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

Dutch Bros Inc. (NYSE:BROS) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 13,150,000 shares, an increase of 18.6% from the September 15th total of 11,090,000 shares. Based on an average daily volume of 3,310,000 shares, the days-to-cover ratio is presently 4.0 days. Approximately 12.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BROS. Guggenheim upgraded Dutch Bros from a “neutral” rating to a “buy” rating in a research note on Thursday, August 8th. Barclays cut 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. UBS Group upgraded Dutch Bros from a “neutral” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Thursday, August 15th. Robert W. Baird cut their price objective 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. Finally, TD Cowen reissued a “buy” rating and issued a $47.00 target price on shares of Dutch Bros in a report on Thursday, September 12th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Dutch Bros presently has a consensus rating of “Moderate Buy” and an average price target of $40.20.

Insider Buying and Selling at Dutch Bros

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $31.60, for a total value of $5,287,154.00. Following the transaction, the insider now directly owns 467,228 shares of the company’s stock, valued at $14,764,404.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Chairman Travis Boersma sold 426,891 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $31.59, for a total transaction of $13,485,486.69. Following the transaction, the chairman now directly owns 467,228 shares of the company’s stock, valued at approximately $14,759,732.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 467,228 shares of the company’s stock, valued at $14,764,404.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,128,885 shares of company stock worth $36,124,009 over the last ninety days. Insiders own 46.50% of the company’s stock.

Institutional Investors Weigh In On Dutch Bros

Several large investors have recently added to or reduced their stakes in the business. Transcendent Capital Group LLC acquired a new position in Dutch Bros during the 1st quarter valued at about $26,000. Arcadia Investment Management Corp MI bought a new stake in shares of Dutch Bros in the second quarter valued at $27,000. Jamison Private Wealth Management Inc. lifted its holdings in Dutch Bros by 150.2% during the third quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock valued at $27,000 after purchasing an additional 500 shares during the last quarter. Quest Partners LLC boosted its holdings in Dutch Bros by 3,321.7% in the 2nd 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. Finally, Abound Wealth Management bought a new stake in shares of Dutch Bros during the 2nd quarter valued at $39,000. Institutional investors and hedge funds own 85.54% of the company’s stock.

Dutch Bros Price Performance

Shares of NYSE BROS traded up $0.36 during midday trading on Wednesday, reaching $34.56. 699,663 shares of the company were exchanged, compared to its average volume of 2,733,504. The stock’s 50-day moving average price is $32.31 and its 200-day moving average price is $34.65. The stock has a market cap of $6.12 billion, a P/E ratio of 192.39, a PEG ratio of 2.55 and a beta of 2.49. The company has a quick ratio of 1.88, a current ratio of 2.19 and a debt-to-equity ratio of 0.82. Dutch Bros has a one year low of $23.31 and a one year high of $43.49.

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