Dutch Bros Inc. (NYSE:BROS) Short Interest Up 6.7% in August

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. Currently, 10.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,580,000 shares, the short-interest ratio is currently 3.1 days.

Analyst Ratings Changes

BROS has been the topic of several recent research reports. Piper Sandler downgraded shares of Dutch Bros from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $41.00 to $36.00 in a report on Monday, August 19th. TD Cowen reaffirmed a “buy” rating and issued a $47.00 target price on shares of Dutch Bros in a research note on Thursday, September 12th. Guggenheim raised Dutch Bros from a “neutral” rating to a “buy” rating in a research report on Thursday, August 8th. Stifel Nicolaus cut their price target on Dutch Bros from $40.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, Bank of America increased their price objective on Dutch Bros from $44.00 to $49.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Dutch Bros has a consensus rating of “Moderate Buy” and an average target price of $39.73.

Dutch Bros Trading Up 1.6 %

BROS traded up $0.54 during midday trading on Tuesday, hitting $34.49. The company’s stock had a trading volume of 910,175 shares, compared to its average volume of 2,738,303. The firm has a market cap of $6.11 billion, a P/E ratio of 188.33, a PEG ratio of 2.70 and a beta of 2.49. Dutch Bros has a 52-week low of $22.67 and a 52-week high of $43.49. The company has a current ratio of 2.19, a quick ratio of 1.88 and a debt-to-equity ratio of 0.82. The firm has a 50-day moving average price of $34.79 and a two-hundred day moving average price of $34.61.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.19 EPS 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 analyst estimates of $317.39 million. Dutch Bros had a net margin of 1.95% and a return on equity of 3.99%. Dutch Bros’s revenue for the quarter was up 30.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.07 earnings per share. On average, research analysts anticipate that Dutch Bros will post 0.32 earnings per share for the current year.

Insider Buying and Selling

In other Dutch Bros news, Chairman Travis Boersma sold 426,891 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $31.59, for a total value of $13,485,486.69. Following the completion of the transaction, the chairman now directly owns 467,228 shares of the company’s stock, valued at $14,759,732.52. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, major shareholder Dm Trust Aggregator, Llc sold 4,600 shares of Dutch Bros stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $34.01, for a total transaction of $156,446.00. Following the completion of the transaction, the insider now owns 507,700 shares of the company’s stock, valued at approximately $17,266,877. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Travis Boersma sold 426,891 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $31.59, for a total transaction of $13,485,486.69. Following the completion of the sale, the chairman now owns 467,228 shares in the company, valued at $14,759,732.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,110,662 shares of company stock valued at $35,502,058. Corporate insiders own 46.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Creative Planning raised its holdings in shares of Dutch Bros by 5.6% in the 2nd quarter. Creative Planning now owns 7,673 shares of the company’s stock worth $318,000 after purchasing an additional 405 shares during the period. Keudell Morrison Wealth Management raised its holdings in Dutch Bros by 5.2% in the second quarter. Keudell Morrison Wealth Management now owns 10,546 shares of the company’s stock valued at $437,000 after buying an additional 524 shares during the period. Arcadia Investment Management Corp MI purchased a new position in Dutch Bros in the second quarter valued at approximately $27,000. Wealth Management Partners LLC grew its stake in Dutch Bros by 4.2% during the first quarter. Wealth Management Partners LLC now owns 18,790 shares of the company’s stock worth $620,000 after buying an additional 756 shares during the period. Finally, Quest Partners LLC grew its stake in Dutch Bros by 3,321.7% during the second quarter. Quest Partners LLC now owns 787 shares of the company’s stock worth $33,000 after buying an additional 764 shares during the period. Institutional investors and hedge funds own 85.54% of the company’s stock.

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.