Symbols / BROS
BROS Chart
About
Dutch Bros Inc., together with its subsidiaries, operates and franchises drive-thru shops in the United States. The company sells and distributes coffee, coffee-related products, and accessories. It operates through Company-Operated Shops and Franchising and Other segments. The company sells its products under various brands such as Dutch Bros, Dutch Bros Coffee, Dutch Bros Rebel, Dutch Bros, and Blue Rebel. Dutch Bros Inc. was founded in 1992 and is based in Tempe, Arizona.
Fundamentals
Scroll to Statements| Sector | Consumer Cyclical | Industry | Restaurants | Market Cap | 8.19B |
| Enterprise Value | 7.29B | Income | 79.84M | Sales | 1.64B |
| Book/sh | 5.36 | Cash/sh | 2.12 | Dividend Yield | — |
| Payout | 0.00% | Employees | 23000 | IPO | — |
| P/E | 77.73 | Forward P/E | 41.82 | PEG | — |
| P/S | 5.00 | P/B | 9.29 | P/C | — |
| EV/EBITDA | 25.61 | EV/Sales | 4.45 | Quick Ratio | 1.20 |
| Current Ratio | 1.49 | Debt/Eq | 121.29 | LT Debt/Eq | — |
| EPS (ttm) | 0.64 | EPS next Y | 1.19 | EPS Growth | 4.33% |
| Revenue Growth | 29.40% | Earnings | 2026-05-06 | ROA | 3.84% |
| ROE | 14.12% | ROIC | — | Gross Margin | 25.88% |
| Oper. Margin | 8.24% | Profit Margin | 4.87% | Shs Outstand | 127.05M |
| Shs Float | 126.30M | Short Float | 11.39% | Short Ratio | 3.04 |
| Short Interest | — | 52W High | 80.62 | 52W Low | 47.16 |
| Beta | 2.55 | Avg Volume | 4.53M | Volume | 787.93K |
| Target Price | $77.10 | Recom | Strong_buy | Prev Close | $49.19 |
| Price | $49.75 | Change | 1.14% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
$77.10
Mean price target
2. Current target
$49.75
Latest analyst target
3. DCF / Fair value
$-0.29
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$49.75
Low
$63.00
High
$95.00
Mean
$77.10
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 2026-02-13 | main | Citigroup | Buy → Buy | $81 |
| 2026-02-13 | reit | TD Cowen | Buy → Buy | $73 |
| 2026-01-26 | init | Citigroup | — → Buy | $82 |
| 2026-01-20 | main | Morgan Stanley | Overweight → Overweight | $82 |
| 2026-01-07 | main | Barclays | Overweight → Overweight | $76 |
| 2025-12-17 | init | Keybanc | — → Overweight | $77 |
| 2025-12-04 | main | Mizuho | Outperform → Outperform | $80 |
| 2025-12-03 | main | RBC Capital | Outperform → Outperform | $80 |
| 2025-12-01 | reit | TD Cowen | Buy → Buy | $70 |
| 2025-11-06 | main | Piper Sandler | Neutral → Neutral | $63 |
| 2025-11-06 | main | RBC Capital | Outperform → Outperform | $75 |
| 2025-11-06 | main | Barclays | Overweight → Overweight | $72 |
| 2025-10-31 | main | Stifel | Buy → Buy | $75 |
| 2025-10-28 | init | Mizuho | — → Outperform | $70 |
| 2025-10-22 | main | Morgan Stanley | Overweight → Overweight | $86 |
| 2025-10-22 | main | Barclays | Overweight → Overweight | $65 |
