Dutch Bros Inc. (NYSE:BROS) Short Interest Up 28.7% in March

Dutch Bros Inc. (NYSE:BROS) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 17,959,381 shares, an increase of 28.7% from the March 15th total of 13,958,236 shares. Currently, 18.9% of the shares of the stock are sold short. Based on an average trading volume of 3,550,466 shares, the days-to-cover ratio is currently 5.1 days.

Dutch Bros Price Performance

Shares of Dutch Bros stock opened at $53.45 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.49 and a quick ratio of 1.28. The business’s 50 day simple moving average is $51.80 and its two-hundred day simple moving average is $55.63. The stock has a market capitalization of $8.79 billion, a P/E ratio of 83.52, a price-to-earnings-growth ratio of 1.85 and a beta of 2.50. Dutch Bros has a one year low of $44.58 and a one year high of $77.88.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings results on Thursday, February 12th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.07. The business had revenue of $443.61 million for the quarter, compared to analysts’ expectations of $424.44 million. Dutch Bros had a return on equity of 9.56% and a net margin of 4.87%.The business’s quarterly revenue was up 29.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.07 EPS. Analysts forecast that Dutch Bros will post 0.57 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on BROS shares. Royal Bank Of Canada reissued an “outperform” rating and set a $75.00 price objective on shares of Dutch Bros in a report on Friday, February 13th. UBS Group reissued a “buy” rating on shares of Dutch Bros in a report on Friday, April 10th. Barclays raised their price objective on Dutch Bros from $72.00 to $76.00 and gave the company an “overweight” rating in a report on Wednesday, January 7th. Sanford C. Bernstein reissued an “overweight” rating and set a $76.00 price objective on shares of Dutch Bros in a report on Wednesday, January 7th. Finally, Morgan Stanley reissued an “overweight” rating and set a $85.00 price objective on shares of Dutch Bros in a report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Dutch Bros presently has an average rating of “Moderate Buy” and an average target price of $75.52.

Institutional Investors Weigh In On Dutch Bros

A number of large investors have recently made changes to their positions in the business. Osterweis Capital Management Inc. bought a new stake in shares of Dutch Bros during the second quarter valued at approximately $27,000. Rakuten Securities Inc. boosted its position in shares of Dutch Bros by 557.4% during the second quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock valued at $31,000 after purchasing an additional 379 shares in the last quarter. Brown Lisle Cummings Inc. bought a new stake in shares of Dutch Bros during the fourth quarter valued at approximately $31,000. Ankerstar Wealth LLC bought a new stake in shares of Dutch Bros during the fourth quarter valued at approximately $31,000. Finally, Quarry LP boosted its position in shares of Dutch Bros by 83.5% during the fourth quarter. Quarry LP now owns 600 shares of the company’s stock valued at $37,000 after purchasing an additional 273 shares in the last quarter. 85.54% of the stock is currently owned by institutional investors.

About Dutch Bros

Dutch Bros Coffee, trading on the NYSE under the ticker BROS, is an American drive-through coffee chain known for its quick-service model and community-focused brand. Founded in 1992 by brothers Dane and Travis Boersma in Grants Pass, Oregon, the company began as a single coffee stand and has since expanded its footprint across numerous U.S. markets. Dutch Bros specializes in handcrafted espresso drinks, drip coffee, cold brew, energy drinks, smoothies, teas, and a variety of signature “Dutch Freeze” and “Dutch Frost” blended beverages.

The company operates a mix of company-owned and franchised locations, placing a strong emphasis on speed and customer engagement.