Dutch Bros Inc. (NYSE: BROS)
37 Days left to seek lead plaintiff status.
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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.
If you purchased securities of Dutch and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (firstname.lastname@example.org), or fill out the form on this page.
The case is Peacock v. Dutch Bros Inc., et al., No. 23-cv-01797.