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

Dutch Bros Inc. (NYSE:BROS) was the target of some unusual options trading on Monday. Stock traders purchased 11,528 call options on the company. This is an increase of 90% compared to the typical volume of 6,061 call options.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BROS. Piper Sandler lifted their price objective on shares of Dutch Bros from $51.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. William Blair reissued an “outperform” rating on shares of Dutch Bros in a research report on Tuesday, December 17th. Bank of America upped their price objective on shares of Dutch Bros from $61.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Baird R W upgraded Dutch Bros from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Finally, Barclays upgraded Dutch Bros from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $38.00 to $70.00 in a report on Tuesday, January 7th. One analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $75.75.

Insider Activity at Dutch Bros

In other news, Chairman Travis Boersma sold 471,718 shares of Dutch Bros stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $75.91, for a total value of $35,808,113.38. Following the completion of the sale, the chairman now directly owns 2,310,834 shares of the company’s stock, valued at approximately $175,415,408.94. This trade represents a 16.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $74.77, for a total value of $19,629,891.49. Following the completion of the transaction, the insider now owns 2,640,779 shares in the company, valued at approximately $197,451,045.83. This represents a 9.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,643,632 shares of company stock valued at $201,509,627 over the last ninety days. 46.50% of the stock is owned by insiders.

Institutional Trading of Dutch Bros

Several hedge funds and other institutional investors have recently modified their holdings of BROS. R Squared Ltd bought a new stake in Dutch Bros in the 4th quarter valued at $25,000. Coppell Advisory Solutions LLC lifted its holdings in shares of Dutch Bros by 638.6% during the fourth quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company’s stock worth $27,000 after buying an additional 447 shares in the last quarter. Hollencrest Capital Management boosted its position in shares of Dutch Bros by 52.3% in the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock valued at $29,000 after acquiring an additional 314 shares during the period. Point72 Hong Kong Ltd acquired a new position in shares of Dutch Bros in the third quarter valued at about $36,000. Finally, Fortitude Family Office LLC bought a new position in Dutch Bros during the fourth quarter worth about $41,000. Institutional investors own 85.54% of the company’s stock.

Dutch Bros Trading Down 5.6 %

Dutch Bros stock opened at $72.10 on Wednesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.76. The stock has a 50-day simple moving average of $64.59 and a 200 day simple moving average of $48.43. The stock has a market capitalization of $11.12 billion, a P/E ratio of 212.07, a PEG ratio of 4.23 and a beta of 2.73. Dutch Bros has a 52 week low of $26.85 and a 52 week high of $86.88.

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.