| 2025-10-16 | main | Wells Fargo | Overweight → Overweight | $70 |
| 2025-09-30 | main | Goldman Sachs | Neutral → Neutral | $72 |
| 2025-09-24 | reit | RBC Capital | Outperform → Outperform | $85 |
| 2025-08-28 | main | UBS | Buy → Buy | $85 |
- Paramount has raised its takeover offer to $31 per share, Warner Bros. says - PBS ue, 24 Feb 2026 23
- WBD Stock Quote Price and Forecast - CNN Sun, 22 Feb 2026 08
- Best Stock to Buy and Hold Forever: Dutch Bros vs. Starbucks - The Motley Fool Fri, 20 Feb 2026 12
- Warner Bros. Stock Holds Support As Paramount Preps New Offer - Investor's Business Daily Mon, 23 Feb 2026 17
- Warner Bros. Says Paramount’s New $31-a-Share Offer May Top Netflix - Bloomberg.com Wed, 25 Feb 2026 02
- Paramount Raises Its Bid for Warner Bros. Discovery - The New York Times ue, 24 Feb 2026 21
- Dutch Bros (BROS) to Release Quarterly Earnings on Thursday - MarketBeat hu, 05 Feb 2026 08
- Dutch Bros Stock Hits 52-Week Low at USD 46.73 Amid Market Turmoil - Markets Mojo ue, 24 Feb 2026 14
- $31-a-share tug of war: Paramount tries to pull Warner Bros. from Netflix deal - Stock Titan Wed, 25 Feb 2026 03
- Paramount submits higher offer for Warner Bros Discovery in bid to block Netflix, source says (February 23) - Yahoo Finance Mon, 23 Feb 2026 21
- Warner Bros. Board Warms to Paramount’s Sweetened Bid, New Details Are Revealed - The Hollywood Reporter ue, 24 Feb 2026 22
- Paramount reportedly submits new bid for Warner Bros. - Variety (update) (PSKY:NASDAQ) - Seeking Alpha Mon, 23 Feb 2026 22
- Netflix Stock Rises After Warner Bros Gets Fresh Offer From Paramount - Benzinga ue, 24 Feb 2026 22
- 5 Reasons to Buy Dutch Bros Stock Like There's No Tomorrow - The Motley Fool Wed, 18 Feb 2026 15
- Paramount escalates Warner Bros. Discovery fight with new $31-per-share bid - CNN ue, 24 Feb 2026 21
Insider Transactions
| Date | Shares | Value | Url | Text | Insider | Position | Transaction | Start Date | Ownership |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 965214 | 52864591.0 | — | Sale at price 52.95 - 57.42 per share. | DM INDIVIDUAL AGGREGATOR, LLC | Beneficial Owner of more than 10% of a Class of Security | — | 2025-11-25 00:00:00 | D |
| 1 | 1534786 | 84059951.0 | — | Sale at price 52.95 - 57.42 per share. | DM TRUST AGGREGATOR, LLC | Beneficial Owner of more than 10% of a Class of Security | — | 2025-11-25 00:00:00 | D |
| 2 | 2500000 | 136924542.0 | — | Sale at price 52.95 - 57.42 per share. | BOERSMA TRAVIS | Officer, Director and Beneficial Owner | — | 2025-11-25 00:00:00 | I |
| 3 | 445 | nan | — | — | HART GERARD JOHAN | Director | — | 2025-11-20 00:00:00 | D |
| 4 | 445 | nan | — | — | GILLETT STEPHEN | Director | — | 2025-11-20 00:00:00 | D |
| 5 | 445 | nan | — | — | CONE C DAVID | Director | — | 2025-11-20 00:00:00 | D |
