Traders Purchase Large Volume of Dutch Bros Call Options (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 represents an increase of 158% compared to the typical daily volume of 4,811 call options.

Dutch Bros Trading Up 5.4 %

NYSE:BROS opened at $47.18 on Friday. The company has a fifty day moving average of $33.85 and a 200 day moving average of $35.12. Dutch Bros has a 52 week low of $25.46 and a 52 week high of $50.24. The company has a quick ratio of 1.88, a current ratio of 2.19 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $7.27 billion, a P/E ratio of 188.72, a P/E/G ratio of 3.64 and a beta of 2.47.

Dutch Bros (NYSE:BROS) last released its earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. Dutch Bros had a net margin of 1.95% and a return on equity of 3.99%. The firm had revenue of $338.20 million for the quarter, compared to the consensus estimate of $324.97 million. During the same period in the prior year, the firm earned $0.08 EPS. The company’s revenue was up 27.9% compared to the same quarter last year. On average, research analysts predict that Dutch Bros will post 0.33 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BROS. Guggenheim upgraded shares of Dutch Bros from a “neutral” rating to a “buy” rating in a research report on Thursday, August 8th. Piper Sandler lowered shares of Dutch Bros from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $41.00 to $36.00 in a research report on Monday, August 19th. Stifel Nicolaus dropped their price target on shares of Dutch Bros from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Robert W. Baird raised their price target on shares of Dutch Bros from $37.00 to $46.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Wedbush lifted their price objective on shares of Dutch Bros from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $44.30.

Insider Activity

In related news, Chairman Travis Boersma sold 38,339 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $33.48, for a total value of $1,283,589.72. Following the completion of the sale, the chairman now owns 15,610 shares of the company’s stock, valued at $522,622.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 467,228 shares in the company, valued at approximately $14,764,404.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Travis Boersma sold 38,339 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $33.48, for a total transaction of $1,283,589.72. Following the transaction, the chairman now owns 15,610 shares in the company, valued at approximately $522,622.80. The trade was a 0.00 % decrease in their position. 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 ninety days. Corporate insiders own 46.50% of the company’s stock.

Hedge Funds Weigh In On Dutch Bros

Institutional investors have recently made changes to their positions in the business. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Dutch Bros during the 3rd quarter valued at approximately $1,122,000. Wrapmanager Inc. lifted its stake in Dutch Bros by 16.5% in the third quarter. Wrapmanager Inc. now owns 8,165 shares of the company’s stock worth $262,000 after acquiring an additional 1,158 shares during the period. Savoir Faire Capital Management L.P. increased its holdings in shares of Dutch Bros by 362.1% during the third quarter. Savoir Faire Capital Management L.P. now owns 138,629 shares of the company’s stock valued at $4,440,000 after acquiring an additional 108,629 shares in the last quarter. LMR Partners LLP acquired a new position in Dutch Bros in the 3rd quarter worth approximately $3,908,000. Finally, KBC Group NV boosted its position in Dutch Bros by 53.3% in the 3rd quarter. KBC Group NV now owns 3,025 shares of the company’s stock worth $97,000 after purchasing an additional 1,052 shares in the last quarter. Institutional investors 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.