Dutch Bros Target of Unusually Large Options Trading (NYSE:BROS)

Dutch Bros Inc. (NYSE:BROS - Get Free Report) was the target of unusually large options trading on Monday. Stock investors purchased 11,528 call options on the company. This is an increase of 90% compared to the typical volume of 6,061 call options.

Dutch Bros Stock Down 2.5 %

Shares of Dutch Bros stock traded down $1.60 during midday trading on Friday, hitting $63.19. The company's stock had a trading volume of 2,601,398 shares, compared to its average volume of 3,125,261. Dutch Bros has a 1-year low of $26.85 and a 1-year high of $86.88. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $9.74 billion, a P/E ratio of 185.91, a PEG ratio of 4.23 and a beta of 2.65. The stock has a 50-day simple moving average of $65.43 and a 200-day simple moving average of $48.97.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Robert W. Baird raised their target price on Dutch Bros from $70.00 to $95.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. raised their price objective on shares of Dutch Bros from $58.00 to $80.00 and gave the company an "overweight" rating in a research report on Thursday, February 13th. Piper Sandler boosted their target price on shares of Dutch Bros from $51.00 to $70.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. William Blair restated an "outperform" rating on shares of Dutch Bros in a report on Tuesday, December 17th. Finally, TD Securities lifted their price target on shares of Dutch Bros from $65.00 to $89.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. One analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Dutch Bros presently has a consensus rating of "Buy" and a consensus target price of $75.75.

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Insider Buying and Selling

In related news, Chairman Travis Boersma sold 679,996 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $74.77, for a total value of $50,843,300.92. Following the completion of the sale, the chairman now owns 2,640,779 shares of the company's stock, valued at $197,451,045.83. This represents a 20.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $75.91, for a total transaction of $13,824,956.93. Following the completion of the transaction, the insider now owns 2,310,834 shares of the company's stock, valued at $175,415,408.94. This represents a 7.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,643,632 shares of company stock valued at $201,509,627 in the last three months. 46.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dutch Bros

Several institutional investors and hedge funds have recently bought and sold shares of the business. Creative Planning boosted its holdings in shares of Dutch Bros by 62.3% during the third quarter. Creative Planning now owns 12,451 shares of the company's stock worth $399,000 after purchasing an additional 4,778 shares during the period. Private Advisor Group LLC boosted its stake in shares of Dutch Bros by 269.1% during the 3rd quarter. Private Advisor Group LLC now owns 24,924 shares of the company's stock valued at $798,000 after buying an additional 18,171 shares during the period. US Bancorp DE boosted its stake in shares of Dutch Bros by 8.9% during the 3rd quarter. US Bancorp DE now owns 11,224 shares of the company's stock valued at $360,000 after buying an additional 922 shares during the period. Stephens Inc. AR purchased a new position in shares of Dutch Bros during the 3rd quarter valued at $209,000. Finally, Farther Finance Advisors LLC increased its stake in shares of Dutch Bros by 8.6% in the third quarter. Farther Finance Advisors LLC now owns 6,844 shares of the company's stock worth $219,000 after acquiring an additional 544 shares during the last quarter. Hedge funds and other institutional investors own 85.54% of the company's stock.

About Dutch Bros

Dutch Bros Inc, together with its subsidiaries, operates and franchises drive-thru shops in the United States. The company operates through Company-Operated Shops and Franchising and Other segments. It serves through company-operated shops and online channels under Dutch Bros; Dutch Bros Coffee; Dutch Bros Rebel; Dutch Bros; and Blue Rebel brands.