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

Dutch Bros Inc. (NYSE:BROS) was the target of unusually large options trading on Wednesday. Traders purchased 8,903 call options on the stock. This represents an increase of 133% compared to the typical daily volume of 3,829 call options.

Insider Transactions at Dutch Bros

In other news, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of the firm’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $33.88, for a total value of $271,040,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of the firm’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $33.88, for a total value of $271,040,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, COO Brian Maxwell sold 1,474 shares of Dutch Bros stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $35.00, for a total value of $51,590.00. Following the transaction, the chief operating officer now 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 three months. Insiders own 46.50% of the company’s stock.

Institutional Investors Weigh In On Dutch Bros

A number of institutional investors have recently made changes to their positions in BROS. FMR LLC raised its position in Dutch Bros by 42.9% during the third quarter. FMR LLC now owns 8,581,751 shares of the company’s stock valued at $199,526,000 after purchasing an additional 2,578,145 shares in the last quarter. Vanguard Group Inc. grew its holdings in Dutch Bros by 2.9% during the 4th quarter. Vanguard Group Inc. now owns 4,750,468 shares of the company’s stock worth $150,447,000 after acquiring an additional 135,918 shares during the period. Wasatch Advisors LP acquired a new stake in Dutch Bros during the 1st quarter worth about $41,988,000. American Century Companies Inc. grew its stake in shares of Dutch Bros by 191.7% in the 3rd quarter. American Century Companies Inc. now owns 1,177,148 shares of the company’s stock valued at $27,369,000 after buying an additional 773,616 shares during the period. Finally, Invesco Ltd. acquired a new stake in shares of Dutch Bros in the 3rd quarter valued at about $11,549,000. Institutional investors own 85.54% of the company’s stock.

Dutch Bros Stock Performance

Shares of NYSE:BROS traded up $3.36 during trading on Wednesday, reaching $31.78. 5,116,004 shares of the stock were exchanged, compared to its average volume of 2,003,581. Dutch Bros has a 12 month low of $22.67 and a 12 month high of $36.17. The firm has a market cap of $5.63 billion, a PE ratio of 1,080.00, a PEG ratio of 4.33 and a beta of 2.43. The stock has a 50-day moving average price of $31.22 and a 200-day moving average price of $29.16. The company has a current ratio of 1.49, a quick ratio of 1.15 and a debt-to-equity ratio of 0.68.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings data on Wednesday, February 21st. The company reported ($0.01) earnings per share (EPS) for the quarter, topping 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 company had revenue of $254.12 million during the quarter, compared to analysts’ expectations of $254.80 million. Research analysts expect that Dutch Bros will post 0.25 EPS for the current fiscal year.

Analysts Set New Price Targets

BROS has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their target price on Dutch Bros from $34.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday, March 19th. Barclays reduced their target price on Dutch Bros from $31.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday, February 22nd. Piper Sandler raised Dutch Bros from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $32.00 to $37.00 in a research note on Monday, March 4th. Stifel Nicolaus reissued a “buy” rating and issued a $40.00 price target on shares of Dutch Bros in a research note on Wednesday, April 3rd. Finally, William Blair reissued an “outperform” rating on shares of Dutch Bros in a research note 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 stock. Based on data from MarketBeat.com, Dutch Bros presently has an average rating of “Moderate Buy” and a consensus price target of $34.67.

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.