Bullish option flow detected in Dutch Bros with 3,161 calls trading, 2x expected, and implied vol increasing over 1 point to 38.69%. Mar-24 30 calls and Apr-24 30 calls are the most active options, with total volume in those strikes near 2,200 contracts. The Put/Call Ratio is 0.12. Earnings are expected on May 7th.
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- Dutch Bros price target lowered to $30 from $31 at Barclays
- Dutch Bros Inc Secures Funds for Expansion, Ensures Flexibility
- Dutch Bros sees FY24 revenue $1.19B-$1.205B, consensus $1.22B
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