Dutch Bros Inc. (NYSE:BROS) Sees Significant Drop in Short Interest

Dutch Bros Inc. (NYSE:BROS) was the recipient of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 5,200,000 shares, a decrease of 25.4% from the February 13th total of 6,970,000 shares. Approximately 4.9% of the company’s stock are sold short. Based on an average daily trading volume, of 2,850,000 shares, the short-interest ratio is currently 1.8 days.

Insiders Place Their Bets

In other news, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $77.73, for a total value of $22,674,385.11. Following the completion of the sale, the insider now owns 2,903,316 shares in the company, valued at $225,674,752.68. This represents a 9.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Travis Boersma sold 679,996 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $74.77, for a total transaction of $50,843,300.92. Following the completion of the sale, the chairman now owns 2,640,779 shares of the company’s stock, valued at approximately $197,451,045.83. The trade was a 20.48 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,643,632 shares of company stock worth $201,509,627. Insiders own 46.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC bought a new stake in Dutch Bros in the fourth quarter valued at $267,000. Copia Wealth Management bought a new stake in Dutch Bros in the fourth quarter valued at $73,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Dutch Bros in the fourth quarter valued at $5,700,000. Jefferies Financial Group Inc. bought a new stake in Dutch Bros in the fourth quarter valued at $2,585,000. Finally, Bernard Wealth Management Corp. bought a new stake in Dutch Bros in the fourth quarter valued at $43,000. Institutional investors own 85.54% of the company’s stock.

Wall Street Analysts Forecast Growth

BROS has been the subject of several research reports. UBS Group increased their price target on shares of Dutch Bros from $67.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Stifel Nicolaus increased their target price on shares of Dutch Bros from $74.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Jefferies Financial Group increased their target price on shares of Dutch Bros from $60.00 to $69.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Robert W. Baird increased their target price on shares of Dutch Bros from $70.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Finally, Piper Sandler increased their target price on shares of Dutch Bros from $51.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Dutch Bros currently has a consensus rating of “Buy” and a consensus price target of $75.75.

Dutch Bros Trading Down 0.9 %

Shares of Dutch Bros stock traded down $0.55 on Monday, hitting $61.93. The stock had a trading volume of 2,234,523 shares, compared to its average volume of 2,954,458. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. Dutch Bros has a one year low of $26.85 and a one year high of $86.88. The stock has a market cap of $9.55 billion, a price-to-earnings ratio of 182.16, a PEG ratio of 4.23 and a beta of 2.65. The stock’s 50-day simple moving average is $66.29 and its two-hundred day simple moving average is $50.47.

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.