Dutch Bros (NYSE:BROS) Director Todd Allan Penegor Purchases 2,000 Shares

Dutch Bros Inc. (NYSE:BROS) Director Todd Allan Penegor bought 2,000 shares of the company’s stock in a transaction on Friday, May 15th. The stock was purchased at an average price of $51.17 per share, with a total value of $102,340.00. Following the completion of the transaction, the director directly owned 5,358 shares of the company’s stock, valued at approximately $274,168.86. The trade was a 59.56% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Dutch Bros Stock Up 2.2%

NYSE:BROS opened at $51.12 on Friday. The firm’s 50 day simple moving average is $52.46 and its 200 day simple moving average is $55.82. The company has a market cap of $8.93 billion, a PE ratio of 79.87, a P/E/G ratio of 1.65 and a beta of 2.40. Dutch Bros Inc. has a one year low of $44.58 and a one year high of $77.88. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 1.19.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. The company had revenue of $464.41 million for the quarter, compared to analysts’ expectations of $449.70 million. Dutch Bros had a net margin of 4.61% and a return on equity of 9.42%. Dutch Bros’s revenue for the quarter was up 30.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.14 earnings per share. On average, research analysts anticipate that Dutch Bros Inc. will post 0.82 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on BROS shares. UBS Group reissued a “buy” rating on shares of Dutch Bros in a research note on Friday, April 10th. Wolfe Research began coverage on shares of Dutch Bros in a report on Monday, March 9th. They set an “outperform” rating and a $77.00 price objective on the stock. BNP Paribas Exane assumed coverage on Dutch Bros in a report on Monday, March 30th. They issued an “outperform” rating and a $73.00 target price on the stock. DA Davidson raised their price target on shares of Dutch Bros from $67.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Finally, KeyCorp lifted their price target on Dutch Bros from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Dutch Bros has an average rating of “Moderate Buy” and a consensus price target of $75.77.

Institutional Investors Weigh In On Dutch Bros

A number of institutional investors and hedge funds have recently modified their holdings of the company. Osterweis Capital Management Inc. purchased a new stake in shares of Dutch Bros in the second quarter worth $27,000. Rakuten Securities Inc. increased its position in shares of Dutch Bros by 557.4% in the second quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock worth $31,000 after purchasing an additional 379 shares during the last quarter. Brown Lisle Cummings Inc. bought a new stake in shares of Dutch Bros during the 4th quarter worth $31,000. Ankerstar Wealth LLC bought a new stake in Dutch Bros during the fourth quarter worth about $31,000. Finally, Quarry LP lifted its position in Dutch Bros by 83.5% in the 4th quarter. Quarry LP now owns 600 shares of the company’s stock worth $37,000 after buying an additional 273 shares during the last quarter. 85.54% of the stock is owned by hedge funds and other institutional investors.

Dutch Bros Company Profile

Dutch Bros Coffee, trading on the NYSE under the ticker BROS, is an American drive-through coffee chain known for its quick-service model and community-focused brand. Founded in 1992 by brothers Dane and Travis Boersma in Grants Pass, Oregon, the company began as a single coffee stand and has since expanded its footprint across numerous U.S. markets. Dutch Bros specializes in handcrafted espresso drinks, drip coffee, cold brew, energy drinks, smoothies, teas, and a variety of signature “Dutch Freeze” and “Dutch Frost” blended beverages.

The company operates a mix of company-owned and franchised locations, placing a strong emphasis on speed and customer engagement.