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

Creative Planning grew its holdings in Dutch Bros Inc. (NYSE:BROS) by 5.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,673 shares of the company’s stock after acquiring an additional 405 shares during the period. Creative Planning’s holdings in Dutch Bros were worth $318,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Transcendent Capital Group LLC purchased a new stake in shares of Dutch Bros in the first quarter worth about $26,000. Arcadia Investment Management Corp MI purchased a new stake in shares of Dutch Bros in the second quarter worth about $27,000. Quest Partners LLC lifted its position in shares of Dutch Bros by 3,321.7% in the second quarter. Quest Partners LLC now owns 787 shares of the company’s stock worth $33,000 after buying an additional 764 shares in the last quarter. Abound Wealth Management purchased a new stake in shares of Dutch Bros in the second quarter worth about $39,000. Finally, Redwood Wealth Management Group LLC purchased a new stake in shares of Dutch Bros in the second quarter worth about $72,000. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Dutch Bros

In other news, Chairman Travis Boersma sold 18,223 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $34.13, for a total value of $621,950.99. Following the completion of the sale, the chairman now owns 263,954 shares of the company’s stock, valued at approximately $9,008,750.02. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Chairman Travis Boersma sold 18,223 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $34.13, for a total value of $621,950.99. Following the sale, the chairman now owns 263,954 shares of the company’s stock, valued at approximately $9,008,750.02. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Dm Trust Aggregator, Llc sold 1,800 shares of Dutch Bros stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $32.00, for a total value of $57,600.00. Following the sale, the insider now directly owns 712,819 shares in the company, valued at $22,810,208. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,128,885 shares of company stock valued at $36,124,009. Insiders own 46.50% of the company’s stock.

Dutch Bros Trading Down 0.5 %

NYSE BROS opened at $34.70 on Friday. Dutch Bros Inc. has a 52-week low of $23.31 and a 52-week 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 stock has a market capitalization of $6.15 billion, a P/E ratio of 192.50, a P/E/G ratio of 2.55 and a beta of 2.49. The firm has a 50-day moving average price of $32.18 and a 200 day moving average price of $34.66.

Dutch Bros (NYSE:BROS) last announced its earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. The firm had revenue of $324.92 million for the quarter, compared to analyst estimates of $317.39 million. Dutch Bros had a net margin of 1.95% and a return on equity of 3.99%. Dutch Bros’s revenue was up 30.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.07 earnings per share. Equities research analysts expect that Dutch Bros Inc. will post 0.32 EPS for the current year.

Wall Street Analyst Weigh In

BROS has been the topic of several analyst reports. Guggenheim raised Dutch Bros from a “neutral” rating to a “buy” rating in a research note on Thursday, August 8th. Robert W. Baird reduced their price objective on Dutch Bros from $42.00 to $37.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. UBS Group raised Dutch Bros from a “neutral” rating to a “buy” rating and set a $39.00 price objective on the stock in a research note on Thursday, August 15th. Wedbush reissued an “outperform” rating and set a $45.00 price objective on shares of Dutch Bros in a research note on Monday. Finally, Stifel Nicolaus reduced their price objective on Dutch Bros from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $40.20.

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.