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

Dutch Bros Inc. (NYSE:BROS) saw unusually large options trading on Thursday. Stock investors bought 18,908 call options on the stock. This is an increase of approximately 68% compared to the average daily volume of 11,262 call options.

Dutch Bros Stock Down 2.9%

NYSE:BROS traded down $1.59 during trading hours on Thursday, reaching $53.97. The company’s stock had a trading volume of 4,789,404 shares, compared to its average volume of 3,419,087. Dutch Bros has a one year low of $43.50 and a one year high of $86.88. The business’s 50-day moving average is $58.10 and its 200-day moving average is $63.13. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.64 and a quick ratio of 1.42. The company has a market cap of $8.88 billion, a price-to-earnings ratio of 114.90, a price-to-earnings-growth ratio of 2.72 and a beta of 2.56.

Dutch Bros (NYSE:BROS) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02. Dutch Bros had a return on equity of 8.86% and a net margin of 3.94%.The company had revenue of $423.58 million for the quarter, compared to analyst estimates of $414.81 million. During the same period in the prior year, the company posted $0.16 EPS. The company’s revenue was up 25.3% compared to the same quarter last year. Dutch Bros has set its FY 2025 guidance at EPS. Equities research analysts predict that Dutch Bros will post 0.57 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on BROS shares. Barclays increased their price objective on shares of Dutch Bros from $65.00 to $72.00 and gave the company an “overweight” rating in a report on Thursday. Melius Research upgraded shares of Dutch Bros to a “strong-buy” rating in a research report on Monday, July 14th. Guggenheim boosted their price objective on shares of Dutch Bros from $72.00 to $76.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. The Goldman Sachs Group reduced their target price on Dutch Bros from $81.00 to $72.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 30th. Finally, Piper Sandler lowered their target price on shares of Dutch Bros from $73.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday. Four investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $76.72.

Insider Transactions at Dutch Bros

In related news, Chairman Travis Boersma sold 1,250,371 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $65.17, for a total transaction of $81,486,678.07. Following the transaction, the chairman owned 1,279,144 shares in the company, valued at $83,361,814.48. The trade was a 49.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $65.17, for a total transaction of $31,460,817.50. Following the sale, the insider owned 1,279,144 shares of the company’s stock, valued at approximately $83,361,814.48. This represents a 27.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 3,161,101 shares of company stock worth $207,633,882 over the last ninety days. Insiders own 42.40% of the company’s stock.

Institutional Investors Weigh In On Dutch Bros

Large investors have recently made changes to their positions in the stock. Wedmont Private Capital boosted its position in Dutch Bros by 3.0% during the second quarter. Wedmont Private Capital now owns 5,473 shares of the company’s stock worth $363,000 after purchasing an additional 158 shares during the period. RiverPark Advisors LLC increased its position in shares of Dutch Bros by 4.8% in the second quarter. RiverPark Advisors LLC now owns 3,966 shares of the company’s stock worth $271,000 after purchasing an additional 181 shares during the period. Hollencrest Capital Management grew its stake in Dutch Bros by 21.2% during the first quarter. Hollencrest Capital Management now owns 1,096 shares of the company’s stock worth $68,000 after buying an additional 192 shares in the last quarter. KLP Kapitalforvaltning AS grew its position in Dutch Bros by 0.8% in the third quarter. KLP Kapitalforvaltning AS now owns 25,200 shares of the company’s stock valued at $1,319,000 after acquiring an additional 200 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its holdings in shares of Dutch Bros by 1.1% in the third quarter. Oppenheimer & Co. Inc. now owns 18,625 shares of the company’s stock worth $975,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds 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.