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

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. Approximately 4.9% of the shares of the stock are sold short. Based on an average daily volume of 2,850,000 shares, the short-interest ratio is currently 1.8 days.

Insiders Place Their Bets

In other Dutch Bros news, Chairman Travis Boersma sold 755,551 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $77.73, for a total transaction of $58,728,979.23. Following the sale, the chairman now directly owns 2,903,316 shares in the company, valued at approximately $225,674,752.68. The trade was a 20.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of Dutch Bros stock in a transaction on Friday, February 21st. The stock was sold at an average price of $77.73, for a total value of $22,674,385.11. Following the transaction, the insider now directly owns 2,903,316 shares of the company’s stock, valued at $225,674,752.68. This trade represents a 9.13 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,643,632 shares of company stock worth $201,509,627. Corporate insiders own 46.50% of the company’s stock.

Institutional Trading of Dutch Bros

A number of institutional investors have recently modified their holdings of BROS. Amalgamated Bank grew its holdings in shares of Dutch Bros by 10.4% during the 3rd quarter. Amalgamated Bank now owns 6,048 shares of the company’s stock worth $194,000 after purchasing an additional 570 shares during the period. State of New Jersey Common Pension Fund D grew its holdings in shares of Dutch Bros by 23.3% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 62,891 shares of the company’s stock worth $2,014,000 after purchasing an additional 11,880 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Dutch Bros by 18.1% during the 3rd quarter. Victory Capital Management Inc. now owns 23,523 shares of the company’s stock worth $753,000 after purchasing an additional 3,605 shares during the period. Oppenheimer Asset Management Inc. purchased a new stake in shares of Dutch Bros during the 3rd quarter worth about $1,207,000. Finally, KBC Group NV boosted its holdings in Dutch Bros by 53.3% in the 3rd quarter. KBC Group NV now owns 3,025 shares of the company’s stock worth $97,000 after acquiring an additional 1,052 shares during the period. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Analyst Ratings Changes

BROS has been the subject of several research reports. William Blair reaffirmed an “outperform” rating on shares of Dutch Bros in a research note on Tuesday, December 17th. Jefferies Financial Group lifted their price target on Dutch Bros from $60.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. UBS Group lifted their price target on Dutch Bros from $67.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Stifel Nicolaus lifted their price target on Dutch Bros from $74.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Finally, Wedbush boosted their target price on shares of Dutch Bros from $65.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Dutch Bros has a consensus rating of “Buy” and a consensus price target of $75.75.

Dutch Bros Trading Up 4.7 %

Shares of NYSE BROS traded up $2.79 on Friday, reaching $62.40. 1,889,844 shares of the company traded hands, compared to its average volume of 3,184,399. Dutch Bros has a fifty-two week low of $26.85 and a fifty-two week high of $86.88. The company has a 50 day moving average of $66.29 and a 200 day moving average of $50.33. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $9.62 billion, a PE ratio of 183.53, a P/E/G ratio of 4.23 and a beta of 2.65.

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.