| 6 | 445 | nan | — | — | PENEGOR TODD ALLAN | Director | — | 2025-11-20 00:00:00 | D |
| 7 | 445 | nan | — | — | MARCHISOTTO KORY | Director | — | 2025-11-20 00:00:00 | D |
| 8 | 445 | nan | — | — | GEORGE KATHRYN | Director | — | 2025-11-20 00:00:00 | D |
| 9 | 445 | nan | — | — | DAVIS THOMAS JAMES | Director | — | 2025-11-20 00:00:00 | D |
Financials
| Line Item | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | 0.00 | 0.00 | 0.00 | 0.00 |
| TaxRateForCalcs | 0.14 | 0.22 | 0.21 | 0.21 |
| NormalizedEBITDA | 279.06M | 204.91M | 118.38M | 46.09M |
| NetIncomeFromContinuingOperationNetMinorityInterest | 79.84M | 35.26M | 1.72M | -4.75M |
| ReconciledDepreciation | 115.13M | 93.00M | 69.14M | 44.73M |
| ReconciledCostOfRevenue | 1.10B | 849.16M | 646.99M | 558.10M |
| EBITDA | 279.06M | 204.91M | 118.38M | 46.09M |
| EBIT | 163.93M | 111.91M | 49.24M | 1.36M |
| NetInterestIncome | -28.30M | -27.02M | -32.32M | -18.02M |
| InterestExpense | 28.30M | 27.02M | 32.32M | 18.02M |
| NormalizedIncome | 79.84M | 35.26M | 1.72M | -4.75M |
| NetIncomeFromContinuingAndDiscontinuedOperation | 79.84M | 35.26M | 1.72M | -4.75M |
| TotalExpenses | 1.48B | 1.17B | 919.55M | 741.62M |
| RentExpenseSupplemental | 53.32M | 37.22M | 24.66M | |
| TotalOperatingIncomeAsReported | 161.18M | 106.09M | 46.22M | -2.61M |
| DilutedAverageShares | 125.76M | 104.13M | 62.07M | 51.87M |
| BasicAverageShares | 125.33M | 103.50M | 62.07M | 51.87M |
| DilutedEPS | 0.64 | 0.34 | 0.03 | -0.09 |
| BasicEPS | 0.64 | 0.34 | 0.03 | -0.09 |
| DilutedNIAvailtoComStockholders | 79.93M | 35.37M | 1.72M | -4.75M |
| AverageDilutionEarnings | 92.00K | 110.00K | 0.00 | 0.00 |
| NetIncomeCommonStockholders | 79.84M | 35.26M | 1.72M | -4.75M |
| OtherunderPreferredStockDividend | -68.60M | |||
| NetIncome | 79.84M | 35.26M | 1.72M | -4.75M |
| MinorityInterests | -37.43M | -31.19M | -8.23M | 14.50M |
| NetIncomeIncludingNoncontrollingInterests | 117.28M | 66.45M | 9.95M | -19.25M |
| NetIncomeContinuousOperations | 117.28M | 66.45M | 9.95M | -19.25M |
| TaxProvision | 18.35M | 18.43M | 6.97M | 2.60M |
| PretaxIncome | 135.62M | 84.89M | 16.92M | -16.65M |
| OtherIncomeExpense | 2.75M | 5.81M | 3.02M | 3.98M |
| OtherNonOperatingIncomeExpenses | 2.75M | 5.81M | 3.02M | 3.98M |
| NetNonOperatingInterestIncomeExpense | -28.30M | -27.02M | -32.32M | -18.02M |
| InterestExpenseNonOperating | 28.30M | 27.02M | 32.32M | 18.02M |
| OperatingIncome | 161.18M | 106.09M | 46.22M | -2.61M |
| OperatingExpense | 262.77M | 234.04M | 205.07M | 183.53M |
| DepreciationAmortizationDepletionIncomeStatement | 3.38M | 1.28M | 1.65M | |
| DepreciationAndAmortizationInIncomeStatement | 3.38M | 1.28M | 1.65M | |
| DepreciationIncomeStatement | 3.38M | 1.28M | 1.65M | |
| SellingGeneralAndAdministration | 259.39M | 232.76M | 203.43M | 183.53M |
