Press release
Investigation announced for Investors in Dutch Bros Inc. (NYSE: BROS) over possible Wrongdoing
An investigation on behalf of investors in Dutch Bros Inc. (NYSE: BROS) shares over potential wrongdoing at Dutch Bros Inc.
Investors who purchased shares of Dutch Bros Inc. (NYSE: BROS) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Dutch Bros Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
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.
Contact:
Christopher Clausen
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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