Key Points
- Dutch Bros director Todd Allan Penegor purchased 2,000 shares at an average price of $51.56, investing $103,120 and increasing his ownership by 37.33% to 7,358 shares.
- The company reported stronger-than-expected quarterly results, with EPS of $0.33 versus $0.29 expected and revenue of $550.85 million, up 32.5% year over year.
- Wall Street maintains a generally positive view, with a consensus “Moderate Buy” rating and a $77.15 price target, while institutional investors own 85.54% of the stock.
Dutch Bros Inc. (NYSE:BROS - Get Free Report) Director Todd Allan Penegor purchased 2,000 shares of the firm's stock in a transaction that occurred on Thursday, August 13th. The stock was bought at an average cost of $51.56 per share, for a total transaction of $103,120.00. Following the purchase, the director owned 7,358 shares in the company, valued at $379,378.48. This represents a 37.33% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Dutch Bros Stock Performance
Dutch Bros stock opened at $51.99 on Friday. 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 has a fifty day moving average price of $64.30 and a two-hundred day moving average price of $57.11. Dutch Bros Inc. has a 52-week low of $44.58 and a 52-week high of $74.65. The firm has a market capitalization of $9.08 billion, a P/E ratio of 72.21, a P/E/G ratio of 1.82 and a beta of 2.32.
Dutch Bros (NYSE:BROS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $525.38 million. During the same period last year, the business earned $0.26 earnings per share. The business's revenue was up 32.5% on a year-over-year basis. As a group, analysts anticipate that Dutch Bros Inc. will post 0.87 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities analysts have commented on the stock. UBS Group restated a "buy" rating on shares of Dutch Bros in a research report on Tuesday, July 28th. KeyCorp raised their price objective on shares of Dutch Bros from $77.00 to $79.00 and gave the stock an "overweight" rating in a report on Thursday, May 7th. TD Cowen reiterated a "buy" rating and issued a $73.00 target price on shares of Dutch Bros in a research note on Wednesday, June 10th. Piper Sandler boosted their target price on Dutch Bros from $61.00 to $68.00 and gave the stock a "neutral" rating in a report on Monday, June 22nd. Finally, Oppenheimer increased their price target on Dutch Bros from $72.00 to $82.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $77.15.
View Our Latest Stock Analysis on Dutch Bros
Institutional Investors Weigh In On Dutch Bros
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC acquired a new position in shares of Dutch Bros during the first quarter worth approximately $318,000. Empowered Funds LLC raised its position in Dutch Bros by 15.9% in the 1st quarter. Empowered Funds LLC now owns 33,843 shares of the company's stock worth $2,089,000 after purchasing an additional 4,633 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position 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 worth $18,875,000 after purchasing an additional 22,323 shares during the last quarter. California Public Employees Retirement System lifted its holdings in Dutch Bros by 24.2% during the 2nd quarter. California Public Employees Retirement System now owns 198,895 shares of the company's stock worth $13,598,000 after buying an additional 38,697 shares in the last quarter. Finally, State Street Corp lifted its holdings in Dutch Bros by 6.6% during the 2nd quarter. State Street Corp now owns 1,978,441 shares of the company's stock worth $135,266,000 after buying an additional 121,683 shares in the last quarter. Institutional investors and hedge funds own 85.54% of the company's stock.
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.
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