| GeneralAndAdministrativeExpense | 259.39M | 232.76M | 203.43M | |
| OtherGandA | 256.55M | 231.11M | 203.37M | |
| RentAndLandingFees | 2.83M | 1.65M | 55.00K | |
| GrossProfit | 423.95M | 340.13M | 251.30M | 180.92M |
| CostOfRevenue | 1.21B | 940.89M | 714.48M | 558.10M |
| TotalRevenue | 1.64B | 1.28B | 965.78M | 739.01M |
| OperatingRevenue | 1.63B | 1.28B | 959.85M | 739.01M |
| Line Item | 2023-12-31 | |||
|---|---|---|---|---|
| TreasurySharesNumber | 0.00 | |||
| OrdinarySharesNumber | 127.05M | 115.43M | 80.63M | 57.95M |
| ShareIssued | 127.05M | 115.43M | 80.63M | 57.95M |
| NetDebt | 189.59M | 49.20M | ||
| TotalDebt | 1.09B | 942.91M | 676.58M | 625.42M |
| TangibleBookValue | 679.31M | 534.42M | 337.30M | 98.69M |
| InvestedCapital | 880.99M | 774.43M | 462.01M | 338.89M |
| WorkingCapital | 116.88M | 154.87M | 67.14M | -130.36M |
| NetTangibleAssets | 679.31M | 534.42M | 337.30M | 98.69M |
| CapitalLeaseObligations | 888.85M | 705.84M | 578.91M | 415.65M |
| CommonStockEquity | 680.82M | 537.37M | 364.35M | 129.12M |
| TotalCapitalization | 877.11M | 757.12M | 457.52M | 225.41M |
| TotalEquityGrossMinorityInterest | 897.87M | 763.87M | 675.92M | 251.98M |
| MinorityInterest | 217.05M | 226.50M | 311.58M | 122.86M |
| StockholdersEquity | 680.82M | 537.37M | 364.35M | 129.12M |
| GainsLossesNotAffectingRetainedEarnings | 48.00K | 628.00K | 544.00K | 813.00K |
| OtherEquityAdjustments | 48.00K | 628.00K | 544.00K | 813.00K |
| RetainedEarnings | 99.51M | 19.67M | -15.59M | -17.31M |
| AdditionalPaidInCapital | 581.26M | 517.07M | 379.39M | 145.61M |
| CapitalStock | 1.00K | 1.00K | 2.00K | 2.00K |
| CommonStock | 1.00K | 1.00K | 2.00K | 2.00K |
| PreferredStock | 0.00 | 0.00 | 0.00 | 0.00 |
| TotalLiabilitiesNetMinorityInterest | 2.11B | 1.74B | 1.09B | 934.38M |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 1.87B | 1.53B | 949.97M | 721.71M |
| OtherNonCurrentLiabilities | 813.35M | 627.77M | 290.93M | 220.93M |
| NonCurrentDeferredLiabilities | 8.92M | 8.02M | 6.68M | 6.12M |
| NonCurrentDeferredRevenue | 8.92M | 8.02M | 6.68M | 6.12M |
| LongTermDebtAndCapitalLeaseObligation | 1.05B | 898.36M | 652.37M | 494.65M |
| LongTermCapitalLeaseObligation | 852.38M | 678.61M | 559.19M | 398.36M |
| LongTermDebt | 196.29M | 219.75M | 93.17M | 96.30M |
| CurrentLiabilities | 240.50M | 203.07M | 138.12M | 212.68M |
| OtherCurrentLiabilities | 106.87M | 83.43M | 6.42M | 5.94M |
| CurrentDeferredLiabilities | 55.66M | 42.87M | 30.35M | 25.34M |
| CurrentDeferredRevenue | 55.66M | 42.87M | 30.35M | 25.34M |
| CurrentDebtAndCapitalLeaseObligation | 40.35M | 44.55M | 24.21M | 130.76M |
| CurrentCapitalLeaseObligation | 36.47M | 27.23M | 19.72M | 17.29M |
| CurrentDebt | 3.88M | 17.31M | 4.49M | 113.47M |
| OtherCurrentBorrowings | 3.88M | 17.31M | 4.49M | 2.61M |
