Short Interest in Dutch Bros Inc. (NYSE:BROS) Increases By 12.1%

Dutch Bros Inc. (NYSE:BROS - Get Free Report) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totalling 7,800,000 shares, an increase of 12.1% from the March 31st total of 6,960,000 shares. Approximately 10.8% of the company's stock are sold short. Based on an average trading volume of 2,030,000 shares, the short-interest ratio is presently 3.8 days.

Dutch Bros Stock Performance

BROS traded down $1.16 during trading on Wednesday, reaching $27.00. The company's stock had a trading volume of 2,650,285 shares, compared to its average volume of 1,946,614. Dutch Bros has a 52-week low of $22.67 and a 52-week high of $36.17. The company's fifty day moving average price is $31.29 and its 200-day moving average price is $29.08. The company has a market capitalization of $4.78 billion, a price-to-earnings ratio of 900.00, a price-to-earnings-growth ratio of 4.39 and a beta of 2.41. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.49.

Dutch Bros (NYSE:BROS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The company reported ($0.01) earnings per share for the quarter, beating analysts' consensus estimates of ($0.04) by $0.03. Dutch Bros had a negative return on equity of 0.54% and a net margin of 0.18%. The company had revenue of $254.12 million for the quarter, compared to analyst estimates of $254.80 million. On average, equities analysts forecast that Dutch Bros will post 0.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on BROS. Guggenheim reaffirmed a "neutral" rating and set a $30.00 price objective on shares of Dutch Bros in a report on Friday, April 5th. JPMorgan Chase & Co. raised their price objective on Dutch Bros from $34.00 to $40.00 and gave the stock an "overweight" rating in a report on Tuesday, March 19th. William Blair reaffirmed an "outperform" rating on shares of Dutch Bros in a report on Thursday, February 22nd. TD Cowen reissued a "hold" rating and set a $33.00 price target on shares of Dutch Bros in a report on Friday, April 26th. Finally, Wedbush reissued an "outperform" rating and set a $37.00 price target on shares of Dutch Bros in a report on Wednesday, April 10th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $34.44.

Insider Activity

In other news, COO Brian Maxwell sold 1,474 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $35.00, for a total value of $51,590.00. Following the sale, the chief operating officer now directly owns 1,039,646 shares in the company, valued at $36,387,610. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Dutch Bros news, COO Brian Maxwell sold 1,474 shares of the firm's stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $35.00, for a total value of $51,590.00. Following the sale, the chief operating officer now directly owns 1,039,646 shares in the company, valued at $36,387,610. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 202,503 shares of the firm's stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $28.06, for a total value of $5,682,234.18. Following the completion of the sale, the insider now owns 1,378,683 shares in the company, valued at $38,685,844.98. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,907,188 shares of company stock worth $561,438,392. Corporate insiders own 46.50% of the company's stock.

Institutional Investors Weigh In On Dutch Bros

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Capstone Investment Advisors LLC lifted its position in shares of Dutch Bros by 238.0% during the 1st quarter. Capstone Investment Advisors LLC now owns 95,384 shares of the company's stock valued at $3,148,000 after acquiring an additional 67,160 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of Dutch Bros by 96.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 27,295 shares of the company's stock valued at $901,000 after acquiring an additional 13,395 shares during the period. Commonwealth Equity Services LLC lifted its position in shares of Dutch Bros by 1.7% during the 1st quarter. Commonwealth Equity Services LLC now owns 113,801 shares of the company's stock valued at $3,755,000 after acquiring an additional 1,929 shares during the period. Principal Financial Group Inc. acquired a new stake in shares of Dutch Bros during the 1st quarter valued at approximately $395,000. Finally, One Day In July LLC acquired a new stake in shares of Dutch Bros during the 1st quarter valued at approximately $380,000. 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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