Press release
Lawsuit filed for Investors who lost money with shares of Dutch Bros Inc. (NYSE: BROS)
A lawsuit was filed on behalf of investors in Dutch Bros Inc. (NYSE: BROS) shares over alleged securities laws violations.
Investors who purchased shares of Dutch Bros Inc. (NYSE: BROS) have certain options and for certain investors are short and strict deadlines running. Deadline: May 1, 2023. NYSE: BROS investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
Grants Pass, OR based Dutch Bros Inc. operates and franchises drive-thru shops. 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.
The plaintiff claims that between March 1, 2022 and May 11, 2022, the Defendants failed to disclose to investors that the Company was experiencing increased costs and expenses, including on dairy, that, as a result, the Company was experiencing increased margin pressure and decreased profitability in the first quarter of 2022, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Those who purchased shares of Dutch Bros Inc. (NYSE: BROS) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
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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