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 mail@shareholdersfoundation.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.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, 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, investigation, and/or settlements are not filed/reached and/or 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.