Dutch Bros Inc. (NYSE:BROS) Sees Large Growth in Short Interest

Key Points

• Short interest surged 28.7% to 17,959,381 shares as of March 31, equal to 18.9% of the stock sold short and a short-interest ratio of 5.1 days (avg. daily volume 3,550,466).
• Analysts maintain a consensus "Moderate Buy" with an average price target of $75.52; of 25 analysts, 21 rate the stock Buy, 3 Hold and 1 Strong Buy.
• The most recent quarter beat expectations with EPS $0.17 vs. $0.10 and revenue $443.61M (up 29.4% YoY), while the shares trade near $51.82 with a market cap of $8.53B and a P/E of 80.97.

Dutch Bros Inc. (NYSE:BROS - Get Free Report) was the target of a large growth in short interest in March. As of March 31st, there was short interest totaling 17,959,381 shares, a growth of 28.7% from the March 15th total of 13,958,236 shares. Based on an average daily volume of 3,550,466 shares, the short-interest ratio is currently 5.1 days. Currently, 18.9% of the company's stock are sold short.

Analyst Ratings Changes

Several equities analysts have recently weighed in on BROS shares. Citigroup cut their price objective on Dutch Bros from $82.00 to $81.00 and set a "buy" rating on the stock in a report on Friday, February 13th. Wolfe Research started coverage on Dutch Bros in a report on Monday, March 9th. They set an "outperform" rating and a $77.00 price objective on the stock. DA Davidson assumed coverage on Dutch Bros in a report on Friday, March 6th. They set a "buy" rating and a $67.00 price objective on the stock. UBS Group reiterated a "buy" rating on shares of Dutch Bros in a report on Friday, April 10th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Dutch Bros in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $75.52.

Institutional Investors Weigh In On Dutch Bros

Several institutional investors have recently bought and sold shares of BROS. Osterweis Capital Management Inc. bought a new stake in Dutch Bros in the 2nd quarter valued at approximately $27,000. Brown Lisle Cummings Inc. bought a new stake in Dutch Bros in the 4th quarter valued at approximately $31,000. Rakuten Securities Inc. lifted its stake in Dutch Bros by 557.4% in the 2nd quarter. Rakuten Securities Inc. now owns 447 shares of the company's stock valued at $31,000 after acquiring an additional 379 shares in the last quarter. Ankerstar Wealth LLC bought a new stake in Dutch Bros in the 4th quarter valued at approximately $31,000. Finally, Quarry LP raised its stake in shares of Dutch Bros by 83.5% during the 4th quarter. Quarry LP now owns 600 shares of the company's stock worth $37,000 after purchasing an additional 273 shares in the last quarter. Institutional investors own 85.54% of the company's stock.

Dutch Bros Trading Down 0.6%

NYSE BROS opened at $51.82 on Thursday. The stock has a market capitalization of $8.53 billion, a price-to-earnings ratio of 80.97, a PEG ratio of 1.90 and a beta of 2.50. The stock's 50 day moving average price is $51.90 and its two-hundred day moving average price is $55.65. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.28 and a current ratio of 1.49. Dutch Bros has a 52 week low of $44.58 and a 52 week high of $77.88.

Dutch Bros (NYSE:BROS - Get Free Report) last released its earnings results on Thursday, February 12th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.10 by $0.07. The firm had revenue of $443.61 million for the quarter, compared to analysts' expectations of $424.44 million. Dutch Bros had a return on equity of 9.56% and a net margin of 4.87%.The business's quarterly revenue was up 29.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.07 EPS. As a group, analysts anticipate that Dutch Bros will post 0.57 earnings per share for the current fiscal year.

About Dutch Bros

Dutch Bros Coffee, trading on the NYSE under the ticker BROS, is an American drive-through coffee chain known for its quick-service model and community-focused brand. Founded in 1992 by brothers Dane and Travis Boersma in Grants Pass, Oregon, the company began as a single coffee stand and has since expanded its footprint across numerous U.S. markets. Dutch Bros specializes in handcrafted espresso drinks, drip coffee, cold brew, energy drinks, smoothies, teas, and a variety of signature “Dutch Freeze” and “Dutch Frost” blended beverages.

The company operates a mix of company-owned and franchised locations, placing a strong emphasis on speed and customer engagement.

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