Dutch Bros (NYSE:BROS) Director Buys $102,340.00 in Stock

Dutch Bros Inc. (NYSE:BROS) Director Todd Allan Penegor acquired 2,000 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was purchased at an average cost of $51.17 per share, for a total transaction of $102,340.00. Following the transaction, the director owned 5,358 shares in the company, valued at approximately $274,168.86. The trade was a 59.56% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Dutch Bros Stock Up 2.2%

Shares of Dutch Bros stock traded up $1.12 on Friday, reaching $51.12. The stock had a trading volume of 3,546,697 shares, compared to its average volume of 4,819,912. The stock has a market capitalization of $8.93 billion, a P/E ratio of 79.87, a P/E/G ratio of 1.65 and a beta of 2.40. Dutch Bros Inc. has a 1 year low of $44.58 and a 1 year high of $77.88. The company has a quick ratio of 1.19, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. The company has a 50 day moving average price of $52.46 and a 200 day moving average price of $55.82.

Dutch Bros (NYSE:BROS) last released its earnings results 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 the consensus estimate 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 was up 30.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.14 EPS. As a group, equities research analysts forecast that Dutch Bros Inc. will post 0.82 EPS for the current year.

Institutional Trading of Dutch Bros

Several large investors have recently made changes to their positions in the business. Oppenheimer & Co. Inc. boosted its holdings in shares of Dutch Bros by 1.1% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 18,625 shares of the company’s stock valued at $975,000 after acquiring an additional 200 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in shares of Dutch Bros by 0.4% in the 1st quarter. D.A. Davidson & CO. now owns 57,042 shares of the company’s stock valued at $2,890,000 after acquiring an additional 211 shares during the last quarter. AdvisorShares Investments LLC boosted its holdings in shares of Dutch Bros by 7.2% in the 4th quarter. AdvisorShares Investments LLC now owns 3,164 shares of the company’s stock valued at $194,000 after acquiring an additional 212 shares during the last quarter. Verdence Capital Advisors LLC lifted its stake in shares of Dutch Bros by 4.8% in the 3rd quarter. Verdence Capital Advisors LLC now owns 4,732 shares of the company’s stock valued at $248,000 after purchasing an additional 217 shares during the period. Finally, Parkside Financial Bank & Trust lifted its stake in shares of Dutch Bros by 9.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,466 shares of the company’s stock valued at $151,000 after purchasing an additional 221 shares during the period. 85.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Oppenheimer assumed coverage on shares of Dutch Bros in a research report on Friday, May 1st. They set an “outperform” rating and a $72.00 target price on the stock. Barclays dropped their target price on shares of Dutch Bros from $76.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, May 7th. 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 target price on the stock. The Goldman Sachs Group raised shares of Dutch Bros from a “neutral” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Monday, March 2nd. Finally, TD Cowen reissued a “buy” rating and set a $73.00 target price on shares of Dutch Bros in a research report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.77.

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.