Dutch Bros Inc. (NYSE:BROS) Short Interest Up 47.3% in May

Dutch Bros Inc. (NYSE:BROS - Get Free Report) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 7,500,000 shares, a growth of 47.3% from the April 30th total of 5,090,000 shares. Based on an average trading volume of 3,390,000 shares, the days-to-cover ratio is presently 2.2 days. Approximately 6.6% of the shares of the company are sold short.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Stifel Nicolaus cut their price objective on Dutch Bros from $85.00 to $82.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Wells Fargo & Company began coverage on Dutch Bros in a research report on Wednesday, March 26th. They issued an "overweight" rating and a $80.00 price target for the company. JPMorgan Chase & Co. raised their price target on Dutch Bros from $58.00 to $80.00 and gave the company an "overweight" rating in a research report on Thursday, February 13th. TD Securities restated a "buy" rating and issued a $78.00 price target on shares of Dutch Bros in a research report on Thursday, May 8th. Finally, Piper Sandler dropped their price target on Dutch Bros from $70.00 to $63.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Dutch Bros presently has an average rating of "Buy" and an average price target of $75.73.

Insider Activity

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 119,112 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $65.95, for a total value of $7,855,436.40. Following the completion of the transaction, the insider now owns 2,099,499 shares in the company, valued at approximately $138,461,959.05. This represents a 5.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Travis Boersma sold 722,841 shares of the stock in a transaction 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 completion of the transaction, the chairman now owns 1,940,245 shares of the company's stock, valued at $129,647,170.90. The trade was a 27.14% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,465,214 shares of company stock valued at $237,721,138. 42.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dutch Bros

Several hedge funds and other institutional investors have recently bought and sold shares of BROS. R Squared Ltd acquired a new position in shares of Dutch Bros in the 4th quarter worth approximately $25,000. AdvisorNet Financial Inc acquired a new position in Dutch Bros during the 1st quarter valued at approximately $31,000. Cullen Frost Bankers Inc. acquired a new position in Dutch Bros during the 1st quarter valued at approximately $31,000. Coppell Advisory Solutions LLC boosted its position in Dutch Bros by 638.6% during the 4th quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company's stock valued at $27,000 after purchasing an additional 447 shares during the period. Finally, Banque Transatlantique SA acquired a new position in Dutch Bros during the 1st quarter valued at approximately $38,000. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Dutch Bros Trading Up 1.0%

Shares of Dutch Bros stock traded up $0.75 during trading hours on Thursday, reaching $73.08. The stock had a trading volume of 6,603,223 shares, compared to its average volume of 3,186,942. The firm has a 50 day simple moving average of $63.28 and a two-hundred day simple moving average of $62.15. The firm has a market capitalization of $12.02 billion, a price-to-earnings ratio of 214.96, a P/E/G ratio of 4.23 and a beta of 2.73. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. Dutch Bros has a 1 year low of $26.96 and a 1 year high of $86.88.

Dutch Bros (NYSE:BROS - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.11 by $0.03. The business had revenue of $355.15 million for the quarter, compared to the consensus estimate of $343.30 million. Dutch Bros had a return on equity of 6.78% and a net margin of 2.75%. The company's revenue was up 28.7% on a year-over-year basis. During the same period last year, the business posted $0.09 EPS. As a group, equities research analysts anticipate that Dutch Bros will post 0.57 earnings per share for the current year.

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.