Dupont Capital Management Corp purchased a new position in shares of Sizzle Acquisition Corp (NASDAQ:SZZLU – Get Rating) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 25,000 shares of the company’s stock, valued at approximately $257,000. Separately, Deltec Asset […]
Ted's Bulletin plans new Northeast D.C. restaurant in NoMa mixed-use project bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
Sizzle Acquisition Corp (NASDAQ:SZZLU – Get Rating) saw a significant increase in short interest in March. As of March 15th, there was short interest totalling 600 shares, an increase of 500.0% from the February 28th total of 100 shares. Based on an average daily volume of 4,300 shares, the days-to-cover ratio is currently 0.1 days. […]
In 2020, the company opened 70 units.
Dutch Bros Coffee is reportedly weighing an IPO for later in 2021, according to Bloomberg.
The Oregon-based chain, which has more than 450 units, is seeking to be valued at around $3 billion, sources told the media outlet. The company has talked to advisors, but no final decision has been made on the matter.
Dutch Bros prides itself as being the largest privately owned coffee chain in the U.S. In October 2018, the chain announced that private equity firm TSG Consumer Partners had acquired a minority stake. Financial terms of the deal weren’t disclosed. At the time, Dutch Bros expected to leverage TSG’s expertise and resources to reach 800 stores in five years and attract talent, employ innovative technology, and use business intelligence and data to advance operations.