Symbols / BROS Stock $55.92 -1.20% Dutch Bros Inc.

Consumer Cyclical • Restaurants • United States • NYQ
BROS (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Consumer Cyclical
Industry Restaurants
CEO Ms. Christine Barone
Exch · Country NYQ · United States
Market Cap 9.77B
Enterprise Value 8.79B
Income 80.59M
Sales 1.75B
FCF (ttm) 39.70M
Book/sh 5.47
Cash/sh 1.93
Employees 24,000
Insider 10d —
IPO Sep 15, 2021
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E 87.38
Forward P/E 44.82
PEG 2.22
P/S 5.59
P/B 10.22
P/C —
EV/EBITDA 29.31
EV/Sales 5.03
Quick Ratio 1.11
Current Ratio 1.33
Debt/Eq 126.06
LT Debt/Eq —
EPS (ttm) 0.64
EPS next Y 1.25
EPS Growth -0.10%
Revenue Growth 30.80%
EPS Gr Q/Q 4.80%
Rev Gr Q/Q —
Earnings (next) 2026-08-05
Earnings (prior) 2026-05-06
ROA 3.68%
ROE 13.80%
ROIC —
Gross Margin 25.26%
Oper. Margin 7.73%
Profit Margin 4.61%
Shs Outstand 137.19M
Shs Float 133.39M
Insider Own 6.32%
Instit Own 98.55%
Short Float 44.41%
Short Ratio 3.78
Short Interest 17.99M
52W High 77.88
vs 52W High -28.20%
52W Low 44.58
vs 52W Low 25.44%
Beta 2.37
Impl. Vol. 0.78%
Rel Volume 0.72
Avg Volume 4.09M
Volume 2.96M
Target (mean) $76.65
Tgt Median $75.00
Tgt Low $61.00
Tgt High $95.00
# Analysts 23
Recom Strong_buy
Prev Close $56.60
Price $55.92
Change -1.20%
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.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$76.65
Mean price target
2. Current target
$55.92
Latest analyst target
3. DCF / Fair value
$5.21
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$55.92
Low
$61.00
High
$95.00
Mean
$76.65

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-06-01 main DA Davidson Buy → Buy $75
2026-05-21 main DA Davidson Buy → Buy $75
2026-05-20 reit TD Cowen Buy → Buy $73
2026-05-07 main Citigroup Buy → Buy $85
2026-05-07 main Barclays Overweight → Overweight $75
2026-05-07 main Keybanc Overweight → Overweight $79
2026-05-07 main Piper Sandler Neutral → Neutral $61
2026-04-27 main DA Davidson Buy → Buy $70
2026-04-08 init Telsey Advisory Group — → Outperform $66
2026-03-09 init Wolfe Research — → Outperform $77
2026-03-06 init DA Davidson — → Buy —
2026-03-02 up Goldman Sachs Neutral → Buy $75
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
News
RSS: Latest BROS news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-06-01 DM INDIVIDUAL AGGREGATOR, LLC Beneficial Owner of more than 10% of a Class of Security — 261,054 $58.26 $15,210,166
2026-06-01 DM TRUST AGGREGATOR, LLC Beneficial Owner of more than 10% of a Class of Security — 488,945 $58.26 $28,488,108
2026-06-01 BOERSMA TRAVIS Officer, Director and Beneficial Owner — 749,999 $58.26 $43,698,274
2026-05-28 DM INDIVIDUAL AGGREGATOR, LLC Beneficial Owner of more than 10% of a Class of Security — 261,054 $56.16 $14,670,063
2026-05-28 DM TRUST AGGREGATOR, LLC Beneficial Owner of more than 10% of a Class of Security — 488,945 $56.16 $27,476,515
2026-05-28 BOERSMA TRAVIS Officer, Director and Beneficial Owner — 749,999 $56.16 $42,146,578
2026-05-15 PENEGOR TODD ALLAN Director — 2,000 $51.18 $102,350
2026-05-13 GEORGE KATHRYN Director — 444 — —
2026-05-13 DAVIS THOMAS JAMES Director — 444 — —
