Archived Investigations

Dutch Bros Inc. (NYSE: BROS)

Company Name:Dutch Bros Inc.
Stock Symbol:NYSE: BROS
Court:Southern District of New York
Class Period Start:03/01/2022
Class Period End (inclusive):05/11/2022
Filing Deadline:The deadline has passed.
March 3, 2023

Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until May 1, 2023 to file lead plaintiff applications in a securities class action lawsuit against  Dutch Bros Inc. (“Dutch” or the “Company”) (NYSE: BROS).

Dutch Bros and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws. 

On May 11, 2022, the Company disclosed dismal 1Q2022 financial results including a net loss of $16.3 million, compared to a net loss of $4.8 million for the first quarter of 2021 and an adjusted net loss of $2.5 million (a loss of $0.02 per share), which fell below analysts’ expectations, due to its failure to “perceive the speed and magnitude of cost escalation within the quarter,” among other things. 

On this news, shares of Dutch fell $9.26, or 26.9%, to close at $25.11 per share on May 12, 2022.

The case is Peacock v. Dutch Bros Inc., et al., No. 23-cv-01797.

Click here to read the first filed complaint.