Dutch Bros Sees Unusually High Options Volume (NYSE:BROS)

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

Analyst Ratings Changes

A number of analysts have recently weighed in on BROS shares. Stifel Nicolaus raised their price objective on Dutch Bros from $74.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday. Wedbush lifted their price target on Dutch Bros from $65.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. UBS Group lifted their price target on Dutch Bros from $67.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. TD Securities lifted their price target on Dutch Bros from $65.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, TD Cowen lifted their price target on Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $75.75.

Dutch Bros Stock Performance

Shares of BROS stock opened at $76.42 on Tuesday. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. Dutch Bros has a 52-week low of $26.85 and a 52-week high of $86.88. The business has a 50-day simple moving average of $64.12 and a 200-day simple moving average of $48.12. The stock has a market cap of $11.78 billion, a PE ratio of 224.77, a price-to-earnings-growth ratio of 4.23 and a beta of 2.73.

Insider Activity

In other news, Chairman Travis Boersma sold 755,551 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $77.73, for a total value of $58,728,979.23. Following the completion of the sale, the chairman now owns 2,903,316 shares of the company’s stock, valued at $225,674,752.68. This trade represents a 20.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $74.77, for a total value of $19,629,891.49. Following the completion of the sale, the insider now directly owns 2,640,779 shares of the company’s stock, valued at $197,451,045.83. The trade was a 9.04 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,643,632 shares of company stock worth $201,509,627. 46.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Dutch Bros

Several institutional investors and hedge funds have recently modified their holdings of the business. Creative Planning increased its stake in Dutch Bros by 62.3% during the 3rd quarter. Creative Planning now owns 12,451 shares of the company’s stock worth $399,000 after buying an additional 4,778 shares in the last quarter. Private Advisor Group LLC increased its stake in Dutch Bros by 269.1% during the 3rd quarter. Private Advisor Group LLC now owns 24,924 shares of the company’s stock worth $798,000 after buying an additional 18,171 shares in the last quarter. US Bancorp DE increased its stake in Dutch Bros by 8.9% during the 3rd quarter. US Bancorp DE now owns 11,224 shares of the company’s stock worth $360,000 after buying an additional 922 shares in the last quarter. Stephens Inc. AR purchased a new stake in Dutch Bros during the 3rd quarter worth approximately $209,000. Finally, Farther Finance Advisors LLC increased its stake in Dutch Bros by 8.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 6,844 shares of the company’s stock worth $219,000 after buying an additional 544 shares in the last quarter. Hedge funds and other institutional investors own 85.54% of the company’s stock.

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.