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

Dutch Bros Inc. (NYSE:BROS) Director Todd Allan Penegor acquired 2,000 shares of Dutch Bros stock in a transaction that occurred on Thursday, August 13th. The stock was acquired at an average cost of $51.56 per share, with a total value of $103,120.00. Following the purchase, the director 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 SEC, which is available through the SEC website.

Dutch Bros Stock Up 1.7%

NYSE:BROS traded up $0.86 during trading hours on Friday, reaching $51.99. The company’s stock had a trading volume of 3,565,705 shares, compared to its average volume of 4,317,016. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.35 and a quick ratio of 1.19. The company has a market cap of $9.08 billion, a price-to-earnings ratio of 72.21, a price-to-earnings-growth ratio of 1.82 and a beta of 2.32. Dutch Bros Inc. has a one year low of $44.58 and a one year high of $74.65. The business’s 50-day moving average is $64.37 and its 200-day moving average is $57.15.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. D.A. Davidson & CO. raised its stake in Dutch Bros by 0.4% during the 1st quarter. D.A. Davidson & CO. now owns 57,042 shares of the company’s stock valued at $2,890,000 after purchasing an additional 211 shares during the last quarter. AdvisorShares Investments LLC raised its holdings in 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 in the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Dutch Bros by 9.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,466 shares of the company’s stock worth $151,000 after purchasing an additional 221 shares in the last quarter. Lazard Asset Management LLC increased its position in shares of Dutch Bros by 6.5% during the third quarter. Lazard Asset Management LLC now owns 4,434 shares of the company’s stock valued at $232,000 after purchasing an additional 270 shares during the period. Finally, Quarry LP raised its stake in shares of Dutch Bros by 83.5% in the fourth quarter. Quarry LP now owns 600 shares of the company’s stock valued at $37,000 after purchasing an additional 273 shares in the last quarter. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. KeyCorp increased their price target on Dutch Bros from $77.00 to $79.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Stephens reaffirmed an “overweight” rating and set a $80.00 price objective on shares of Dutch Bros in a report on Thursday, August 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Dutch Bros in a research note on Friday, July 17th. TD Cowen reiterated a “buy” rating and issued a $73.00 target price on shares of Dutch Bros in a report on Wednesday, June 10th. Finally, Barclays cut their target price on shares of Dutch Bros from $76.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, May 7th. One 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 company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $77.15.

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.