RPG Investment Advisory LLC Takes $227,000 Position in Dutch Bros Inc. (NYSE:BROS)

RPG Investment Advisory LLC bought a new stake in shares of Dutch Bros Inc. (NYSE:BROS) in the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 7,090 shares of the company’s stock, valued at approximately $227,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hollencrest Capital Management raised its holdings in shares of Dutch Bros by 52.3% in the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after purchasing an additional 314 shares in the last quarter. Creative Planning increased its position in shares of Dutch Bros by 5.6% in the second quarter. Creative Planning now owns 7,673 shares of the company’s stock worth $318,000 after acquiring an additional 405 shares in the last quarter. Keudell Morrison Wealth Management increased its position in shares of Dutch Bros by 4.6% in the third quarter. Keudell Morrison Wealth Management now owns 11,036 shares of the company’s stock worth $353,000 after acquiring an additional 490 shares in the last quarter. Jamison Private Wealth Management Inc. increased its position in shares of Dutch Bros by 150.2% in the third quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock worth $27,000 after acquiring an additional 500 shares in the last quarter. Finally, Cannon Global Investment Management LLC grew its position in Dutch Bros by 7.7% in the third quarter. Cannon Global Investment Management LLC now owns 7,000 shares of the company’s stock worth $224,000 after acquiring an additional 500 shares in the last quarter. 85.54% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Chairman Travis Boersma sold 426,891 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $31.59, for a total value of $13,485,486.69. Following the transaction, the chairman now directly owns 467,228 shares in the company, valued at $14,759,732.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Chairman Travis Boersma sold 426,891 shares of Dutch Bros stock in a transaction on Monday, August 19th. The stock was sold at an average price of $31.59, for a total transaction of $13,485,486.69. Following the sale, the chairman now directly owns 467,228 shares in the company, valued at $14,759,732.52. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 stock was sold at an average price of $32.00, for a total value of $57,600.00. Following the sale, the insider now owns 712,819 shares in the company, valued at $22,810,208. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,689,583 shares of company stock worth $55,164,707 in the last ninety days. Corporate insiders own 46.50% of the company’s stock.

Dutch Bros Trading Up 0.7 %

BROS opened at $48.78 on Wednesday. The stock has a market capitalization of $7.52 billion, a price-to-earnings ratio of 168.21, a P/E/G ratio of 4.62 and a beta of 2.47. The company has a quick ratio of 1.68, a current ratio of 1.90 and a debt-to-equity ratio of 0.79. Dutch Bros Inc. has a twelve month low of $25.46 and a twelve month high of $50.24. The company has a 50-day simple moving average of $34.56 and a 200 day simple moving average of $35.49.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. The business had revenue of $338.20 million during the quarter, compared to analyst estimates of $324.97 million. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. The firm’s quarterly revenue was up 27.9% on a year-over-year basis. During the same quarter last year, the business earned $0.08 EPS. Analysts predict that Dutch Bros Inc. will post 0.33 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Robert W. Baird boosted their price objective on shares of Dutch Bros from $37.00 to $46.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Guggenheim upgraded shares of Dutch Bros from a “neutral” rating to a “buy” rating in a research note on Thursday, August 8th. Wedbush boosted their price objective on shares of Dutch Bros from $45.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. TD Cowen upped their target price on shares of Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Barclays increased their price target on shares of Dutch Bros from $31.00 to $38.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Dutch Bros has a consensus rating of “Moderate Buy” and an average price target of $45.80.

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.