2026-05-13 MILLER ANN M Director — 444 — —
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
1,638.16
+27.88%
1,281.02
+32.64%
965.78
+30.68%
739.01
Operating Revenue
1,631.38
+27.91%
1,275.44
+32.88%
959.85
+29.88%
739.01
Cost Of Revenue
1,214.21
+29.05%
940.89
+31.69%
714.48
+28.02%
558.10
Reconciled Cost Of Revenue
1,102.46
+29.83%
849.16
+31.25%
646.99
+15.93%
558.10
Gross Profit
423.95
+24.64%
340.13
+35.35%
251.30
+38.90%
180.92
Operating Expense
262.77
+12.28%
234.04
+14.12%
205.07
+11.74%
183.53
Selling General And Administration
259.39
+11.44%
232.76
+14.42%
203.43
+10.84%
183.53
General And Administrative Expense
259.39
+11.44%
232.76
+14.42%
203.43
—
Other Gand A
256.55
+11.01%
231.11
+13.64%
203.37
—
Total Expenses
1,476.98
+25.71%
1,174.92
+27.77%
919.55
+23.99%
741.62
Operating Income
161.18
+51.92%
106.09
+129.53%
46.22
+1869.60%
-2.61
Total Operating Income As Reported
161.18
+51.92%
106.09
+129.53%
46.22
+1869.60%
-2.61
EBITDA
279.06
+36.19%
204.91
+73.10%
118.38
+156.82%
46.09
Normalized EBITDA
279.06
+36.19%
204.91
+73.10%
118.38
+156.82%
46.09
Reconciled Depreciation
115.13
+23.79%
93.00
+34.53%
69.14
+54.57%
44.73
EBIT
163.93
+46.49%
111.91
+127.26%
49.24
+3509.97%
1.36
Net Income
79.84
+126.45%
35.26
+1952.27%
1.72
+136.15%
-4.75
Pretax Income
135.62
+59.77%
84.89
+401.71%
16.92
+201.59%
-16.65
Net Non Operating Interest Income Expense
-28.30
-4.76%
-27.02
+16.40%
-32.32
-79.38%
-18.02
Interest Expense Non Operating
28.30
+4.76%
27.02
-16.40%
32.32
+79.38%
18.02
Net Interest Income
-28.30
-4.76%
-27.02
+16.40%
-32.32
-79.38%
-18.02
Interest Expense
28.30
+4.76%
27.02
-16.40%
32.32
+79.38%
18.02
Other Income Expense
2.75
-52.72%
5.81
+92.58%
3.02
-24.09%
3.98
Other Non Operating Income Expenses
2.75
-52.72%
5.81
+92.58%
3.02
-24.09%
3.98
Tax Provision
18.35
-0.47%
18.43
+164.60%
6.97
+168.06%
2.60
Tax Rate For Calcs
0.00
-37.79%
0.00
+3.33%
0.00
+0.00%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
117.28
+76.49%
66.45
+567.70%
9.95
+151.69%
-19.25
Net Income From Continuing Operation Net Minority Interest
79.84
+126.45%
35.26
+1952.27%
1.72
+136.15%
-4.75
Net Income From Continuing And Discontinued Operation
79.84
+126.45%
35.26
+1952.27%
1.72
+136.15%
-4.75
Net Income Continuous Operations
117.28
+76.49%
66.45
+567.70%
9.95
+151.69%
-19.25
Minority Interests
-37.43
-20.01%
-31.19
-278.82%
-8.23
-156.79%
14.50
Normalized Income
79.84
+126.45%
35.26
+1952.27%
1.72
+136.15%
-4.75
Net Income Common Stockholders
79.84
+126.45%
35.26
+1952.27%
1.72
+136.15%
-4.75
Otherunder Preferred Stock Dividend
—
—
—
—
Diluted EPS
0.64
+88.24%
0.34
+1033.33%
0.03
+133.33%
-0.09
Basic EPS
0.64
+88.24%
0.34
+1033.33%
0.03
+133.33%
-0.09
Basic Average Shares
125.33
+21.09%
103.50
+66.74%
62.07
+19.67%
51.87
Diluted Average Shares
125.76
+20.78%
104.13
+67.75%
62.07
+19.67%
51.87
Diluted NI Availto Com Stockholders
79.93
+126.01%
35.37
+1958.67%
1.72
+136.15%
-4.75
Average Dilution Earnings
0.09
-16.36%
0.11
0.00
0.00
Depreciation Amortization Depletion Income Statement
3.38
+164.19%
1.28
-22.44%
1.65
—
Depreciation And Amortization In Income Statement
3.38
+164.19%
1.28
-22.44%
1.65
—
