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

Dutch Bros Inc. (NYSE:BROS) was the recipient of a large decrease in short interest in 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 company’s shares are sold short. Based on an average daily volume of 2,820,000 shares, the days-to-cover ratio is currently 2.5 days.

Dutch Bros Stock Performance

Shares of BROS opened at $85.34 on Wednesday. The firm has a market cap of $13.16 billion, a price-to-earnings ratio of 294.30, a PEG ratio of 3.88 and a beta of 2.73. The company has a quick ratio of 1.68, a current ratio of 1.90 and a debt-to-equity ratio of 0.79. The business’s 50 day moving average is $59.46 and its two-hundred day moving average is $45.23. Dutch Bros has a 52-week low of $26.38 and a 52-week high of $86.88.

Analysts Set New Price Targets

Several research firms recently commented on BROS. Jefferies Financial Group raised their price target on shares of Dutch Bros from $60.00 to $69.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Piper Sandler raised their target price on shares of Dutch Bros from $51.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Barclays upgraded shares of Dutch Bros from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $38.00 to $70.00 in a report on Tuesday, January 7th. Wedbush increased their price target on Dutch Bros from $65.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. boosted their price objective on Dutch Bros from $58.00 to $80.00 and gave the stock an “overweight” 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $74.83.

Institutional Trading of Dutch Bros

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Creative Planning grew its holdings in Dutch Bros by 62.3% during the 3rd quarter. Creative Planning now owns 12,451 shares of the company’s stock worth $399,000 after acquiring an additional 4,778 shares in the last quarter. NBC Securities Inc. acquired a new position in Dutch Bros in the third quarter worth about $177,000. nVerses Capital LLC acquired a new position in Dutch Bros in the third quarter worth about $38,000. Allspring Global Investments Holdings LLC increased its holdings in Dutch Bros by 3.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 867,653 shares of the company’s stock valued at $27,791,000 after buying an additional 30,437 shares during the last quarter. Finally, Private Advisor Group LLC raised its stake in Dutch Bros by 269.1% during the third quarter. Private Advisor Group LLC now owns 24,924 shares of the company’s stock valued at $798,000 after buying an additional 18,171 shares in the last quarter. Institutional investors own 85.54% of the company’s stock.

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.