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

Dutch Bros Inc. (NYSE:BROSGet Free Report) saw unusually large options trading on Wednesday. Traders acquired 9,187 call options on the company. This is an increase of 143% compared to the average daily volume of 3,776 call options.

Insiders Place Their Bets

In other Dutch Bros news, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of the stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $33.88, for a total transaction of $271,040,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Dutch Bros news, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of the stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $33.88, for a total transaction of $271,040,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Dm Trust Aggregator, Llc sold 86,209 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $32.04, for a total value of $2,762,136.36. Following the sale, the insider now directly owns 1,510,879 shares of the company’s stock, valued at $48,408,563.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,897,907 shares of company stock valued at $338,873,481. 46.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Dutch Bros

Several hedge funds have recently bought and sold shares of BROS. FMR LLC grew its position in shares of Dutch Bros by 42.9% in 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 during the period. Vanguard Group Inc. grew its position in shares of Dutch Bros by 35.0% in the first quarter. Vanguard Group Inc. now owns 6,412,246 shares of the company’s stock valued at $211,604,000 after purchasing an additional 1,661,778 shares during the period. Wasatch Advisors LP purchased a new stake in shares of Dutch Bros in the first quarter valued at $41,988,000. Joho Capital LLC grew its position in shares of Dutch Bros by 428.9% in the first quarter. Joho Capital LLC now owns 1,364,514 shares of the company’s stock valued at $45,029,000 after purchasing an additional 1,106,511 shares during the period. Finally, American Century Companies Inc. grew its position in shares of Dutch Bros by 191.7% in the third quarter. American Century Companies Inc. now owns 1,177,148 shares of the company’s stock valued at $27,369,000 after purchasing an additional 773,616 shares during the period. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Dutch Bros Stock Performance

Shares of BROS stock opened at $38.39 on Thursday. The stock has a fifty day moving average price of $32.51 and a 200 day moving average price of $30.46. The stock has a market cap of $6.80 billion, a PE ratio of 208.40, a P/E/G ratio of 5.32 and a beta of 2.50. Dutch Bros has a 1 year low of $22.67 and a 1 year high of $39.29. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.98 and a current ratio of 2.29.

Dutch Bros (NYSE:BROSGet Free Report) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.06 earnings per share for the quarter. The company had revenue of $275.10 million during the quarter, compared to the consensus estimate of $255.71 million. Dutch Bros had a return on equity of 1.99% and a net margin of 1.21%. Sell-side analysts forecast that Dutch Bros will post 0.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on BROS shares. Guggenheim reissued a “neutral” rating and issued a $30.00 price target on shares of Dutch Bros in a report on Friday, April 5th. Wedbush raised their price target on Dutch Bros from $39.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, May 16th. William Blair reissued an “outperform” rating on shares of Dutch Bros in a report on Thursday, February 22nd. Barclays raised their price target on Dutch Bros from $30.00 to $35.00 and gave the company an “equal weight” rating in a report on Wednesday, May 8th. Finally, JPMorgan Chase & Co. raised their price target on Dutch Bros from $40.00 to $44.00 and gave the company an “overweight” rating in a report on Monday. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Dutch Bros currently has an average rating of “Moderate Buy” and a consensus price target of $37.78.

Check Out Our Latest Research Report on Dutch Bros

About Dutch Bros

(Get Free Report)

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.

Further Reading

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