Key Points
- Dutch Bros director Todd Allan Penegor bought 2,000 shares on May 15 at an average price of $51.17, a $102,340 purchase that lifted his holdings by nearly 60% to 5,358 shares.
- The stock was up 2.2% and opened at $51.12, while the company continues to trade with a relatively high valuation, including a P/E ratio of 79.87 and a market cap of $8.93 billion.
- Dutch Bros recently reported first-quarter earnings of $0.16 per share, matching expectations, with revenue rising 30.7% year over year to $464.41 million; analysts currently rate the stock a Moderate Buy with a consensus target of $75.77.
Dutch Bros Inc. (NYSE:BROS - Get Free Report) Director Todd Allan Penegor purchased 2,000 shares of the business's stock in a transaction on Friday, May 15th. The stock was purchased at an average cost of $51.17 per share, for a total transaction of $102,340.00. Following the acquisition, the director owned 5,358 shares in the company, valued at approximately $274,168.86. The trade was a 59.56% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Dutch Bros Stock Up 2.2%
Shares of NYSE:BROS opened at $51.12 on Friday. 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. The company has a market cap of $8.93 billion, a PE ratio of 79.87, a P/E/G ratio of 1.65 and a beta of 2.40. The stock's 50-day moving average is $52.46 and its 200 day moving average is $55.82.
Dutch Bros (NYSE:BROS - Get Free Report) last announced its earnings results on Wednesday, May 6th. The company reported $0.16 EPS for the quarter, meeting analysts' consensus estimates of $0.16. Dutch Bros had a return on equity of 9.42% and a net margin of 4.61%.The company had revenue of $464.41 million during the quarter, compared to the consensus estimate of $449.70 million. During the same quarter in the prior year, the company earned $0.14 earnings per share. The firm's revenue for the quarter was up 30.7% on a year-over-year basis. Sell-side analysts anticipate that Dutch Bros Inc. will post 0.82 EPS for the current year.
Analysts Set New Price Targets
Several research analysts recently issued reports on the stock. DA Davidson increased their price target on shares of Dutch Bros from $67.00 to $70.00 and gave the stock a "buy" rating in a research note on Monday, April 27th. Telsey Advisory Group started coverage on Dutch Bros in a research report on Wednesday, April 8th. They set an "outperform" rating and a $66.00 price objective on the stock. UBS Group reaffirmed a "buy" rating on shares of Dutch Bros in a research report on Friday, April 10th. KeyCorp increased their price objective on shares of Dutch Bros from $77.00 to $79.00 and gave the stock an "overweight" rating in a research note on Thursday, May 7th. Finally, Citigroup lifted their target price on Dutch Bros from $84.00 to $85.00 and gave the company a "buy" rating in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $75.77.
Read Our Latest Report on Dutch Bros
Institutional Investors Weigh In On Dutch Bros
Hedge funds have recently made changes to their positions in the company. Osterweis Capital Management Inc. bought a new position in shares of Dutch Bros during the 2nd quarter valued at approximately $27,000. Brown Lisle Cummings Inc. bought a new position in Dutch Bros during the 4th quarter valued at about $31,000. Rakuten Securities Inc. raised its holdings in shares of Dutch Bros by 557.4% in the second quarter. Rakuten Securities Inc. now owns 447 shares of the company's stock worth $31,000 after buying an additional 379 shares during the period. Ankerstar Wealth LLC bought a new stake in shares of Dutch Bros during the fourth quarter worth $31,000. Finally, Quarry LP boosted its position in Dutch Bros by 83.5% in the 4th quarter. Quarry LP now owns 600 shares of the company's stock valued at $37,000 after buying an additional 273 shares during the period. 85.54% of the stock is currently owned by hedge funds and other institutional investors.
Dutch Bros Company Profile
(
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.
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