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

Dutch Bros Inc. (NYSE:BROSGet Free Report) Director Todd Allan Penegor acquired 2,000 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were bought at an average cost of $51.17 per share, for a total transaction of $102,340.00. Following the transaction, the director directly owned 5,358 shares in the company, valued at approximately $274,168.86. This represents a 59.56% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Dutch Bros Price Performance

BROS stock opened at $51.12 on Monday. The stock has a market capitalization of $8.93 billion, a PE ratio of 79.87, a price-to-earnings-growth ratio of 1.64 and a beta of 2.40. The company’s 50-day moving average is $52.46 and its 200-day moving average is $55.79. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 1.19. Dutch Bros Inc. has a 1 year low of $44.58 and a 1 year high of $77.88.

Dutch Bros (NYSE:BROSGet Free Report) last posted its earnings results on Wednesday, May 6th. The company reported $0.16 earnings per share 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 company had revenue of $464.41 million for the quarter, compared to analyst estimates of $449.70 million. During the same quarter in the prior year, the business posted $0.14 EPS. The firm’s revenue was up 30.7% compared to the same quarter last year. Equities research analysts expect that Dutch Bros Inc. will post 0.84 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BROS. Integrated Wealth Concepts LLC bought a new position in Dutch Bros in the 1st quarter valued at $318,000. Empowered Funds LLC boosted its holdings in Dutch Bros by 15.9% in the 1st quarter. Empowered Funds LLC now owns 33,843 shares of the company’s stock valued at $2,089,000 after purchasing an additional 4,633 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Dutch Bros by 7.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 305,714 shares of the company’s stock valued at $18,875,000 after purchasing an additional 22,323 shares during the period. California Public Employees Retirement System boosted its holdings in Dutch Bros by 24.2% in the 2nd quarter. California Public Employees Retirement System now owns 198,895 shares of the company’s stock valued at $13,598,000 after purchasing an additional 38,697 shares during the period. Finally, State Street Corp boosted its holdings in Dutch Bros by 6.6% in the 2nd quarter. State Street Corp now owns 1,978,441 shares of the company’s stock valued at $135,266,000 after purchasing an additional 121,683 shares during the period. 85.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Royal Bank Of Canada reissued an “outperform” rating and set a $75.00 target price on shares of Dutch Bros in a research report on Friday, February 13th. Morgan Stanley reissued an “overweight” rating and set a $87.00 target price on shares of Dutch Bros in a research report on Thursday, May 7th. Barclays reduced 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. Telsey Advisory Group assumed coverage on shares of Dutch Bros in a research report on Wednesday, April 8th. They set an “outperform” rating and a $66.00 target price for the company. Finally, KeyCorp increased their target price on shares of Dutch Bros from $77.00 to $79.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. One 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. According to MarketBeat.com, Dutch Bros has an average rating of “Moderate Buy” and a consensus target price of $75.77.

Get Our Latest Report on Dutch Bros

About Dutch Bros

(Get Free Report)

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.

Read More

Insider Buying and Selling by Quarter for Dutch Bros (NYSE:BROS)

Receive News & Ratings for Dutch Bros Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dutch Bros and related companies with MarketBeat.com's FREE daily email newsletter.