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

Dutch Bros Inc. (NYSE:BROS) was the target of some unusual options trading activity on Thursday. Traders bought 12,406 call options on the stock. This is an increase of approximately 158% compared to the average daily volume of 4,811 call options.

Wall Street Analysts Forecast Growth

BROS has been the subject of a number of recent research reports. Stifel Nicolaus decreased their price target on shares of Dutch Bros from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. TD Cowen increased their target price on shares of Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a report on Thursday. Barclays lowered their price target on Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. Piper Sandler downgraded Dutch Bros from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $41.00 to $36.00 in a research note on Monday, August 19th. Finally, UBS Group upgraded Dutch Bros from a “neutral” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Thursday, August 15th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Dutch Bros has a consensus rating of “Moderate Buy” and an average price target of $41.80.

Dutch Bros Trading Up 37.9 %

Shares of Dutch Bros stock traded up $13.23 during trading hours on Thursday, reaching $48.17. The stock had a trading volume of 5,432,970 shares, compared to its average volume of 2,722,447. 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 1 year low of $25.46 and a 1 year high of $48.99. The firm has a market capitalization of $7.43 billion, a price-to-earnings ratio of 189.16, a P/E/G ratio of 3.68 and a beta of 2.47. The firm has a 50 day simple moving average of $33.24 and a two-hundred day simple moving average of $34.92.

Dutch Bros (NYSE:BROS) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.06. Dutch Bros had a net margin of 1.95% and a return on equity of 3.99%. The company had revenue of $324.92 million during the quarter, compared to analyst estimates of $317.39 million. During the same quarter in the prior year, the business earned $0.07 earnings per share. The business’s quarterly revenue was up 30.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Dutch Bros will post 0.33 earnings per share for the current year.

Insider Activity

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $31.60, for a total value of $5,287,154.00. Following the completion of the transaction, the insider now owns 467,228 shares in the company, valued at $14,764,404.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Dutch Bros news, Chairman Travis Boersma sold 426,891 shares of Dutch Bros stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $31.59, for a total transaction of $13,485,486.69. Following the transaction, the chairman now owns 467,228 shares of the company’s stock, valued at $14,759,732.52. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $31.60, for a total value of $5,287,154.00. Following the completion of the sale, the insider now directly owns 467,228 shares of the company’s stock, valued at $14,764,404.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,689,583 shares of company stock valued at $55,164,707. 46.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BROS. Janney Montgomery Scott LLC grew its holdings in Dutch Bros by 96.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 27,295 shares of the company’s stock valued at $901,000 after purchasing an additional 13,395 shares in the last quarter. Sciencast Management LP bought a new position in shares of Dutch Bros during the first quarter worth about $352,000. SG Americas Securities LLC bought a new stake in Dutch Bros in the first quarter valued at about $200,000. Swiss National Bank raised its stake in Dutch Bros by 33.5% during the first quarter. Swiss National Bank now owns 147,300 shares of the company’s stock valued at $4,861,000 after buying an additional 37,000 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new position in Dutch Bros during the 1st quarter worth approximately $4,430,000. Institutional investors and hedge funds own 85.54% of the company’s stock.

Dutch Bros Company Profile

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.