Dutch Bros (NYSE:BROS) Director Purchases $103,120.00 in Stock

Dutch Bros Inc. (NYSE:BROS) Director Todd Allan Penegor bought 2,000 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were acquired at an average cost of $51.56 per share, with a total value of $103,120.00. Following the transaction, the director owned 7,358 shares in the company, valued at approximately $379,378.48. This represents a 37.33% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Dutch Bros Trading Down 0.1%

Shares of BROS stock opened at $51.99 on Monday. The stock has a market cap of $9.08 billion, a price-to-earnings ratio of 72.21, a price-to-earnings-growth ratio of 1.86 and a beta of 2.32. The company has a quick ratio of 1.19, a current ratio of 1.35 and a debt-to-equity ratio of 0.20. Dutch Bros Inc. has a fifty-two week low of $44.58 and a fifty-two week high of $74.65. The firm’s 50 day moving average price is $64.30 and its two-hundred day moving average price is $57.10.

Dutch Bros (NYSE:BROS) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.04. Dutch Bros had a net margin of 4.91% and a return on equity of 10.01%. The company had revenue of $550.85 million during the quarter, compared to analyst estimates of $525.38 million. During the same quarter in the prior year, the business earned $0.26 earnings per share. The business’s quarterly revenue was up 32.5% compared to the same quarter last year. On average, analysts anticipate that Dutch Bros Inc. will post 0.87 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on BROS shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Dutch Bros in a report on Friday, July 17th. DA Davidson decreased their target price on Dutch Bros from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. UBS Group reiterated a “buy” rating on shares of Dutch Bros in a research note on Tuesday, July 28th. Stephens reiterated an “overweight” rating and set a $80.00 target price on shares of Dutch Bros in a report on Thursday, August 6th. Finally, Piper Sandler raised their target price on Dutch Bros from $61.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $77.15.

Institutional Investors Weigh In On Dutch Bros

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC purchased a new position in shares of Dutch Bros during the 1st quarter valued at approximately $318,000. Empowered Funds LLC grew its holdings in Dutch Bros by 15.9% during the 1st quarter. Empowered Funds LLC now owns 33,843 shares of the company’s stock worth $2,089,000 after acquiring an additional 4,633 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Dutch Bros by 7.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 305,714 shares of the company’s stock worth $18,875,000 after purchasing an additional 22,323 shares during the last quarter. California Public Employees Retirement System increased its position in shares of Dutch Bros by 24.2% in the 2nd quarter. California Public Employees Retirement System now owns 198,895 shares of the company’s stock worth $13,598,000 after purchasing an additional 38,697 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Dutch Bros by 6.6% in the 2nd quarter. State Street Corp now owns 1,978,441 shares of the company’s stock valued at $135,266,000 after purchasing an additional 121,683 shares in the last quarter. 85.54% of the stock is currently 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.