New York, New York--(Newsfile Corp. - April 30, 2023) - Pomerantz LLP is investigating claims on behalf of investors of Dutch Bros Inc.("Dutch" or the "Company") (NYSE: BROS). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether Dutch Bros and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On February 23, 2023, Hedgeye published a note adding Dutch Bros as a "new short idea," stating that "[t]he relentless focus on excessive unity growth and not balancing that with profitability can create long-term issues for the company" and that "[w]e don't see the company generating enough [operating cash flow] to cover capital spending until FY2026 (and that might be a generous assumption)."
On this news, Dutch Bros' stock price fell $3.97 per share, or 10.45%, to close at $34.02 per share on February 23, 2023.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/164290
