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

Dutch Bros Inc. (NYSE:BROS) 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. Based on an average daily volume of 2,820,000 shares, the days-to-cover ratio is currently 2.5 days. Currently, 6.5% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. William Blair reiterated an “outperform” rating on shares of Dutch Bros in a research report on Tuesday, December 17th. 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. UBS Group upped their price objective on shares of Dutch Bros from $67.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. upped their price objective on shares of Dutch Bros from $58.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Finally, Barclays raised shares of Dutch Bros from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $38.00 to $70.00 in a research note on Tuesday, January 7th. One research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $74.83.

Dutch Bros Trading Up 4.1 %

NYSE:BROS traded up $3.37 on Tuesday, reaching $85.34. The stock had a trading volume of 4,099,184 shares, compared to its average volume of 2,991,659. The company has a market cap of $13.16 billion, a price-to-earnings ratio of 294.30, a P/E/G ratio of 3.88 and a beta of 2.73. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.90 and a quick ratio of 1.68. The firm’s fifty day moving average is $59.46 and its two-hundred day moving average is $45.23. Dutch Bros has a 12-month low of $26.38 and a 12-month high of $86.88.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of BROS. Virtu Financial LLC purchased a new position in Dutch Bros in the third quarter valued at approximately $573,000. Baillie Gifford & Co. purchased a new position in Dutch Bros in the third quarter valued at approximately $224,461,000. Charles Schwab Investment Management Inc. raised its holdings in Dutch Bros by 35.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 687,527 shares of the company’s stock valued at $22,021,000 after buying an additional 181,636 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Dutch Bros by 38.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 212,834 shares of the company’s stock valued at $6,817,000 after buying an additional 58,623 shares during the period. Finally, Clear Creek Financial Management LLC purchased a new position in Dutch Bros in the fourth quarter valued at approximately $288,000. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

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.