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

Key Points

• Dutch Bros Inc. experienced an approximately 60% increase in call options trading, with 10,842 options acquired on Monday, compared to an average of 6,769.
• Equity analysts have varying ratings on Dutch Bros, with Piper Sandler lowering its price target to $63 and Royal Bank of Canada setting a target at $83, reflecting mixed sentiment among investors.
• The company reported a 28.7% year-over-year revenue growth with a quarterly EPS of $0.14, surpassing analyst expectations of $0.11.

Dutch Bros Inc. (NYSE:BROS - Get Free Report) was the target of unusually large options trading on Monday. Stock investors acquired 10,842 call options on the company. Thisrepresentsanincreaseofapproximately60% compared to the typical daily volume of 6,769 call options.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on BROS shares. Piper Sandler lowered their price target on Dutch Bros from $70.00 to $63.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Royal Bank Of Canada started coverage on Dutch Bros in a report on Wednesday, May 14th. They set an "outperform" rating and a $83.00 price target for the company. Robert W. Baird increased their price target on Dutch Bros from $66.00 to $72.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. UBS Group lowered their price target on Dutch Bros from $90.00 to $80.00 and set a "buy" rating for the company in a report on Monday, May 5th. Finally, Stifel Nicolaus lowered their price target on Dutch Bros from $85.00 to $82.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Two equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $76.06.

Dutch Bros Price Performance

BROS stock traded up $1.10 during midday trading on Monday, hitting $57.81. 1,162,315 shares of the stock were exchanged, compared to its average volume of 3,053,888. The stock's 50-day moving average price is $66.76 and its 200-day moving average price is $65.59. The stock has a market cap of $9.51 billion, a price-to-earnings ratio of 148.12, a PEG ratio of 3.14 and a beta of 2.63. Dutch Bros has a fifty-two week low of $26.96 and a fifty-two week high of $86.88. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.75 and a current ratio of 1.95.

Dutch Bros (NYSE:BROS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.03. The firm had revenue of $355.15 million during the quarter, compared to analysts' expectations of $343.30 million. Dutch Bros had a return on equity of 7.73% and a net margin of 3.20%. Dutch Bros's revenue was up 28.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.09 earnings per share. Research analysts predict that Dutch Bros will post 0.57 earnings per share for the current year.

Insider Transactions at Dutch Bros

In related news, Chairman Travis Boersma sold 722,841 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $66.82, for a total value of $48,300,235.62. Following the sale, the chairman owned 1,940,245 shares in the company, valued at $129,647,170.90. This represents a 27.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 159,254 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $66.82, for a total value of $10,641,352.28. Following the completion of the sale, the insider owned 1,940,245 shares in the company, valued at approximately $129,647,170.90. This represents a 7.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,465,214 shares of company stock worth $237,721,138 in the last 90 days. Insiders own 42.40% of the company's stock.

Hedge Funds Weigh In On Dutch Bros

Several institutional investors have recently added to or reduced their stakes in the business. Coppell Advisory Solutions LLC grew its position in Dutch Bros by 638.6% during the fourth quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company's stock valued at $27,000 after acquiring an additional 447 shares during the period. AdvisorNet Financial Inc purchased a new stake in Dutch Bros during the first quarter valued at about $31,000. Cullen Frost Bankers Inc. purchased a new stake in Dutch Bros during the first quarter valued at about $31,000. Banque Transatlantique SA purchased a new stake in Dutch Bros during the first quarter valued at about $38,000. Finally, Kiker Wealth Management LLC grew its position in Dutch Bros by 4,423.1% during the second quarter. Kiker Wealth Management LLC now owns 588 shares of the company's stock valued at $40,000 after acquiring an additional 575 shares during the period. 85.54% of the stock is currently owned by institutional investors and hedge funds.

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.

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