider Activity at Dutch Bros

In other news, Chairman Travis Boersma sold 800 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $32.00, for a total transaction of $25,600.00. Following the sale, the chairman now owns 466,828 shares of the company’s stock, valued at $14,938,496. 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, Chairman Travis Boersma sold 800 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $32.00, for a total transaction of $25,600.00. Following the sale, the chairman now owns 466,828 shares of the company’s stock, valued at $14,938,496. 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. Also, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $31.60, for a total value of $5,287,154.00. Following the completion of the transaction, the insider now directly owns 467,228 shares in the company, valued at $14,764,404.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,689,583 shares of company stock valued at $55,164,707. 46.50% of the stock is owned by insiders.

Dutch Bros Stock Performance

Shares of BROS stock opened at $44.76 on Friday. Dutch Bros Inc. has a one year low of $25.46 and a one year high of $50.24. The company’s 50-day moving average is $33.53 and its 200 day moving average is $34.99. The company has a market capitalization of $6.90 billion, a price-to-earnings ratio of 179.04, a price-to-earnings-growth ratio of 3.64 and a beta of 2.47. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.88 and a current ratio of 2.19.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.12 by $0.04. Dutch Bros had a net margin of 1.95% and a return on equity of 3.99%. The company had revenue of $338.20 million for the quarter, compared to the consensus estimate of $324.97 million. During the same period in the prior year, the firm posted $0.08 EPS. Dutch Bros’s revenue for the quarter was up 27.9% on a year-over-year basis. Sell-side analysts expect that Dutch Bros Inc. will post 0.33 EPS for the current fiscal year.

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.