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

Dutch Bros Inc. (NYSE:BROS) saw unusually large options trading on Thursday. Stock traders bought 12,406 call options on the stock. This represents an increase of 158% compared to the average daily volume of 4,811 call options.

Dutch Bros Stock Up 37.9 %

Shares of BROS traded up $13.23 during midday trading on Thursday, hitting $48.17. 5,432,970 shares of the company’s stock traded hands, compared to its average volume of 2,722,447. The firm’s fifty day moving average is $33.24 and its 200-day moving average is $34.92. Dutch Bros has a 1 year low of $25.46 and a 1 year high of $48.99. The stock has a market capitalization of $7.43 billion, a price-to-earnings ratio of 189.16, a price-to-earnings-growth ratio of 3.68 and a beta of 2.47. 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 (NYSE:BROS) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. The business had revenue of $324.92 million for the quarter, compared to analyst estimates 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 quarter in the previous year, the firm earned $0.07 earnings per share. As a group, sell-side analysts anticipate that Dutch Bros will post 0.33 earnings per share for the current year.

Insider Buying and Selling

In related 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 sale, 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 sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Chairman Travis Boersma sold 426,891 shares of the firm’s stock in a transaction 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 sale, the chairman now directly owns 467,228 shares in the company, valued at $14,759,732.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of Dutch Bros stock in a transaction on Monday, August 19th. The shares were sold at an average price of $31.60, for a total transaction of $5,287,154.00. Following the transaction, the insider now owns 467,228 shares in the company, valued at approximately $14,764,404.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,689,583 shares of company stock worth $55,164,707. 46.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. KBC Group NV raised its position in shares of Dutch Bros by 53.3% in the third quarter. KBC Group NV now owns 3,025 shares of the company’s stock valued at $97,000 after buying an additional 1,052 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in shares of Dutch Bros during the 3rd quarter worth approximately $1,207,000. RPG Investment Advisory LLC acquired a new stake in shares of Dutch Bros in the third quarter valued at approximately $227,000. Victory Capital Management Inc. lifted its position in Dutch Bros by 18.1% during the third quarter. Victory Capital Management Inc. now owns 23,523 shares of the company’s stock worth $753,000 after buying an additional 3,605 shares in the last quarter. Finally, Aigen Investment Management LP boosted its stake in Dutch Bros by 4.7% during the third quarter. Aigen Investment Management LP now owns 52,053 shares of the company’s stock worth $1,667,000 after buying an additional 2,347 shares during the last quarter. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Wedbush raised their price objective on Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday. UBS Group raised Dutch Bros from a “neutral” rating to a “buy” rating and set a $39.00 price objective on the stock in a research note on Thursday, August 15th. Barclays lowered their target price on Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th. Guggenheim upgraded shares of Dutch Bros from a “neutral” rating to a “buy” rating in a report on Thursday, August 8th. Finally, Stifel Nicolaus decreased their price objective on Dutch Bros from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $41.80.

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.