Depreciation Income Statement
3.38
+164.19%
1.28
-22.44%
1.65
—
Rent And Landing Fees
2.83
+72.24%
1.65
+2892.73%
0.06
—
Rent Expense Supplemental
53.32
+43.23%
37.22
+50.97%
24.66
—
Line Item Trend 2023-12-31
Total Assets
1,764.01
Current Assets
205.26
Cash Cash Equivalents And Short Term Investments
133.54
Cash And Cash Equivalents
133.54
Receivables
9.12
Accounts Receivable
9.12
Inventory
46.95
Raw Materials
28.52
Finished Goods
18.43
Prepaid Assets
—
Other Current Assets
15.64
Total Non Current Assets
1,558.75
Net PPE
1,124.85
Gross PPE
1,241.18
Accumulated Depreciation
-116.34
Properties
0.00
Land And Improvements
7.34
Buildings And Improvements
269.19
Machinery Furniture Equipment
173.76
Construction In Progress
166.05
Other Properties
582.41
Leases
42.44
Goodwill And Other Intangible Assets
27.04
Goodwill
21.63
Other Intangible Assets
5.42
Non Current Deferred Assets
403.00
Non Current Deferred Taxes Assets
403.00
Other Non Current Assets
3.87
Total Liabilities Net Minority Interest
1,088.09
Current Liabilities
138.12
Payables And Accrued Expenses
45.73
Payables
29.96
Accounts Payable
29.96
Current Accrued Expenses
15.77
Pensionand Other Post Retirement Benefit Plans Current
31.41
Current Debt And Capital Lease Obligation
24.21
Current Debt
4.49
Other Current Borrowings
4.49
Current Capital Lease Obligation
19.72
Current Deferred Liabilities
30.35
Current Deferred Revenue
30.35
Other Current Liabilities
6.42
Total Non Current Liabilities Net Minority Interest
949.97
Long Term Debt And Capital Lease Obligation
652.37
Long Term Debt
93.17
Long Term Capital Lease Obligation
559.19
Non Current Deferred Liabilities
6.68
Non Current Deferred Revenue
6.68
Other Non Current Liabilities
290.93
Stockholders Equity
364.35
Common Stock Equity
364.35
Capital Stock
0.00
Common Stock
0.00
Preferred Stock
0.00
Share Issued
80.63
Ordinary Shares Number
80.63
Treasury Shares Number
0.00
Additional Paid In Capital
379.39
Retained Earnings
-15.59
Gains Losses Not Affecting Retained Earnings
0.54
Minority Interest
311.58
Other Equity Adjustments
0.54
Total Equity Gross Minority Interest
675.92
Total Capitalization
457.52
Working Capital
67.14
Invested Capital
462.01
Total Debt
676.58
Net Debt
—
Capital Lease Obligations
578.91
Net Tangible Assets
337.30
Tangible Book Value
337.30
Line Of Credit
0.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
295.55
+19.93%
246.43
+76.13%
139.91
+133.65%
59.88
Cash Flow From Continuing Operating Activities
295.55
+19.93%
246.43
+76.13%
139.91
+133.65%
59.88
Net Income From Continuing Operations
117.28
+76.49%
66.45
+567.70%
9.95
+151.69%
-19.25
Depreciation Amortization Depletion
115.13
+23.79%
93.00
+34.53%
69.14
+54.57%
44.73
Depreciation And Amortization
115.13
+23.79%
93.00
+34.53%
69.14
+54.57%
44.73
Other Non Cash Items
16.72
+15.79%
14.44
+49.47%
9.66
+35.25%
7.14
Stock Based Compensation
18.02
+56.96%
11.48
-70.73%
39.22
-5.85%
41.66
Deferred Tax
17.62
+14.24%
15.42
+159.35%
5.95
+451.58%
1.08
Deferred Income Tax
17.62
+14.24%
15.42
+159.35%
5.95
+451.58%
1.08
Operating Gains Losses
1.11
+186.84%
-1.28
-5452.17%
-0.02
+93.24%
-0.34
Change In Working Capital
9.67
-79.39%
46.91
+679.09%
