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

Dutch Bros Inc. (NYSE:BROS) was the target of a significant 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. Approximately 7.4% of the company’s stock are sold short. Based on an average daily trading volume, of 2,700,000 shares, the short-interest ratio is presently 2.7 days.

Insiders Place Their Bets

In other news, Chairman Travis Boersma sold 54,359 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $36.02, for a total transaction of $1,958,011.18. Following the sale, the chairman now owns 1,281,743 shares in the company, valued at $46,168,382.86. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, major shareholder Dm Trust Aggregator, Llc sold 27,135 shares of the company’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $36.02, for a total transaction of $977,402.70. Following the transaction, the insider now directly owns 2,116,783 shares of the company’s stock, valued at $76,246,523.66. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Travis Boersma sold 54,359 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 $1,958,011.18. Following the sale, 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. Over the last ninety days, insiders sold 1,228,068 shares of company stock valued at $44,765,154. Insiders own 46.50% of the company’s stock.

Institutional Trading of Dutch Bros

Several institutional investors have recently made changes to their positions in BROS. Transcendent Capital Group LLC purchased a new position in Dutch Bros in the 1st quarter worth approximately $26,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Dutch Bros in the fourth quarter worth $40,000. Avior Wealth Management LLC boosted its position in shares of Dutch Bros by 1,610.7% during the fourth quarter. Avior Wealth Management LLC now owns 1,283 shares of the company’s stock worth $41,000 after acquiring an additional 1,208 shares during the last quarter. Allworth Financial LP grew its stake in Dutch Bros by 41.8% during the fourth quarter. Allworth Financial LP now owns 1,598 shares of the company’s stock valued at $51,000 after acquiring an additional 471 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC increased its holdings in Dutch Bros by 31.1% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 2,490 shares of the company’s stock valued at $79,000 after acquiring an additional 590 shares during the last quarter. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Dutch Bros Price Performance

NYSE:BROS traded down $0.31 during trading hours on Wednesday, hitting $41.52. 2,313,532 shares of the stock traded hands, compared to its average volume of 2,464,244. The company has a market cap of $7.36 billion, a price-to-earnings ratio of 230.68, a price-to-earnings-growth ratio of 6.25 and a beta of 2.53. Dutch Bros has a 1 year low of $22.67 and a 1 year high of $42.87. The stock has a 50 day moving average price of $35.69 and a 200 day moving average price of $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 released its earnings results on Tuesday, May 7th. The company reported $0.06 earnings per share 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. Sell-side analysts forecast that Dutch Bros will post 0.29 EPS 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.