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Dutch Bros Inc

Dutch Bros Inc

BROS
$68.36USD↑+4.61%+3.01 today

MARKET CAP

11.3B

P/E (TTM)

87.6x

FWD P/E

62.2x

DAY RANGE

$66 – $69

52W RANGE

$45
$75

AI Summary

Stalk
Buy NowMedium

BROS is in a Stage 2 advancing regime within a healthy uptrend, supported by rising EMAs and a clear higher-high/higher-low sequence. Price is currently pulling back into the 9- and 21-day EMA zone and holding, offering a favorable entry for continuation participation. Moderate Stage Transition Risk and overbought context warrant vigilance if EMA support fails.

  • ↑Q1 revenue $464 M (+31% YoY) with adj. EBITDA $79 M (+26%)
  • ↑Analysts project EPS $0.29 next quarter (+11.5% YoY) on positive revisions
  • ↓~60 bps COGS hit from elevated coffee prices; CFO foresees 200 bps margin headwind
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The case for & against

Bull & Bear analysis

Bullish

Dutch Bros Inc. (NYSE: BROS) is a rapidly growing drive-through coffee chain known for its unique brand identity, customer loyalty initiatives, and community engagement. Positioned as a leader in the coffee beverage sector, Dutch Bros aims for aggressive growth by establishing 2,029 shops by 2029. With a robust pipeline for new store openings and a focus on innovative product offerings, including a recent expansion into food items, the company is well-equipped to navigate a competitive market.

Bull says

  • ↑Q1 revenue $464 M (+31% YoY) with adj. EBITDA $79 M (+26%)
  • ↑Analysts project EPS $0.29 next quarter (+11.5% YoY) on positive revisions
  • ↑Targeting 185 new openings in 2026, aiming for 2,029 stores by 2029
  • ↑Food rollout boosting transaction frequency; System AUV $2.2 M; TX comps +20%
  • ↑Strong profitability metrics, manageable leverage, robust liquidity and FCF
  • ↑$5 M donated to communities enhances brand loyalty and customer retention

Bear says

  • ↓~60 bps COGS hit from elevated coffee prices; CFO foresees 200 bps margin headwind
  • ↓Negative momentum and elevated short interest signal potential share weakness
  • ↓Intermittent insider selling raises management confidence concerns
  • ↓Book-to-price ratio suggests stretched valuation and downside risk
  • ↓Intense competition from Starbucks, Dunkin' and Peet's may slow same-store growth
  • ↓Coffee cost volatility and margin pressure require close monitoring

Investment themes with BROS

Buybacks↑ +0.48%

Companies repurchasing their own shares

C · JCI · WFC

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 05-08-2026neutral

Transcript signals

Bull points

  • we're very pleased with what we're seeing initially. So getting great customer feedback on taste and on the products.
  • we are still tracking on a system-wide basis to the 4% comp lift for shops that will have food.
  • we are still tracking to that 4% level.

Bear points

  • the higher occupancy costs as a result of our shift to build-to-suit leases, That put about 50 basis points of margin pressure in that line
  • Beverage, food, and packaging costs were 26.2% of company-operated shop revenue, which is 120 basis points higher year-over-year, primarily driven by higher coffee costs and costs associated with the continued rollout of our new food program.
  • The updated full-year 2026 guidance now contemplates approximately 60 basis points of total COGS pressure. This also includes the impact from costs associated with the continued rollout of the new food program.
Read full transcript analysis ›