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

Dutch Bros Inc. (NYSE:BROS - Get Free Report) was the recipient of some unusual options trading on Monday. Stock traders bought 11,528 call options on the stock. This represents an increase of approximately 90% compared to the average daily volume of 6,061 call options.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BROS. Stifel Nicolaus raised their price target on shares of Dutch Bros from $74.00 to $85.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Piper Sandler lifted their target price on Dutch Bros from $51.00 to $70.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. William Blair reissued an "outperform" rating on shares of Dutch Bros in a research report on Tuesday, December 17th. Wedbush raised their price objective on Dutch Bros from $65.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Finally, Baird R W upgraded shares of Dutch Bros from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. One equities research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $75.75.

Insider Activity

In related news, Chairman Travis Boersma sold 755,551 shares of Dutch Bros stock in a transaction on Friday, February 21st. The shares were sold at an average price of $77.73, for a total value of $58,728,979.23. Following the completion of the sale, the chairman now owns 2,903,316 shares of the company's stock, valued at approximately $225,674,752.68. This trade represents a 20.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the business's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $77.73, for a total transaction of $22,674,385.11. Following the sale, the insider now owns 2,903,316 shares of the company's stock, valued at $225,674,752.68. This trade represents a 9.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,643,632 shares of company stock worth $201,509,627 over the last quarter. 46.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BROS. Virtu Financial LLC bought a new stake in shares of Dutch Bros in the 3rd quarter worth approximately $573,000. Baillie Gifford & Co. bought a new stake in shares of Dutch Bros in the third quarter valued at $224,461,000. Charles Schwab Investment Management Inc. raised its stake in shares of Dutch Bros by 35.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 687,527 shares of the company's stock valued at $22,021,000 after buying an additional 181,636 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Dutch Bros by 38.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 212,834 shares of the company's stock valued at $6,817,000 after buying an additional 58,623 shares during the last quarter. Finally, Clear Creek Financial Management LLC bought a new position in shares of Dutch Bros during the 4th quarter worth $288,000. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Dutch Bros Stock Performance

BROS traded down $6.01 during trading on Thursday, hitting $64.58. 3,591,032 shares of the company traded hands, compared to its average volume of 3,140,998. Dutch Bros has a one year low of $26.85 and a one year high of $86.88. The stock's fifty day moving average is $65.25 and its 200 day moving average is $48.86. 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 cap of $9.96 billion, a P/E ratio of 189.96, a price-to-earnings-growth ratio of 4.23 and a beta of 2.73.

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.