Dutch Bros Inc’s recent filing unveils that its 10% Owner DM INDIVIDUAL AGGREGATOR, LLC acquired Company’s shares for reported $3.84 million on Nov 01 ’24. In the deal valued at $33.12 per share,115,854 shares were bought.
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Then, DM TRUST AGGREGATOR, LLC bought 169,608 shares, generating $5,617,417 in total proceeds.
Before that, DM Individual Aggregator, LLC sold 40,323 shares. Dutch Bros Inc shares valued at $1,452,789 were divested by the 10% Owner at a price of $36.03 per share. As a result of the transaction, DM Individual Aggregator, LLC now holds 125,671 shares, worth roughly $4.2 million.
Piper Sandler downgraded its Dutch Bros Inc [BROS] rating to a Neutral from a an Overweight in a research note published on August 19, 2024; the price target was decreased to $36 from $41. A number of analysts have revised their coverage, including UBS’s analysts, who increased its forecast for the stock in mid August from “a Neutral” to “a Buy”. Guggenheim also remained covering BROS and has increased its forecast on August 08, 2024 with a “Buy” recommendation from previously “Neutral” rating. TD Cowen maintained its rating on August 08, 2024. It rated BROS as “a Buy”.
Price Performance Review of BROS
On Friday, Dutch Bros Inc [NYSE:BROS] saw its stock jump 0.85% to $33.40. Over the last five days, the stock has lost -5.99%. Dutch Bros Inc shares have risen nearly 5.46% since the year began. Nevertheless, the stocks have risen 39.46% over the past one year. While a 52-week high of $43.49 was reached on 07/09/24, a 52-week low of $23.31 was recorded on 02/07/24. SMA at 50 days reached $33.11, while 200 days put it at $33.37.
Levels Of Support And Resistance For BROS Stock
The 24-hour chart illustrates a support level at 32.95, which if violated will result in even more drops to 32.50. On the upside, there is a resistance level at 33.82. A further resistance level may holdings at 34.23. The Relative Strength Index (RSI) on the 14-day chart is 46.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.42%. Stochastics %K at 25.98% 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 2024-10-15, growing by 1.45 million shares to a total of 12.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 11.09 million shares. There was a rise of 11.54%, which implies that there is a positive sentiment for the stock.
