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

Dutch Bros Inc. (NYSE:BROS) Director Todd Allan Penegor bought 2,000 shares of the stock in a transaction on Thursday, August 13th. The shares were bought at an average price of $51.56 per share, for a total transaction of $103,120.00. Following the purchase, the director directly owned 7,358 shares in the company, valued at approximately $379,378.48. This trade represents a 37.33% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Dutch Bros Stock Performance

BROS stock opened at $51.99 on Friday. The company has a market cap of $9.08 billion, a P/E ratio of 72.21, a price-to-earnings-growth ratio of 1.86 and a beta of 2.32. Dutch Bros Inc. has a 1 year low of $44.58 and a 1 year high of $74.65. 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 stock’s fifty day moving average price is $64.30 and its 200-day moving average price is $57.11.

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

Hedge Funds Weigh In On Dutch Bros

A number of hedge funds and other institutional investors have recently modified their holdings of BROS. Alyeska Investment Group L.P. bought a new stake in Dutch Bros in the fourth quarter worth $113,880,000. Westfield Capital Management Co. LP bought a new position in Dutch Bros during the fourth quarter valued at $108,948,000. Norges Bank bought a new position in Dutch Bros during the fourth quarter valued at $96,951,000. Balyasny Asset Management L.P. grew its stake in shares of Dutch Bros by 196.0% in the 3rd quarter. Balyasny Asset Management L.P. now owns 1,817,201 shares of the company’s stock worth $95,112,000 after buying an additional 1,203,338 shares in the last quarter. Finally, Interval Partners LP purchased a new position in shares of Dutch Bros in the 4th quarter worth $57,276,000. Institutional investors own 85.54% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on BROS. Oppenheimer increased their target price on shares of Dutch Bros from $72.00 to $82.00 and gave the stock an “outperform” rating in a report on Tuesday, June 30th. Royal Bank Of Canada dropped their price target on shares of Dutch Bros from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, August 6th. Telsey Advisory Group upped their target price on shares of Dutch Bros from $66.00 to $74.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. DA Davidson lowered their price objective on Dutch Bros from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Finally, Stephens restated an “overweight” rating and issued a $80.00 price objective on shares of Dutch Bros in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Dutch Bros currently has a consensus rating of “Moderate Buy” and an average price target of $77.15.

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.