An Analysis of Dutch Bros Inc. (BROS)’s Potential Price Growth


Dutch Bros Inc.’s recent filing unveils that its Chief Operating Officer Maxwell Brian unloaded Company’s shares for reported $0.24 million on Aug 30. In the deal valued at $40.00 per share,6,000 shares were sold. As a result of this transaction, Maxwell Brian now holds 1,153,620 shares worth roughly $ 38.51 million.

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Then, Maxwell Brian sold 12,000 shares, generating $537,759 in total proceeds. Upon selling the shares at $44.81, the Chief Operating Officer now owns 1,159,620 shares.

Before that, TSG7 A Management LLC sold 5,979,605 shares. Dutch Bros Inc. shares valued at $255,927,094 were divested by the 10% Owner at a price of $42.80 per share. As a result of the transaction, TSG7 A Management LLC now holds 0 shares, worth roughly $0.0.

JP Morgan upgraded its Dutch Bros Inc. [BROS] rating to an Overweight from a a Neutral in a research note published on Friday. PT values the company’s stock at a premium of 12.16 to its Friday closing price. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who decreased its forecast for the stock in mid July from “an Outperform” to “a Neutral”. JP Morgan also remained covering BROS and has decreased its forecast on June 08, 2022 with a “Neutral” recommendation from previously “an Overweight” rating. Stifel revised its rating on May 12, 2022. It rated BROS as “a Hold” which previously was an “a Buy”.

Price Performance Review of BROS

On Friday, Dutch Bros Inc. [NYSE:BROS] saw its stock fall -1.42% to $33.38. On the same session, the stock had its day’s lowest price of $32.55, but rose to a high of $34.88. Over the last five days, the stock has lost -8.35%. Dutch Bros Inc. shares have fallen nearly -34.43% since the year began. Nevertheless, the stocks have fallen -52.12% over the past one year. While a 52-week high of $72.59 was reached on 03/30/22, a 52-week low of $20.05 was recorded on 05/12/22. SMA at 50 days reached $34.33, while 200 days put it at $41.73. A total of 1.1 million shares were traded, compared to the trading of 0.62 million shares in the previous session.

Levels Of Support And Resistance For BROS Stock

The 24-hour chart illustrates a support level at 32.33, which if violated will result in even more drops to 31.27. On the upside, there is a resistance level at 34.66. A further resistance level may holdings at 35.93. The Relative Strength Index (RSI) on the 14-day chart is 46.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.03%. Stochastics %K at 27.02% indicates the stock is a holding.

How much short interest is there in Dutch Bros Inc.?

A steep rise in short interest was recorded in Dutch Bros Inc. stocks on Jul 14, 2022, dropping by -0.69 million shares to a total of 7.54 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 8.23 million shares. There was a decline of -9.15%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 22.19% of the overall stock float, the days-to-cover ratio (short ratio) fell to 8.32.

Dutch Bros Inc. [BROS] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 2,764,874 shares, or roughly 6.99% of the outstanding BROS shares. In other words, the investor’s shares have risen by 995,029 from its previous 13-F filing of 1769845.0. Additionally, Fidelity Management & Research Co decreased -63.38% of its stake after which the total value it holdings stand at $54,792,694, while Franklin Advisers, Inc. reduced -0.05% of its stake to hold $46.56 million in the firm. Over the last quarter, AllianceBernstein LP sold -135,234 shares of Dutch Bros Inc., while T. Rowe Price Associates, Inc. sold 49,097 shares. At present, American Century Investment Manag is holding 528,565 shares valued at $16.46 million. ClearBridge Investments LLC owned 516,394 shares of the company at the time of its most recent 13F filing, worth $16.09 million.

The most recent change occurred on April 13, 2022 when Gordon Haskett began covering the stock and recommended ‘”a Buy”‘ rating along with a $64 price target.


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