Clear Creek Financial Management LLC Takes $288,000 Position in Dutch Bros Inc. (NYSE:BROS)

Clear Creek Financial Management LLC bought a new position in shares of Dutch Bros Inc. (NYSE:BROS) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,494 shares of the company’s stock, valued at approximately $288,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BROS. Baillie Gifford & Co. acquired a new position in shares of Dutch Bros during the 3rd quarter worth about $224,461,000. Wasatch Advisors LP raised its stake in Dutch Bros by 232.1% in the third quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock valued at $132,229,000 after buying an additional 2,885,306 shares during the period. Eagle Asset Management Inc. lifted its position in shares of Dutch Bros by 58.0% in the third quarter. Eagle Asset Management Inc. now owns 2,020,447 shares of the company’s stock valued at $64,715,000 after buying an additional 741,771 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Dutch Bros by 135.7% during the 3rd quarter. Wellington Management Group LLP now owns 1,983,368 shares of the company’s stock worth $63,527,000 after acquiring an additional 1,141,913 shares during the period. Finally, Joho Capital LLC increased its holdings in shares of Dutch Bros by 40.7% during the 3rd quarter. Joho Capital LLC now owns 1,919,514 shares of the company’s stock worth $61,482,000 after acquiring an additional 555,000 shares during the last quarter. 85.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on BROS. Bank of America lifted their price objective 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. William Blair reiterated an “outperform” rating on shares of Dutch Bros in a research note on Tuesday, December 17th. TD Cowen increased their price target on shares of Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Stifel Nicolaus boosted their price objective on Dutch Bros from $53.00 to $62.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Finally, Piper Sandler increased their target price on Dutch Bros from $36.00 to $51.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Dutch Bros presently has an average rating of “Buy” and a consensus price target of $60.09.

Dutch Bros Stock Down 1.0 %

Shares of NYSE BROS opened at $62.57 on Monday. The stock has a market capitalization of $9.65 billion, a P/E ratio of 215.76, a PEG ratio of 3.54 and a beta of 2.71. The stock’s fifty day moving average is $55.85 and its 200 day moving average is $42.77. Dutch Bros Inc. has a 52 week low of $25.46 and a 52 week high of $63.98. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.68 and a current ratio of 1.90.

Dutch Bros (NYSE:BROS) last released its earnings results 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 2.54% and a return on equity of 5.48%. The firm had revenue of $338.20 million for the quarter, compared to analyst estimates of $324.97 million. During the same period last year, the firm earned $0.08 EPS. The business’s quarterly revenue was up 27.9% compared to the same quarter last year. Sell-side analysts forecast that Dutch Bros Inc. will post 0.39 earnings per share 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.