NEW YORK, March 3, 2023 (GLOBE NEWSWIRE) — The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of the acquirers of Dutch Bros. Inc. (“Dutch Bros” or the “Company”) BROS Securities during the period from 1 March 2022 to 11 May 2022 (the “Collection Period”). Investors have until May 1, 2023 to apply to the court to be appointed as lead plaintiff in the lawsuit.

Dutch Bros operates and franchises drive-thru stores focused on serving handcrafted beverages.

On May 11, 2022, the Company issued a press release announcing its financial results for the first quarter of 2022. In it, the company reported a net loss of $16.3 million, compared to a net loss of $4.8 million for the first quarter of 2021. The company also reported an adjusted net loss of $2.5 million (a loss of $0. $0.02 per share), which was below estimated earnings of $0.01 per share. As a result of this news, Dutch Bros stock fell $9.26 per share, or approximately 26.94%, from $34.37 per share to a closing price of $25.11 on May 12, 2022.

The Complaint alleges that throughout the Class Period, the Defendants made materially false and/or misleading statements and/or failed to disclose the following: (1) the Company had increased costs and expenses, including for dairy products; and (2) as a result, the Company experienced increased margin pressure and decreased profitability in the first quarter of 2022.

If you have purchased or otherwise acquired Dutch Bros securities, have any information or would like to learn more about this lawsuit and how it may affect your rights, please contact Thomas W Elrod from Kirby McInerney LLP by email at investigations@kmllp.comor by filling this out Contact formto discuss your rights or interests in relation to these matters at no cost to you.

Kirby McInerney LLP is a New York-based plaintiff law firm specializing in securities, antitrust, whistleblower,…