An investigation for investors in Dutch Bros Inc. (NYSE:BROS) shares over potential securities laws violations by Dutch Bros Inc. was announced.
San Diego, CA -- (SBWIRE) -- 05/23/2022 -- Dutch Bros Inc is under investigation over potential securities laws in connection with certain financial statements.
Investors who purchased shares of Dutch Bros Inc. (NYSE: BROS), have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Dutch Bros Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Grants Pass, OR based Dutch Bros Inc. operates and franchises drive-thru shops. Dutch Bros Inc. reported that its annual Total Revenue rose from $327.41 million in 2020 to $497.87 million in 2021, and that its Net Income of $5.72 million in 2020 turned into a Net Loss of $81.51 million in 2021.
On May 11, 2022, Dutch Bros. reported a loss of $16.3 million, or 10 cents a share, in the first quarter, compared with a loss of $4.8 million in the same period of 2021. Analysts polled by FactSet on average projected adjusted earnings of a penny a share. Following this news, the stock fell 36% in early morning trading on May 12, 2022.
Shares of Dutch Bros Inc. (NYSE: BROS) declined from $66.00 per share on March 30, 2022, to as low as $24.73 per share on May 17, 2022.
Those who purchased shares of Dutch Bros Inc. (NYSE: BROS) have certain options and should contact the Shareholders Foundation.
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