Inside the research
Dutch Bros Inc.
BROS Research profile · latest available data
Price overview
$37.89
▼ -0.62 (-1.6%)
| 52w hi | $73.31 |
|---|---|
| 52w lo | $37.89 |
| Vol | 3.25M |
| As of | 25 Sep 2026 |
The Verdict
Our score -0.46
| Short | -0.49 |
|---|---|
| Medium | -0.55 |
| Long | -0.22 |
computed 2026-09-27
Key fundamentals
Dutch Bros Inc.
Consumer Cyclical · Restaurants
| Market cap | $6.65B |
|---|---|
| Enterprise value | $6.34B |
| Trailing P/E | 52.62x |
| Forward P/E | 28.37x |
| EV / EBITDA | 19.69x |
| P / S (ttm) | 3.53x |
| Profit margin | 4.9% |
| Return on equity | 14.6% |
| Revenue growth | +32.5% |
| Earnings growth | +37.3% |
| Debt / equity | 123.83 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.24 | |
| Sector | -0.03 | |
| Technical | -0.42 | |
| Earnings | +0.00 | |
| Sentiment | +0.00 |
macro × 1.00 · 2026-09-27
Business overview
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.
Risk Metrics
| Beta vs SPX | 1.63 |
|---|---|
| Corr SPX | 0.43 |
| Annual vol | 60.2% |
| Annual ret | +21.5% |
| Sharpe | 0.36 |
| Max DD | -55.6% |
Window: 504 trading days (504 obs)
Analyst Coverage
| Mean PT | $76.72 |
|---|---|
| High / Low | $95.00 / $61.00 |
| Median | $75.00 |
| Analysts | 25 |
| Strong Buy | 5 | |
|---|---|---|
| Buy | 20 | |
| Hold | 1 | |
| Sell | 0 | |
| Strong Sell | 0 |
Recent rating actions
| 2026-05-07 | Piper Sandler | → Neutral |
| 2026-05-07 | Keybanc | → Overweight |
| 2026-05-07 | Citigroup | → Buy |
| 2026-05-07 | Barclays | → Overweight |
| 2026-04-27 | DA Davidson | → Buy |
| 2026-04-08 | Telsey Advisory Group | → Outperform |
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-08-05 | Earnings Release, Reg FD Disclosure… | read |
| 2026-05-15 | Shareholder Vote | read |
| 2026-05-06 | Earnings Release, Reg FD Disclosure… | read |
| 2026-02-12 | Earnings Release, Reg FD Disclosure… | read |
| 2025-11-05 | Earnings Release, Reg FD Disclosure… | read |
| 2025-08-06 | Earnings Release, Reg FD Disclosure… | read |
| 2025-05-30 | Material Agreement, Exhibits | read |
| 2025-05-22 | Officer / Director Change, Exhibits | read |
| 2025-05-16 | Officer / Director Change, Shareholder Vote… | read |
| 2025-05-07 | Earnings Release, Reg FD Disclosure… | read |
| 2025-02-18 | Officer / Director Change, Reg FD Disclosure… | read |
| 2025-02-12 | Earnings Release, Reg FD Disclosure… | read |
Insider Trades
| Date | Insider | Role | Action | Shares | Value |
|---|---|---|---|---|---|
| 2026-08-13 | Penegor Todd Allan | Buy | 2.00K | $103.12K | |
| 2026-07-01 | DAVILA TANA | Chief Marketing Officer | Option exercise | 8.79K | — |
| 2026-07-01 | DAVILA TANA | Chief Marketing Officer | Withheld for tax | 2.37K | $173.52K |
| 2026-07-01 | DAVILA TANA | Chief Marketing Officer | Option exercise | 5.66K | — |
| 2026-07-01 | DAVILA TANA | Chief Marketing Officer | Withheld for tax | 3.68K | $269.63K |
| 2026-06-11 | Boersma Travis | Executive Chairman of Boa | Sell | 124.77K | $7.79M |
| 2026-06-11 | Boersma Travis | Executive Chairman of Boa | Sell | 29.14K | $1.87M |
| 2026-06-11 | Boersma Travis | Executive Chairman of Boa | Sell | 226.12K | $14.35M |
| 2026-06-11 | Boersma Travis | Executive Chairman of Boa | Sell | 233.69K | $14.60M |
| 2026-06-11 | Boersma Travis | Executive Chairman of Boa | Sell | 120.73K | $7.66M |
Flow & Concentration
| Insider 180d net | -$317.08M |
|---|---|
| Insider buys / sells | 1 / 33 |
| Insider bias | Sellers |
| 13F holders | 8 |
| Top-5 share | 99.8% |
| HHI | 4,934 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| Fidelity / FMR LLC | $1.20B | 16.72M |
| State Street Corp | $276.56M | 3.85M |
| Citadel Advisors | $215.13M | 3.00M |
| Capital Research / Capital World | $81.51M | 1.14M |
| Millennium Management | $7.39M | 102.85K |
| AQR Capital Management | $2.07M | 28.85K |
| T. Rowe Price Group | $688.94K | 9.59M |
| Bridgewater Associates | $466.55K | 6.50K |
As of 2026-06-30
SEC Filings
The Long Run
FY 2021–2025 · 5 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $1.64B | +49.6% | |
| Operating income | $106.09M | +112.9% | |
| Net income | $35.26M | — | |
| Cash from ops | $295.55M | +38.5% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $38.43 | $38.80 | $37.80 | $37.89 | 3.25M |
| Sep 24 | $38.45 | $38.82 | $37.90 | $38.51 | 2.78M |
| Sep 23 | $38.73 | $39.03 | $37.72 | $38.43 | 4.53M |
| Sep 22 | $39.85 | $40.10 | $38.58 | $38.76 | 5.91M |
| Sep 21 | $40.55 | $40.56 | $38.28 | $39.15 | 6.35M |
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