Dutch Bros Inc. (NYSE:BROS) Short Interest Update

Dutch Bros Inc. (NYSE:BROS) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 7,330,000 shares, an increase of 7.0% from the May 31st total of 6,850,000 shares. Based on an average daily volume of 2,700,000 shares, the short-interest ratio is presently 2.7 days. Currently, 7.4% of the company’s stock are short sold.

Insiders Place Their Bets

In other news, Chairman Travis Boersma sold 264,798 shares of the company’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $36.20, for a total transaction of $9,585,687.60. Following the transaction, the chairman now directly owns 634,543 shares of the company’s stock, valued at $22,970,456.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Chairman Travis Boersma sold 264,798 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $36.20, for a total value of $9,585,687.60. Following the sale, the chairman now owns 634,543 shares in the company, valued at $22,970,456.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 16,452 shares of Dutch Bros stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $36.02, for a total transaction of $592,601.04. Following the completion of the sale, the insider now directly owns 634,543 shares of the company’s stock, valued at approximately $22,856,238.86. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,228,068 shares of company stock valued at $44,765,154. Corporate insiders own 46.50% of the company’s stock.

Hedge Funds Weigh In On Dutch Bros

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of Dutch Bros by 35.0% during the 1st quarter. Vanguard Group Inc. now owns 6,412,246 shares of the company’s stock valued at $211,604,000 after purchasing an additional 1,661,778 shares during the last quarter. Joho Capital LLC boosted its stake in Dutch Bros by 428.9% during the first quarter. Joho Capital LLC now owns 1,364,514 shares of the company’s stock valued at $45,029,000 after buying an additional 1,106,511 shares during the last quarter. Wasatch Advisors LP purchased a new position in Dutch Bros during the 1st quarter valued at approximately $41,988,000. American Century Companies Inc. grew its holdings in Dutch Bros by 191.7% during the 3rd quarter. American Century Companies Inc. now owns 1,177,148 shares of the company’s stock valued at $27,369,000 after buying an additional 773,616 shares in the last quarter. Finally, Clearbridge Investments LLC increased its stake in Dutch Bros by 0.8% in the 1st quarter. Clearbridge Investments LLC now owns 870,897 shares of the company’s stock worth $28,740,000 after acquiring an additional 7,240 shares during the last quarter. 85.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Wedbush raised their target price on Dutch Bros from $39.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, May 16th. Bank of America raised their price objective on shares of Dutch Bros from $44.00 to $49.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Guggenheim reaffirmed a “neutral” rating and set a $30.00 target price on shares of Dutch Bros in a report on Friday, April 5th. Barclays lifted their price target on shares of Dutch Bros from $30.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 8th. Finally, Robert W. Baird upped their price objective on Dutch Bros from $33.00 to $42.00 and gave the stock a “neutral” rating in a research note on Wednesday. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Dutch Bros currently has an average rating of “Moderate Buy” and an average target price of $39.55.

Dutch Bros Stock Performance

NYSE BROS opened at $41.56 on Thursday. The company has a quick ratio of 1.98, a current ratio of 2.29 and a debt-to-equity ratio of 0.86. Dutch Bros has a twelve month low of $22.67 and a twelve month high of $42.87. The business has a 50-day moving average price of $35.95 and a 200-day moving average price of $32.09. The firm has a market cap of $7.36 billion, a price-to-earnings ratio of 230.90, a price-to-earnings-growth ratio of 6.31 and a beta of 2.53.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.06 earnings per share for the quarter. The business had revenue of $275.10 million during the quarter, compared to the consensus estimate of $255.71 million. Dutch Bros had a return on equity of 1.99% and a net margin of 1.21%. As a group, equities research analysts predict that Dutch Bros will post 0.29 EPS for the current fiscal 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.