Short Interest in Dutch Bros Inc. (NYSE:BROS) Rises By 15.0%

Dutch Bros Inc. (NYSE:BROS) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 8,150,000 shares, an increase of 15.0% from the November 30th total of 7,090,000 shares. Approximately 7.4% of the shares of the company are sold short. Based on an average trading volume of 2,800,000 shares, the days-to-cover ratio is currently 2.9 days.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Wedbush increased their target price on shares of Dutch Bros from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Barclays increased their price target on Dutch Bros from $31.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. UBS Group lifted their price objective on Dutch Bros from $44.00 to $65.00 and gave the company a “buy” rating in a report on Friday, December 6th. Robert W. Baird upped their target price on Dutch Bros from $37.00 to $46.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, William Blair restated an “outperform” rating on shares of Dutch Bros in a research report on Tuesday, December 17th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Dutch Bros presently has a consensus rating of “Moderate Buy” and an average target price of $51.27.

Dutch Bros Price Performance

NYSE BROS traded down $0.81 during trading on Monday, hitting $52.55. 1,954,986 shares of the company’s stock were exchanged, compared to its average volume of 2,763,597. The company has a market cap of $8.10 billion, a PE ratio of 181.21, a P/E/G ratio of 3.89 and a beta of 2.72. The company has a current ratio of 1.90, a quick ratio of 1.68 and a debt-to-equity ratio of 0.79. Dutch Bros has a fifty-two week low of $25.46 and a fifty-two week high of $56.10. The stock’s 50 day moving average price is $47.70 and its two-hundred day moving average price is $39.77.

Dutch Bros (NYSE:BROS) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. The business had revenue of $338.20 million during the quarter, compared to analysts’ expectations of $324.97 million. During the same period in the prior year, the company earned $0.08 EPS. The firm’s quarterly revenue was up 27.9% compared to the same quarter last year. Research analysts expect that Dutch Bros will post 0.39 EPS for the current year.

Insider Buying and Selling at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $33.38, for a total value of $3,867,206.52. Following the completion of the sale, the insider now owns 9,817 shares of the company’s stock, valued at approximately $327,691.46. The trade was a 92.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Travis Boersma sold 38,339 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $33.48, for a total transaction of $1,283,589.72. Following the completion of the transaction, the chairman now owns 15,610 shares in the company, valued at $522,622.80. This trade represents a 71.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 560,698 shares of company stock valued at $19,040,697 in the last three months. 46.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dutch Bros

Hedge funds have recently modified their holdings of the company. Arcadia Investment Management Corp MI bought a new position in Dutch Bros in the second quarter valued at about $27,000. Jamison Private Wealth Management Inc. increased its stake in shares of Dutch Bros by 150.2% in the third quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock valued at $27,000 after buying an additional 500 shares during the period. Hollencrest Capital Management raised its holdings in Dutch Bros by 52.3% in the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock valued at $29,000 after buying an additional 314 shares during the last quarter. Quest Partners LLC boosted its position in Dutch Bros by 3,321.7% during 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, Point72 Hong Kong Ltd acquired a new stake in Dutch Bros during the 3rd quarter worth approximately $36,000. Institutional investors and hedge funds own 85.54% of the company’s stock.

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.