| LineOfCredit | 0.00 | 110.86M | 64.10M | |
| PensionandOtherPostRetirementBenefitPlansCurrent | 49.78M | 31.41M | 19.71M | |
| PayablesAndAccruedExpenses | 37.62M | 32.23M | 45.73M | 30.94M |
| CurrentAccruedExpenses | 26.52M | 15.77M | 9.67M | 20.97M |
| Payables | 37.62M | 32.23M | 29.96M | 21.27M |
| AccountsPayable | 37.62M | 32.23M | 29.96M | 21.27M |
| TotalAssets | 3.01B | 2.50B | 1.76B | 1.19B |
| TotalNonCurrentAssets | 2.65B | 2.15B | 1.56B | 1.10B |
| OtherNonCurrentAssets | 25.52M | 27.17M | 3.87M | 2.13M |
| NonCurrentDeferredAssets | 946.57M | 742.13M | 403.00M | 288.76M |
| NonCurrentDeferredTaxesAssets | 946.57M | 742.13M | 403.00M | 288.76M |
| GoodwillAndOtherIntangibleAssets | 1.51M | 2.95M | 27.04M | 30.43M |
| OtherIntangibleAssets | 1.51M | 2.95M | 5.42M | 8.80M |
| Goodwill | 21.63M | 21.63M | 21.63M | 18.71M |
| NetPPE | 1.68B | 1.37B | 1.12B | 782.71M |
| AccumulatedDepreciation | -261.81M | -176.57M | -116.34M | -72.50M |
| GrossPPE | 1.94B | 1.55B | 1.24B | 855.21M |
| Leases | 68.02M | 54.53M | 42.44M | 29.98M |
| ConstructionInProgress | 75.22M | 71.95M | 166.05M | 131.24M |
| OtherProperties | 855.34M | 689.88M | 582.41M | 417.25M |
| MachineryFurnitureEquipment | 319.75M | 239.97M | 173.76M | 110.53M |
| BuildingsAndImprovements | 616.30M | 487.06M | 269.19M | 158.25M |
| LandAndImprovements | 7.02M | 7.02M | 7.34M | 7.96M |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 |
| CurrentAssets | 357.38M | 357.94M | 205.26M | 82.32M |
| OtherCurrentAssets | 20.67M | 17.50M | 15.64M | 10.95M |
| PrepaidAssets | 8.80M | |||
| Inventory | 48.92M | 36.49M | 46.95M | 39.23M |
| FinishedGoods | 23.40M | 21.89M | 18.43M | 17.89M |
| RawMaterials | 25.52M | 14.59M | 28.52M | 21.34M |
| Receivables | 18.39M | 10.60M | 9.12M | 11.97M |
| AccountsReceivable | 18.39M | 10.60M | 9.12M | 11.97M |
| CashCashEquivalentsAndShortTermInvestments | 269.40M | 293.35M | 133.54M | 20.18M |
| CashAndCashEquivalents | 269.40M | 293.35M | 133.54M | 20.18M |
| Line Item | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| FreeCashFlow | 54.41M | 24.69M | -88.54M | -128.00M |
| RepurchaseOfCapitalStock | 0.00 | 0.00 | -287.66M | |
| RepaymentOfDebt | -302.79M | -24.04M | -217.75M | -17.82M |
| IssuanceOfDebt | 250.00M | 152.45M | 91.65M | 159.08M |
| IssuanceOfCapitalStock | 0.00 | 0.00 | 331.20M | 0.00 |
| CapitalExpenditure | -241.13M | -221.74M | -228.46M | -187.88M |
| InterestPaidSupplementalData | 38.97M | 39.10M | 34.97M | 17.61M |
| IncomeTaxPaidSupplementalData | 996.00K | 2.25M | 1.73M | 1.32M |
| EndCashPosition | 269.40M | 293.35M | 133.54M | 20.18M |
| BeginningCashPosition | 293.35M | 133.54M | 20.18M | 18.51M |
| ChangesInCash | -23.95M | 159.81M | 113.37M | 1.67M |
| FinancingCashFlow | -78.43M | 125.45M | 200.73M | 134.36M |
