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

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

Institutional Investors Weigh In On Dutch Bros

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

Dutch Bros Trading Up 4.1 %

Shares of BROS traded up $3.37 during trading on Tuesday, reaching $85.34. 4,099,184 shares of the company traded hands, compared to its average volume of 2,991,659. Dutch Bros has a twelve month low of $26.38 and a twelve month high of $86.88. The stock has a market cap of $13.16 billion, a PE ratio of 294.30, a price-to-earnings-growth ratio of 3.88 and a beta of 2.73. The stock has a 50-day simple moving average of $59.46 and a 200-day simple moving average of $45.23. The company has a quick ratio of 1.68, a current ratio of 1.90 and a debt-to-equity ratio of 0.79.

Wall Street Analyst Weigh In

Several analysts recently commented on BROS shares. Piper Sandler raised their price target on shares of Dutch Bros from $51.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Bank of America raised their price target on shares of Dutch Bros from $61.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, January 27th. TD Cowen raised their price target on shares of Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. raised their price target on shares of Dutch Bros from $58.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Finally, UBS Group raised their price target on shares of Dutch Bros from $67.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. 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 company. Based on data from MarketBeat.com, Dutch Bros currently has an average rating of “Buy” and an average price target of $74.83.

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.