Dutch Bros Inc. (NYSE:BROS) Short Interest Down 8.8% in January

Dutch Bros Inc. (NYSE:BROS - Get Free Report) was the recipient of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 7,030,000 shares, a decrease of 8.8% from the January 15th total of 7,710,000 shares. Currently, 6.5% of the shares of the company are short sold. Based on an average daily volume of 2,820,000 shares, the days-to-cover ratio is currently 2.5 days.

Dutch Bros Price Performance

Shares of NYSE:BROS traded down $5.94 on Friday, reaching $76.09. 5,499,361 shares of the company were exchanged, compared to its average volume of 3,070,400. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. Dutch Bros has a 1-year low of $26.38 and a 1-year high of $86.88. The firm has a market cap of $11.73 billion, a price-to-earnings ratio of 223.79, a price-to-earnings-growth ratio of 4.70 and a beta of 2.73. The company has a 50-day moving average of $61.35 and a 200-day moving average of $46.09.

Analyst Ratings Changes

BROS has been the subject of several research reports. Jefferies Financial Group upped their price target on shares of Dutch Bros from $60.00 to $69.00 and gave the company a "buy" rating in a research report on Wednesday, January 15th. Wedbush upped their price target on shares of Dutch Bros from $65.00 to $100.00 and gave the company an "outperform" 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 objective for the stock from $38.00 to $70.00 in a research report on Tuesday, January 7th. Robert W. Baird upped their price objective 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, TD Cowen upped their price objective on shares of Dutch Bros from $47.00 to $53.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. 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 company. According to MarketBeat.com, Dutch Bros currently has a consensus rating of "Buy" and a consensus target price of $74.83.

Hedge Funds Weigh In On Dutch Bros

A number of institutional investors and hedge funds have recently made changes to their positions in BROS. R Squared Ltd acquired a new stake in Dutch Bros in the 4th quarter valued at about $25,000. Coppell Advisory Solutions LLC lifted its holdings 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 acquiring an additional 447 shares during the period. Fortitude Family Office LLC purchased a new position in Dutch Bros in the fourth quarter valued at approximately $41,000. Bernard Wealth Management Corp. purchased a new position in Dutch Bros in the fourth quarter valued at approximately $43,000. Finally, Hollencrest Capital Management raised its holdings in Dutch Bros by 52.3% in the third 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 period. 85.54% of the stock is owned by institutional investors and hedge funds.

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.