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

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

Insider Buying and Selling at Dutch Bros

In other news, major shareholder Dm Trust Aggregator, Llc sold 27,135 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $36.02, for a total value of $977,402.70. Following the transaction, the insider now directly owns 2,116,783 shares in the company, valued at approximately $76,246,523.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Dutch Bros news, major shareholder Dm Trust Aggregator, Llc sold 27,135 shares of the stock in a transaction on Monday, May 13th. The shares were sold at an average price of $36.02, for a total value of $977,402.70. Following the sale, the insider now directly owns 2,116,783 shares in the company, valued at $76,246,523.66. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Travis Boersma sold 54,359 shares of Dutch Bros stock in a transaction on Monday, May 13th. The stock was sold at an average price of $36.02, for a total transaction of $1,958,011.18. Following the transaction, the chairman now directly owns 1,281,743 shares in the company, valued at $46,168,382.86. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,228,068 shares of company stock worth $44,765,154. Insiders own 46.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in Dutch Bros by 35.0% during the first quarter. Vanguard Group Inc. now owns 6,412,246 shares of the company’s stock worth $211,604,000 after purchasing an additional 1,661,778 shares during the period. Joho Capital LLC lifted its position in Dutch Bros by 428.9% during the first quarter. Joho Capital LLC now owns 1,364,514 shares of the company’s stock worth $45,029,000 after acquiring an additional 1,106,511 shares during the last quarter. Wasatch Advisors LP acquired a new position in shares of Dutch Bros in the first quarter valued at approximately $41,988,000. American Century Companies Inc. grew its holdings in Dutch Bros by 191.7% in 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 lifted its holdings in shares of Dutch Bros by 0.8% during the first quarter. Clearbridge Investments LLC now owns 870,897 shares of the company’s stock worth $28,740,000 after buying an additional 7,240 shares in the last quarter. 85.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on BROS shares. Barclays boosted their price objective on Dutch Bros from $30.00 to $35.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 8th. Wedbush increased their price objective on shares of Dutch Bros from $39.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, May 16th. Guggenheim reaffirmed a “neutral” rating and issued a $30.00 price objective on shares of Dutch Bros in a research report on Friday, April 5th. Stifel Nicolaus reiterated a “buy” rating and set a $40.00 target price on shares of Dutch Bros in a report on Wednesday, April 3rd. Finally, JPMorgan Chase & Co. upped their price objective on Dutch Bros from $40.00 to $44.00 and gave the stock an “overweight” rating in a research report on Monday, June 3rd. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $39.55.

Dutch Bros Stock Down 0.7 %

Shares of NYSE:BROS traded down $0.31 during midday trading on Wednesday, hitting $41.52. The stock had a trading volume of 2,313,532 shares, compared to its average volume of 2,464,244. The company has a market cap of $7.36 billion, a P/E ratio of 230.68, a PEG ratio of 6.25 and a beta of 2.53. Dutch Bros has a 12 month low of $22.67 and a 12 month high of $42.87. The business’s 50-day simple moving average is $35.69 and its 200-day simple moving average is $32.03. 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 (NYSE:BROS) last issued its earnings results on Tuesday, May 7th. The company reported $0.06 earnings per share (EPS) for the quarter. Dutch Bros had a net margin of 1.21% and a return on equity of 1.99%. The company had revenue of $275.10 million for the quarter, compared to analysts’ expectations of $255.71 million. On average, sell-side analysts forecast that Dutch Bros will post 0.29 earnings per share for the current fiscal year.

About Dutch Bros

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.