Short Interest in Dutch Bros Inc. (NYSE:BROS) Drops By 25.4%

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

Insider Activity

In other news, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $74.77, for a total value of $19,629,891.49. Following the completion of the transaction, the insider now owns 2,640,779 shares in the company, valued at approximately $197,451,045.83. This represents a 9.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Travis Boersma sold 679,996 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $74.77, for a total transaction of $50,843,300.92. Following the completion of the transaction, 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. In the last quarter, insiders sold 2,643,632 shares of company stock worth $201,509,627. Corporate insiders own 46.50% of the company’s stock.

Hedge Funds Weigh In On Dutch Bros

Institutional investors and hedge funds have recently made changes to their positions in the stock. R Squared Ltd acquired a new position in shares of Dutch Bros during the 4th quarter worth $25,000. Coppell Advisory Solutions LLC grew its stake in shares of Dutch Bros by 638.6% during the 4th quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company’s stock worth $27,000 after purchasing an additional 447 shares during the period. Point72 Hong Kong Ltd acquired a new position in shares of Dutch Bros during the 3rd quarter worth $36,000. Fortitude Family Office LLC acquired a new position in shares of Dutch Bros during the 4th quarter worth $41,000. Finally, Bernard Wealth Management Corp. acquired a new position in shares of Dutch Bros during the 4th quarter worth $43,000. 85.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BROS has been the subject of several research reports. UBS Group upped 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. Barclays upgraded shares of Dutch Bros from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $38.00 to $70.00 in a research report on Tuesday, January 7th. Piper Sandler upped their price target on shares of Dutch Bros from $51.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Bank of America upped their price target on shares of Dutch Bros from $61.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Finally, Baird R W upgraded shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $75.75.

Dutch Bros Stock Down 0.9 %

Shares of Dutch Bros stock opened at $61.93 on Tuesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.76. Dutch Bros has a one year low of $26.85 and a one year high of $86.88. The company has a market cap of $9.55 billion, a P/E ratio of 182.16, a PEG ratio of 4.23 and a beta of 2.65. The firm has a fifty day moving average of $66.37 and a two-hundred day moving average of $50.69.

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.