Dutch Bros (BROS)

• Market cap: $7.53B
• 1 day: -4.44%
• 5 days: -8.71%
• 1 month: -9.27%
• 3 months: -16.2%
• 6 months: -4.2%
• Year to date: 5.38%
• 1 year: 74.79%
• 5 years: 61.78%
• 10 years: 61.78%
• Sector: Consumer Discretionary
• Industry: Restaurants

About: Dutch Bros Inc is an operator and franchisor of drive-thru coffee shops that are focused on serving hand-crafted beverages. The company's hand-crafted beverage-focused lineup features hot and cold espresso-based beverages, cold brew coffee products, proprietary energy drinks, tea, lemonade, smoothies and other beverages. The company has two reportable operating segments Company-operated shops and Franchising. It derives maximum revenue from Company operated shops.

Employees: 26,000

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

41% more first-time investments, than exits

New positions opened: 90 | Existing positions closed: 64

32% more repeat investments, than reductions

Existing positions increased: 188 | Existing positions reduced: 142

17% more capital invested

Capital invested by funds: $6.19B [Q1] → $7.23B (+$1.04B) [Q2]

5% more funds holding

Funds holding: 463 [Q1] → 486 (+23) [Q2]

2.88% less ownership

Funds ownership: 86.31% [Q1] → 83.42% (-2.88%) [Q2]

15% less call options, than puts

Call options by funds: $177M | Put options by funds: $209M

25% less funds holding in top 10

Funds holding in top 10: 4 [Q1] → 3 (-1) [Q2]

Research analyst outlook

10 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $75
• Avg. target: $83
• High target: $92

10 analyst ratings

• positive: 9 90%
• neutral: 1 10%
• negative: 0 0%

UBS Dennis Geiger	$85	Buy Maintained	28 Aug 2025
TD Cowen Andrew M. Charles	$86	Buy Reiterated	19 Aug 2025
Morgan Stanley Brian Harbour	$84	Overweight Maintained	7 Aug 2025
RBC Capital Logan Reich	$85	Outperform Maintained	7 Aug 2025
Guggenheim Gregory Francfort	$76	Buy Maintained	7 Aug 2025