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

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

Insider Buying and Selling

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

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Institutional Trading of Dutch Bros

Several large investors have recently modified their holdings of BROS. Gould Capital LLC lifted its holdings in Dutch Bros by 20.4% in the 4th quarter. Gould Capital LLC now owns 826 shares of the company's stock worth $43,000 after buying an additional 140 shares during the period. Amalgamated Bank lifted its stake in Dutch Bros by 3.6% in the fourth quarter. Amalgamated Bank now owns 6,268 shares of the company's stock worth $328,000 after acquiring an additional 220 shares during the period. Arizona State Retirement System increased its position in Dutch Bros by 0.8% during the 4th quarter. Arizona State Retirement System now owns 33,033 shares of the company's stock valued at $1,730,000 after purchasing an additional 260 shares during the period. Treasurer of the State of North Carolina increased its position in Dutch Bros by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 48,050 shares of the company's stock valued at $2,517,000 after purchasing an additional 310 shares during the period. Finally, Level Four Advisory Services LLC raised its holdings in Dutch Bros by 6.1% in the 4th quarter. Level Four Advisory Services LLC now owns 6,793 shares of the company's stock worth $356,000 after purchasing an additional 392 shares in the last quarter. 85.54% of the stock is owned by institutional investors.

Dutch Bros Trading Down 0.9 %

BROS traded down $0.58 during trading on Thursday, hitting $65.71. 4,392,805 shares of the stock traded hands, compared to its average volume of 2,992,395. The firm has a market capitalization of $10.13 billion, a P/E ratio of 193.27, a price-to-earnings-growth ratio of 4.23 and a beta of 2.65. Dutch Bros has a 12-month low of $26.85 and a 12-month high of $86.88. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.76 and a quick ratio of 1.58. The firm has a 50-day moving average of $66.88 and a 200 day moving average of $51.12.

Analyst Upgrades and Downgrades

BROS has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their price target on shares of Dutch Bros from $58.00 to $80.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. Stifel Nicolaus upped their target price on Dutch Bros from $74.00 to $85.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Robert W. Baird lifted their price target on Dutch Bros from $70.00 to $95.00 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. Finally, TD Securities lifted their target price on shares of Dutch Bros from $65.00 to $89.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. One investment 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, the stock presently has a consensus rating of "Buy" and an average target price of $75.75.

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.