Crestwood Capital Management L.P. Sells 43,630 Shares of Dutch Bros Inc. (NYSE:BROS)

Crestwood Capital Management L.P. reduced its position in Dutch Bros Inc. (NYSE:BROS - Free Report) by 11.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 345,379 shares of the company's stock after selling 43,630 shares during the period. Dutch Bros accounts for approximately 8.5% of Crestwood Capital Management L.P.'s investment portfolio, making the stock its 5th largest holding. Crestwood Capital Management L.P. owned approximately 0.22% of Dutch Bros worth $11,062,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Hollencrest Capital Management increased its stake in shares of Dutch Bros by 52.3% in the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company's stock valued at $29,000 after acquiring an additional 314 shares during the last quarter. Creative Planning raised its stake in Dutch Bros by 5.6% during the 2nd quarter. Creative Planning now owns 7,673 shares of the company's stock worth $318,000 after buying an additional 405 shares during the period. Keudell Morrison Wealth Management grew its stake in Dutch Bros by 4.6% in the third quarter. Keudell Morrison Wealth Management now owns 11,036 shares of the company's stock valued at $353,000 after acquiring an additional 490 shares during the period. Jamison Private Wealth Management Inc. lifted its holdings in shares of Dutch Bros by 150.2% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company's stock valued at $27,000 after purchasing an additional 500 shares in the last quarter. Finally, Cannon Global Investment Management LLC increased its holdings in Dutch Bros by 7.7% during the 3rd quarter. Cannon Global Investment Management LLC now owns 7,000 shares of the company's stock worth $224,000 after purchasing an additional 500 shares in the last quarter. Institutional investors and hedge funds own 85.54% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on BROS shares. Wedbush lifted their price objective on shares of Dutch Bros from $45.00 to $55.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. boosted their price objective on Dutch Bros from $44.00 to $48.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. Stifel Nicolaus lifted their price target on Dutch Bros from $42.00 to $53.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Barclays lifted their target price on Dutch Bros from $31.00 to $38.00 and gave the stock an "equal weight" rating in a report on Friday, November 8th. Finally, UBS Group lifted their price objective on shares of Dutch Bros from $39.00 to $44.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Dutch Bros currently has an average rating of "Moderate Buy" and a consensus price target of $47.30.

Dutch Bros Trading Up 1.6 %

Shares of Dutch Bros stock traded up $0.85 during trading on Tuesday, reaching $52.76. The company's stock had a trading volume of 922,524 shares, compared to its average volume of 2,835,771. The firm's 50-day moving average is $37.60 and its two-hundred day moving average is $36.81. 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 52-week low of $25.46 and a 52-week high of $53.29. The company has a market cap of $8.14 billion, a price-to-earnings ratio of 180.21, a PEG ratio of 4.11 and a beta of 2.47.

Dutch Bros (NYSE:BROS - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share 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 business had revenue of $338.20 million during the quarter, compared to analysts' expectations of $324.97 million. During the same quarter in the prior year, the company posted $0.08 EPS. The firm's revenue for the quarter was up 27.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Dutch Bros Inc. will post 0.39 earnings per share for the current year.

Insider Buying and Selling at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 38,339 shares of Dutch Bros stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $33.48, for a total transaction of $1,283,589.72. Following the transaction, the chairman now owns 15,610 shares of the company's stock, valued at $522,622.80. The trade was a 71.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the stock in a transaction on Monday, October 28th. The shares were sold at an average price of $36.03, for a total transaction of $1,452,837.69. Following the completion of the sale, the insider now directly owns 125,671 shares in the company, valued at approximately $4,527,926.13. This represents a 24.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,065,467 shares of company stock valued at $35,434,372 in the last 90 days. Insiders own 46.50% of the company's stock.

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.