| CashFlowFromContinuingFinancingActivities | -78.43M | 125.45M | 200.73M | 134.36M |
| NetOtherFinancingCharges | -25.64M | -2.96M | -4.37M | -6.90M |
| CashDividendsPaid | 0.00 | 0.00 | -213.31M | |
| NetCommonStockIssuance | 0.00 | 0.00 | 331.20M | 0.00 |
| CommonStockPayments | 0.00 | 0.00 | -287.66M | |
| CommonStockIssuance | 0.00 | 0.00 | 331.20M | 0.00 |
| NetIssuancePaymentsOfDebt | -52.79M | 128.41M | -126.10M | 141.26M |
| NetShortTermDebtIssuance | 0.00 | 0.00 | -112.70M | 147.71M |
| ShortTermDebtPayments | 0.00 | -2.45M | -202.71M | -10.00M |
| ShortTermDebtIssuance | 0.00 | 2.45M | 90.00M | 157.71M |
| NetLongTermDebtIssuance | -52.79M | 128.41M | -13.40M | 141.26M |
| LongTermDebtPayments | -302.79M | -21.59M | -15.04M | -17.82M |
| LongTermDebtIssuance | 250.00M | 150.00M | 1.65M | 159.08M |
| InvestingCashFlow | -241.07M | -212.07M | -227.28M | -192.57M |
| CashFlowFromContinuingInvestingActivities | -241.07M | -212.07M | -227.28M | -192.57M |
| NetBusinessPurchaseAndSale | 0.00 | 0.00 | -6.05M | -5.39M |
| PurchaseOfBusiness | 0.00 | 0.00 | -6.05M | -5.39M |
| NetPPEPurchaseAndSale | -241.07M | -212.07M | -227.28M | -186.52M |
| SaleOfPPE | 66.00K | 9.67M | 1.18M | 1.36M |
| PurchaseOfPPE | -241.13M | -221.74M | -228.46M | -187.88M |
| OperatingCashFlow | 295.55M | 246.43M | 139.91M | 59.88M |
| CashFlowFromContinuingOperatingActivities | 295.55M | 246.43M | 139.91M | 59.88M |
| ChangeInWorkingCapital | 9.67M | 46.91M | 6.02M | -15.13M |
| ChangeInOtherWorkingCapital | 13.69M | 13.86M | 5.57M | 3.37M |
| ChangeInOtherCurrentLiabilities | 18.10M | 22.07M | 6.78M | -9.39M |
| ChangeInOtherCurrentAssets | -1.96M | 611.00K | -578.00K | 1.15M |
| ChangeInPayablesAndAccruedExpense | 3.71M | 3.66M | 3.90M | 7.58M |
| ChangeInAccruedExpense | 28.97M | 15.44M | 5.98M | 8.09M |
| ChangeInPayable | 3.71M | 3.66M | 3.90M | 1.61M |
| ChangeInAccountPayable | 3.71M | 3.66M | 3.90M | 1.61M |
| ChangeInPrepaidAssets | -3.66M | -2.28M | -4.78M | -695.00K |
| ChangeInInventory | -12.43M | 10.46M | -7.72M | -15.82M |
| ChangeInReceivables | -7.79M | -1.47M | 2.84M | -1.32M |
| ChangesInAccountReceivables | -7.79M | -1.47M | 2.84M | -1.32M |
| OtherNonCashItems | 16.72M | 14.44M | 9.66M | 7.14M |
| StockBasedCompensation | 18.02M | 11.48M | 39.22M | 41.66M |
| DeferredTax | 17.62M | 15.42M | 5.95M | 1.08M |
| DeferredIncomeTax | 17.62M | 15.42M | 5.95M | 1.08M |
| DepreciationAmortizationDepletion | 115.13M | 93.00M | 69.14M | 44.73M |
| DepreciationAndAmortization | 115.13M | 93.00M | 69.14M | 44.73M |
| OperatingGainsLosses | 1.11M | -1.28M | -23.00K | -340.00K |
| NetIncomeFromContinuingOperations | 117.28M | 66.45M | 9.95M | -19.25M |
SEC Filings
Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.
Public Trades for BROS
| Date | User | Asset | Broker | Type | Position Size | Entry Price | Patterns |
|---|