Stock Traders Purchase High Volume of Call Options on Dutch Bros (NYSE:BROS)

Dutch Bros Inc. (NYSE:BROS - Get Free Report) was the target of unusually large options trading on Thursday. Stock traders bought 12,406 call options on the company. This represents an increase of 158% compared to the typical daily volume of 4,811 call options.

Analyst Upgrades and Downgrades

BROS has been the topic of several research reports. UBS Group upped their price target on Dutch Bros from $39.00 to $44.00 and gave the company a "buy" rating in a research note on Thursday. TD Cowen raised their target price on shares of Dutch Bros from $47.00 to $53.00 and gave the company a "buy" rating in a research note on Thursday. Robert W. Baird boosted their price target on shares of Dutch Bros from $37.00 to $46.00 and gave the stock a "neutral" rating in a research note on Thursday. Stifel Nicolaus reduced their price objective on shares of Dutch Bros from $40.00 to $38.00 and set a "buy" rating on the stock in a research note on Thursday, August 8th. Finally, Wedbush upped their target price on shares of Dutch Bros from $45.00 to $55.00 and gave the company an "outperform" rating in a research report on Thursday. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $43.60.

Dutch Bros Trading Up 28.1 %

Shares of BROS stock traded up $9.82 on Thursday, hitting $44.76. The stock had a trading volume of 20,541,810 shares, compared to its average volume of 2,792,382. The company has a current ratio of 2.19, a quick ratio of 1.88 and a debt-to-equity ratio of 0.82. Dutch Bros has a twelve month low of $25.46 and a twelve month high of $50.24. The company has a fifty day moving average price of $33.24 and a two-hundred day moving average price of $34.92. The firm has a market cap of $6.90 billion, a P/E ratio of 179.08, a PEG ratio of 3.64 and a beta of 2.47.

Dutch Bros (NYSE:BROS - Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.06. The firm had revenue of $324.92 million during the quarter, compared to analysts' expectations of $317.39 million. Dutch Bros had a return on equity of 3.99% and a net margin of 1.95%. The company's revenue was up 30.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.07 earnings per share. As a group, analysts forecast that Dutch Bros will post 0.33 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Dutch Bros news, Chairman Travis Boersma sold 426,891 shares of Dutch Bros stock in a transaction on Monday, August 19th. The stock was sold at an average price of $31.59, for a total value of $13,485,486.69. Following the completion of the transaction, the chairman now owns 467,228 shares in the company, valued at approximately $14,759,732.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Chairman Travis Boersma sold 426,891 shares of the company's stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $31.59, for a total transaction of $13,485,486.69. Following the transaction, the chairman now directly owns 467,228 shares in the company, valued at approximately $14,759,732.52. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $36.03, for a total transaction of $1,452,837.69. Following the sale, the insider now directly owns 125,671 shares in the company, valued at $4,527,926.13. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,689,583 shares of company stock worth $55,164,707 in the last three months. Insiders own 46.50% of the company's stock.

Hedge Funds Weigh In On Dutch Bros

Institutional investors and hedge funds have recently modified their holdings of the business. Arcadia Investment Management Corp MI bought a new position in Dutch Bros during the 2nd quarter worth about $27,000. Quest Partners LLC boosted its position in shares of Dutch Bros by 3,321.7% during the second quarter. Quest Partners LLC now owns 787 shares of the company's stock worth $33,000 after buying an additional 764 shares during the period. Transcendent Capital Group LLC acquired a new stake in Dutch Bros in the 1st quarter valued at approximately $26,000. Jamison Private Wealth Management Inc. lifted its stake in Dutch Bros by 150.2% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company's stock valued at $27,000 after acquiring an additional 500 shares in the last quarter. Finally, Hollencrest Capital Management lifted its stake in Dutch Bros by 52.3% in the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company's stock valued at $29,000 after acquiring an additional 314 shares in the last quarter. 85.54% of the stock is currently owned by institutional investors and hedge funds.

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.