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

Dutch Bros Inc. (NYSE:BROS) Director Todd Allan Penegor purchased 2,000 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were purchased at an average cost 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 $274,168.86. This trade represents a 59.56% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Dutch Bros Price Performance

BROS stock opened at $51.12 on Friday. Dutch Bros Inc. has a 12 month low of $44.58 and a 12 month high of $77.88. The company has a current ratio of 1.33, a quick ratio of 1.19 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. The stock has a market cap of $8.93 billion, a PE ratio of 79.87, a P/E/G ratio of 1.68 and a beta of 2.40.

Dutch Bros (NYSE:BROS) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates 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 company earned $0.14 EPS. The firm’s revenue for the quarter was up 30.7% compared to the same quarter last year. Equities research analysts anticipate that Dutch Bros Inc. will post 0.84 earnings per share for the current year.

Key Stories Impacting Dutch Bros

Here are the key news stories impacting Dutch Bros this week:

• Positive Sentiment: Director Todd Allan Penegor bought 2,000 shares of Dutch Bros (BROS) at about $51.17 each, boosting his stake by nearly 60%. Insider buying is often seen as a vote of confidence in the company’s outlook. Dutch Bros (NYSE:BROS) Director Todd Allan Penegor Acquires 2,000 Shares
• Positive Sentiment: Dutch Bros announced plans to buy back nearly 30 franchised stores in Arizona, a move that could increase company-operated store control and potentially improve long-term economics. Dutch Bros to buy back nearly 30 Arizona franchised stores
• Positive Sentiment: The company continued expanding into the Chicago area, including its first Chicagoland location and more stores planned nearby, reinforcing growth expectations. A look at the many Dutch Bros Coffee locations set to open in the Chicago area
• Positive Sentiment: Shareholders backed directors and governance proposals at the annual meeting, suggesting no major governance overhangs for investors right now. Dutch Bros Shareholders Back Directors and Governance Proposals

Institutional Investors Weigh In On Dutch Bros

Several large investors have recently modified their holdings of the business. Envestnet Asset Management Inc. grew its position in shares of Dutch Bros by 56.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 109,530 shares of the company’s stock worth $5,733,000 after buying an additional 39,561 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Dutch Bros by 31.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 204,705 shares of the company’s stock worth $10,714,000 after buying an additional 49,194 shares during the last quarter. Thornburg Investment Management Inc. grew its position in shares of Dutch Bros by 143.9% in the 3rd quarter. Thornburg Investment Management Inc. now owns 77,711 shares of the company’s stock worth $4,067,000 after buying an additional 45,847 shares during the last quarter. Savoir Faire Capital Management L.P. grew its position in shares of Dutch Bros by 29.9% in the 3rd quarter. Savoir Faire Capital Management L.P. now owns 112,783 shares of the company’s stock worth $5,903,000 after buying an additional 25,935 shares during the last quarter. Finally, Magnetar Financial LLC grew its position in shares of Dutch Bros by 107.2% in the 3rd quarter. Magnetar Financial LLC now owns 140,590 shares of the company’s stock worth $7,358,000 after buying an additional 72,751 shares during the last quarter. Institutional investors own 85.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on BROS shares. Morgan Stanley reiterated an “overweight” rating and set a $87.00 price objective on shares of Dutch Bros in a report on Thursday, May 7th. Piper Sandler lifted their price objective on shares of Dutch Bros from $59.00 to $61.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Barclays decreased their price objective on shares of Dutch Bros from $76.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday, May 7th. Telsey Advisory Group started coverage on shares of Dutch Bros in a report on Wednesday, April 8th. They set an “outperform” rating and a $66.00 price objective for the company. Finally, UBS Group reiterated a “buy” rating on shares of Dutch Bros in a report on Friday, April 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $75.77.

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.