Dutch Bros Inc. (NYSE:BROS) Short Interest Down 8.8% in January

Dutch Bros Inc. (NYSE:BROS) saw a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 7,030,000 shares, a decrease of 8.8% from the January 15th total of 7,710,000 shares. Based on an average daily volume of 2,820,000 shares, the short-interest ratio is presently 2.5 days. Approximately 6.5% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BROS. Stifel Nicolaus boosted their price objective on shares of Dutch Bros from $62.00 to $74.00 and gave the company a “buy” rating in a research report on Thursday. Baird R W upgraded Dutch Bros from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. TD Cowen raised their price objective on Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Barclays upgraded Dutch Bros from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $38.00 to $70.00 in a research note on Tuesday, January 7th. Finally, Wedbush lifted their price target on shares of Dutch Bros from $65.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday. One investment analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $74.83.

Dutch Bros Trading Down 2.0 %

BROS stock traded down $1.69 during midday trading on Monday, reaching $81.85. The company’s stock had a trading volume of 4,065,171 shares, compared to its average volume of 2,051,615. Dutch Bros has a 1 year low of $26.38 and a 1 year high of $86.42. The firm has a market capitalization of $12.62 billion, a price-to-earnings ratio of 282.26, a PEG ratio of 3.88 and a beta of 2.73. The stock has a fifty day simple moving average of $59.46 and a two-hundred day simple moving average of $45.23. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.68 and a current ratio of 1.90.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BROS. Virtu Financial LLC bought a new position in Dutch Bros in the third quarter worth approximately $573,000. Baillie Gifford & Co. bought a new position in shares of Dutch Bros in the 3rd quarter worth $224,461,000. Charles Schwab Investment Management Inc. raised its position in shares of Dutch Bros by 35.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 687,527 shares of the company’s stock worth $22,021,000 after acquiring an additional 181,636 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Dutch Bros by 38.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 212,834 shares of the company’s stock worth $6,817,000 after purchasing an additional 58,623 shares during the last quarter. Finally, Clear Creek Financial Management LLC bought a new stake in Dutch Bros during the fourth quarter valued at about $288,000. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

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.