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

Dutch Bros Inc. (NYSE:BROS) Director Todd Allan Penegor bought 2,000 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was purchased at an average price of $51.56 per share, for a total transaction of $103,120.00. Following the completion of the purchase, the director directly owned 7,358 shares in the company, valued at $379,378.48. The trade was a 37.33% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Dutch Bros Stock Up 1.7%

Dutch Bros stock opened at $51.99 on Friday. The firm has a market cap of $9.08 billion, a price-to-earnings ratio of 72.21, a P/E/G ratio of 1.82 and a beta of 2.32. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.35 and a quick ratio of 1.19. Dutch Bros Inc. has a fifty-two week low of $44.58 and a fifty-two week high of $74.65. The firm has a fifty day moving average price of $64.30 and a two-hundred day moving average price of $57.11.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.04. The company had revenue of $550.85 million for the quarter, compared to the consensus estimate of $525.38 million. Dutch Bros had a return on equity of 10.01% and a net margin of 4.91%.The firm’s revenue was up 32.5% compared to the same quarter last year. During the same period last year, the business posted $0.26 earnings per share. As a group, analysts forecast that Dutch Bros Inc. will post 0.87 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on BROS. Barclays cut their price target on Dutch Bros from $76.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday, May 7th. Citigroup reaffirmed a “buy” rating on shares of Dutch Bros in a research report on Thursday, August 6th. Piper Sandler increased their price target on shares of Dutch Bros from $61.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, June 22nd. Oppenheimer upped their price objective on shares of Dutch Bros from $72.00 to $82.00 and gave the company an “outperform” rating in a research report on Tuesday, June 30th. Finally, DA Davidson reduced their target price on shares of Dutch Bros from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $77.15.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Engineers Gate Manager LP lifted its holdings in shares of Dutch Bros by 59.6% during the 4th quarter. Engineers Gate Manager LP now owns 513,525 shares of the company’s stock worth $31,438,000 after acquiring an additional 191,734 shares during the period. Hyperion Asset Management Ltd bought a new stake in Dutch Bros in the second quarter valued at about $42,946,000. M&T Bank Corp raised its position in Dutch Bros by 1,559.3% in the fourth quarter. M&T Bank Corp now owns 97,334 shares of the company’s stock worth $5,959,000 after purchasing an additional 91,468 shares in the last quarter. 1492 Capital Management LLC acquired a new position in Dutch Bros in the fourth quarter worth about $1,192,000. Finally, Independent Financial Group LLC bought a new position in Dutch Bros during the first quarter worth about $1,164,000. 85.54% of the stock is owned by 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.