Shares of coffee chain Dutch Bros (NYSE: BROS) stock declined almost 16% in June according to data provided by S&P Global Market Intelligence. There was no company-specific news in June, but the stock was volatile as inflation remained the hottest topic on investors' minds. Restaurant and retail sales are highly correlated with supply costs and inflation, and investors may be concerned about the company's ability to meet its sales and earnings forecasts in the coming quarters.
Dutch Bros (BROS) closed the most recent trading day at $32.26, moving +1.93% from the previous trading session.
Shares of Dutch Bros (NYSE: BROS) were tasting like a day-old cup of coffee in morning trading, with the stock falling 7.2% at 11:25 a.m. ET Thursday, though there was no company-specific news to drive the movement. The drive-thru coffee shop's stock fell sharply after the company released its earnings report in May over concern about inflation's impact on its business. Over a quarter of the coffee slinger's shares outstanding are sold short as of the latest report in June, and meme-stock traders are known to favor such situations in hopes of triggering a short squeeze by piling into the stock.