Short Interest in Dutch Bros Inc. (NYSE:BROS) Increases By 6.7%

Dutch Bros Inc. (NYSE:BROS) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totalling 10,970,000 shares, an increase of 6.7% from the August 15th total of 10,280,000 shares. Based on an average trading volume of 3,580,000 shares, the days-to-cover ratio is presently 3.1 days. Currently, 10.1% of the company’s stock are short sold.

Insider Activity at Dutch Bros

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $31.60, for a total transaction of $5,287,154.00. Following the completion of the transaction, the insider now owns 467,228 shares in the company, valued at approximately $14,764,404.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $31.60, for a total value of $5,287,154.00. Following the sale, the insider now directly owns 467,228 shares in the company, valued at $14,764,404.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Travis Boersma sold 800 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $32.00, for a total value of $25,600.00. Following the transaction, the chairman now directly owns 466,828 shares of the company’s stock, valued at $14,938,496. The disclosure for this sale can be found here. Insiders have sold a total of 1,110,662 shares of company stock valued at $35,502,058 over the last 90 days. 46.50% of the stock is owned by corporate insiders.

Institutional Trading of Dutch Bros

Several hedge funds and other institutional investors have recently made changes to their positions in BROS. Transcendent Capital Group LLC acquired a new stake in Dutch Bros in the first quarter valued at about $26,000. Arcadia Investment Management Corp MI purchased a new position in shares of Dutch Bros during the 2nd quarter worth approximately $27,000. Quest Partners LLC lifted its holdings in shares of Dutch Bros by 3,321.7% in the 2nd quarter. Quest Partners LLC now owns 787 shares of the company’s stock valued at $33,000 after buying an additional 764 shares during the period. Abound Wealth Management purchased a new stake in shares of Dutch Bros in the second quarter valued at approximately $39,000. Finally, Quarry LP acquired a new position in Dutch Bros during the second quarter worth $43,000. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Dutch Bros Stock Performance

Dutch Bros stock traded up $0.54 during mid-day trading on Tuesday, reaching $34.49. 910,175 shares of the company were exchanged, compared to its average volume of 2,738,303. The firm’s 50-day simple moving average is $34.79 and its two-hundred day simple moving average is $34.61. Dutch Bros has a twelve month low of $22.67 and a twelve month high of $43.49. The firm has a market cap of $6.11 billion, a PE ratio of 188.33, a price-to-earnings-growth ratio of 2.70 and a beta of 2.49. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.88 and a current ratio of 2.19.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.06. The firm had revenue of $324.92 million during the quarter, compared to the consensus estimate of $317.39 million. Dutch Bros had a return on equity of 3.99% and a net margin of 1.95%. The company’s revenue for the quarter was up 30.0% on a year-over-year basis. During the same period last year, the company earned $0.07 earnings per share. Equities analysts predict that Dutch Bros will post 0.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. TD Cowen restated a “buy” rating and set a $47.00 price objective on shares of Dutch Bros in a research report on Thursday, September 12th. Robert W. Baird reduced their price target on shares of Dutch Bros from $42.00 to $37.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. UBS Group upgraded shares of Dutch Bros from a “neutral” rating to a “buy” rating and set a $39.00 price objective for the company in a research note on Thursday, August 15th. Bank of America lifted their target price on Dutch Bros from $44.00 to $49.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Finally, Barclays decreased their target price on Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Dutch Bros presently has an average rating of “Moderate Buy” and a consensus price target of $39.73.

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.