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 firm’s stock in a transaction that occurred 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 purchase, the director owned 5,358 shares in the company, valued at approximately $274,168.86. This trade represents a 59.56% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Dutch Bros Stock Performance

Shares of BROS traded up $1.12 during trading hours on Friday, hitting $51.12. The stock had a trading volume of 3,546,697 shares, compared to its average volume of 4,819,912. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.19 and a current ratio of 1.33. The firm has a 50-day moving average price of $52.46 and a 200 day moving average price of $55.82. Dutch Bros Inc. has a fifty-two week low of $44.58 and a fifty-two week high of $77.88. The firm has a market capitalization of $8.93 billion, a price-to-earnings ratio of 79.87, a PEG ratio of 1.65 and a beta of 2.40.

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

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. TD Cowen reiterated a “buy” rating and issued a $73.00 target price on shares of Dutch Bros in a research note on Friday, February 13th. BNP Paribas Exane assumed coverage on shares of Dutch Bros in a research report on Monday, March 30th. They set an “outperform” rating and a $73.00 price objective for the company. Telsey Advisory Group assumed coverage on shares of Dutch Bros in a research report on Wednesday, April 8th. They set an “outperform” rating and a $66.00 price objective for the company. KeyCorp upped their price objective on shares of Dutch Bros from $77.00 to $79.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Finally, Wolfe Research assumed coverage on shares of Dutch Bros in a research report on Monday, March 9th. They set an “outperform” rating and a $77.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $75.77.

Institutional Investors Weigh In On Dutch Bros

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

About Dutch Bros

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.