Insider Buying: Dutch Bros (NYSE:BROS) Director Purchases 2,000 Shares

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

Dutch Bros Price Performance

BROS stock traded up $0.86 during trading on Friday, hitting $51.99. The company had a trading volume of 3,565,705 shares, compared to its average volume of 4,317,016. The company has a market cap of $9.08 billion, a P/E ratio of 72.21, a P/E/G ratio of 1.82 and a beta of 2.32. The company has a fifty day moving average price of $64.37 and a two-hundred day moving average price of $57.15. Dutch Bros Inc. has a fifty-two week low of $44.58 and a fifty-two week high of $74.65. The company has a current ratio of 1.35, a quick ratio of 1.19 and a debt-to-equity ratio of 0.20.

Dutch Bros (NYSE:BROS) last announced its earnings results on Wednesday, August 5th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. The business had revenue of $550.85 million during the quarter, compared to analysts’ expectations of $525.38 million. Dutch Bros had a net margin of 4.91% and a return on equity of 10.01%. The firm’s revenue for the quarter was up 32.5% on a year-over-year basis. During the same quarter last year, the company posted $0.26 EPS. Equities research analysts expect that Dutch Bros Inc. will post 0.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Citigroup reaffirmed a “buy” rating on shares of Dutch Bros in a research note on Thursday, August 6th. Royal Bank Of Canada reduced their price objective on Dutch Bros from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, August 6th. Morgan Stanley increased their price objective on Dutch Bros from $87.00 to $88.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. DA Davidson lowered their target price on Dutch Bros from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Finally, Piper Sandler boosted their target price on Dutch Bros from $61.00 to $68.00 and gave the stock a “neutral” rating in a research report on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $77.15.

Institutional Investors Weigh In On Dutch Bros

Large investors have recently bought and sold shares of the company. Engineers Gate Manager LP grew its stake in shares of Dutch Bros by 59.6% in the fourth quarter. Engineers Gate Manager LP now owns 513,525 shares of the company’s stock valued at $31,438,000 after buying an additional 191,734 shares in the last quarter. Hyperion Asset Management Ltd bought a new position in shares of Dutch Bros in the 2nd quarter valued at about $42,946,000. M&T Bank Corp increased its stake in shares of Dutch Bros by 1,559.3% during the 4th 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 during the last quarter. 1492 Capital Management LLC acquired a new stake in Dutch Bros in the 4th quarter valued at 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. Institutional investors own 85.54% of the company’s stock.

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.