6.02
+139.79%
-15.13
Change In Receivables
-7.79
-428.43%
-1.47
-151.86%
2.84
+314.98%
-1.32
Changes In Account Receivables
-7.79
-428.43%
-1.47
-151.86%
2.84
+314.98%
-1.32
Change In Inventory
-12.43
-218.77%
10.46
+235.49%
-7.72
+51.17%
-15.82
Change In Prepaid Assets
-3.66
-60.21%
-2.28
+52.21%
-4.78
-587.05%
-0.69
Change In Payables And Accrued Expense
3.71
+1.31%
3.66
-6.28%
3.90
-48.52%
7.58
Change In Accrued Expense
—
28.97
+87.69%
15.44
+158.32%
5.98
Change In Payable
3.71
+1.31%
3.66
-6.28%
3.90
+143.03%
1.61
Change In Account Payable
3.71
+1.31%
3.66
-6.28%
3.90
+143.03%
1.61
Change In Other Working Capital
13.69
-1.19%
13.86
+148.75%
5.57
+65.46%
3.37
Change In Other Current Assets
-1.96
-420.95%
0.61
+205.71%
-0.58
-150.39%
1.15
Change In Other Current Liabilities
18.10
-17.99%
22.07
+225.46%
6.78
+172.20%
-9.39
Investing Cash Flow
-241.07
-13.67%
-212.07
+6.69%
-227.28
-18.02%
-192.57
Cash Flow From Continuing Investing Activities
-241.07
-13.67%
-212.07
+6.69%
-227.28
-18.02%
-192.57
Net PPE Purchase And Sale
-241.07
-13.67%
-212.07
+6.69%
-227.28
-21.85%
-186.52
Purchase Of PPE
-241.13
-8.75%
-221.74
+2.94%
-228.46
-21.60%
-187.88
Sale Of PPE
0.07
-99.32%
9.67
+721.24%
1.18
-13.39%
1.36
Capital Expenditure
-241.13
-8.75%
-221.74
+2.94%
-228.46
-21.60%
-187.88
Net Business Purchase And Sale
—
0.00
0.00
+100.00%
-6.05
Purchase Of Business
—
0.00
0.00
+100.00%
-6.05
Financing Cash Flow
-78.43
-162.52%
125.45
-37.50%
200.73
+49.40%
134.36
Cash Flow From Continuing Financing Activities
-78.43
-162.52%
125.45
-37.50%
200.73
+49.40%
134.36
Net Issuance Payments Of Debt
-52.79
-141.11%
128.41
+201.83%
-126.10
-189.27%
141.26
Issuance Of Debt
250.00
+63.99%
152.45
+66.34%
91.65
-42.39%
159.08
Repayment Of Debt
-302.79
-1159.37%
-24.04
+88.96%
-217.75
-1121.94%
-17.82
Long Term Debt Issuance
250.00
+66.67%
150.00
+9007.47%
1.65
-98.96%
159.08
Long Term Debt Payments
-302.79
-1302.20%
-21.59
-43.53%
-15.04
+15.57%
-17.82
Net Long Term Debt Issuance
-52.79
-141.11%
128.41
+1058.40%
-13.40
-109.48%
141.26
Short Term Debt Issuance
0.00
-100.00%
2.45
-97.28%
90.00
-42.93%
157.71
Short Term Debt Payments
0.00
+100.00%
-2.45
+98.79%
-202.71
-1927.05%
-10.00
Net Short Term Debt Issuance
0.00
0.00
+100.00%
-112.70
-176.30%
147.71
Net Common Stock Issuance
0.00
0.00
-100.00%
331.20
0.00
Common Stock Payments
—
—
0.00
0.00
Cash Dividends Paid
—
—
0.00
0.00
Repurchase Of Capital Stock
—
—
0.00
0.00
Net Other Financing Charges
-25.64
-766.99%
-2.96
+32.26%
-4.37
+36.73%
-6.90
Changes In Cash
-23.95
-114.99%
159.81
+40.97%
113.37
+6680.32%
1.67
Beginning Cash Position
293.35
+119.67%
133.54
+561.83%
20.18
+9.03%
18.51
End Cash Position
269.40
-8.16%
293.35
+119.67%
133.54
+561.83%
20.18
Free Cash Flow
54.41
+120.34%
24.69
+127.89%
-88.54
+30.82%
-128.00
Interest Paid Supplemental Data
38.97
-0.33%
39.10
+11.82%
34.97
+98.54%
17.61
Income Tax Paid Supplemental Data
1.00
-55.79%
2.25
+30.16%
1.73
+31.53%
1.32
Common Stock Issuance
0.00
0.00
-100.00%
331.20
0.00
Issuance Of Capital Stock
0.00
0.00
-100.00%
331.20
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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