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

Dutch Bros Inc. (NYSE:BROS) saw some unusual options trading activity on Wednesday. Traders acquired 8,903 call options on the stock. This represents an increase of 133% compared to the average volume of 3,829 call options.

Dutch Bros Stock Performance

Shares of NYSE BROS traded up $3.36 during trading on Wednesday, reaching $31.78. The stock had a trading volume of 5,116,004 shares, compared to its average volume of 2,003,581. Dutch Bros has a one year low of $22.67 and a one year high of $36.17. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.49. The stock has a market cap of $5.63 billion, a PE ratio of 1,080.00, a P/E/G ratio of 4.33 and a beta of 2.43. The firm’s 50 day moving average price is $31.22 and its two-hundred day moving average price is $29.16.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings results on Wednesday, February 21st. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. Dutch Bros had a negative return on equity of 0.54% and a net margin of 0.18%. The business had revenue of $254.12 million during the quarter, compared to the consensus estimate of $254.80 million. On average, research analysts forecast that Dutch Bros will post 0.25 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BROS has been the topic of several research reports. Guggenheim reissued a “neutral” rating and set a $30.00 price objective on shares of Dutch Bros in a research report on Friday, April 5th. Wedbush upped their price target on shares of Dutch Bros from $37.00 to $39.00 and gave the company an “outperform” rating in a report on Wednesday. TD Cowen reiterated a “hold” rating and set a $33.00 price objective on shares of Dutch Bros in a research report on Friday, April 26th. William Blair reiterated an “outperform” rating on shares of Dutch Bros in a research report on Thursday, February 22nd. Finally, Barclays reduced their price target on Dutch Bros from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 22nd. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $34.67.

Insider Buying and Selling at Dutch Bros

In other news, Chairman Travis Boersma sold 98,017 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $36.04, for a total value of $3,532,532.68. Following the transaction, the chairman now directly owns 672,439 shares in the company, valued at approximately $24,234,701.56. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Chairman Travis Boersma sold 98,017 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $36.04, for a total transaction of $3,532,532.68. Following the sale, the chairman now directly owns 672,439 shares of the company’s stock, valued at approximately $24,234,701.56. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Brian Maxwell sold 1,474 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $35.00, for a total transaction of $51,590.00. Following the completion of the sale, the chief operating officer now directly owns 1,039,646 shares in the company, valued at $36,387,610. The disclosure for this sale can be found here. Insiders have sold 17,907,188 shares of company stock worth $561,438,392 in the last ninety days. 46.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Dutch Bros

Institutional investors have recently made changes to their positions in the company. Allworth Financial LP boosted its position in Dutch Bros by 41.8% during the 4th quarter. Allworth Financial LP now owns 1,598 shares of the company’s stock valued at $51,000 after purchasing an additional 471 shares during the period. GPS Wealth Strategies Group LLC boosted its position in Dutch Bros by 31.1% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 2,490 shares of the company’s stock valued at $79,000 after purchasing an additional 590 shares during the period. Wealth Management Partners LLC boosted its position in Dutch Bros by 4.2% during the 1st quarter. Wealth Management Partners LLC now owns 18,790 shares of the company’s stock valued at $620,000 after purchasing an additional 756 shares during the period. Kestra Private Wealth Services LLC boosted its position in Dutch Bros by 5.3% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 19,654 shares of the company’s stock valued at $457,000 after purchasing an additional 995 shares during the period. Finally, Bullseye Asset Management LLC boosted its position in Dutch Bros by 20.0% during the 4th quarter. Bullseye Asset Management LLC now owns 6,000 shares of the company’s stock valued at $190,000 after purchasing an additional 1,000 shares during the period. 85.54% of the stock is currently owned by institutional investors.

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.