Dutch Bros (BROS)

Dutch Mafia, LLC • Boersma Bros. LLC • DB Franchising USA, LLC • Dutch Bros., LLC • Dutchwear, LLC • BB Holdings • BB Holdings NV, LLC • BB Holdings OK Group, LLC ...

IRS number

871041305

BROS stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$78.50

Low target

$72.00

High target

$85.00

Latest filings (excl ownership)

View all

5 Nov 25

Dutch Bros Inc. Reports Third Quarter 2025 Financial Results

6 Aug 25

Dutch Bros Inc. Reports Second Quarter 2025 Financial Results

6 Aug 25

8-K

Entry into a Material Definitive Agreement

30 May 25

8-K

Departure of Directors or Certain Officers

22 May 25

8-K

Departure of Directors or Certain Officers

7 May 25

Dutch Bros Inc. Reports First Quarter 2025 Financial Results

7 May 25

ARS

2024 FY

Annual report to shareholders

31 Mar 25

Transcripts

View all

BROS

Earnings call transcript

2025 Q3

5 Nov 25

BROS

Earnings call transcript

2025 Q2

6 Aug 25

BROS

Earnings call transcript

2025 Q1

7 May 25

BROS

Earnings call transcript

2024 Q4

12 Feb 25

BROS

Earnings call transcript

2024 Q3

6 Nov 24

BROS

Earnings call transcript

2024 Q2

7 Aug 24

BROS

Earnings call transcript

2024 Q1

7 May 24

BROS

Earnings call transcript

2023 Q4

21 Feb 24

BROS

Earnings call transcript

2023 Q3

7 Nov 23

BROS

Earnings call transcript

2023 Q2

8 Aug 23

Latest ownership filings

View all

Change in insider ownership

26 Aug 25

Change in insider ownership

26 Aug 25

144

Notice of proposed sale of securities

25 Aug 25

144

Notice of proposed sale of securities

25 Aug 25

Change in insider ownership

25 Aug 25

Change in insider ownership

25 Aug 25

Travis Boersma

25 Aug 25

Financial summary

Financial statements Chart BROS financial data

Quarter (USD)	Sep 25	Jun 25	Mar 25	Dec 24
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 24	Dec 23	Dec 22	Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	267.20 mm	267.20 mm	267.20 mm	267.20 mm	267.20 mm	267.20 mm
Cash burn (monthly)	(no burn)	1.16 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	1.76 mm	n/a	n/a	n/a	n/a
Cash remaining	n/a	265.43 mm	n/a	n/a	n/a	n/a
Runway (months of cash)	n/a	228.5	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from Dutch Bros earnings reports.

Institutional ownership, Q4 2024

BROS institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	392	348	+12.6%
Opened positions	93	73	+27.4%
Closed positions	49	66	-25.8%
Increased positions	110	138	-20.3%
Reduced positions	132	85	+55.3%

13F shares	Current	Prev Q	Change
Total value	5.04 tn	3.19 tn	+57.6%
Total shares	200.58 mm	202.34 mm	-0.9%
Total puts	1.46 mm	1.86 mm	-21.6%
Total calls	1.95 mm	1.83 mm	+6.4%
Total put/call ratio	0.7	1.0	-26.4%

Largest owners	Shares	Value	Change
TSG7 A Management	64.47 mm	$3.28 bn	0.0%
Travis Boersma	35.32 mm	$1.17 bn	0.0%
Vanguard	10.18 mm	$533.46 bn	+1.5%
FMR	6.52 mm	$341.33 bn	+98.1%
Baillie Gifford & Co	6.14 mm	$321.46 bn	-12.4%
D. E. Shaw & Co.	5.12 mm	$268.09 bn	+14.0%
BlackRock	4.79 mm	$250.79 bn	+4.3%
TSG Consumer Partners	3.51 mm	$183.77 bn	-32.8%
FIL	3.37 mm	$176.30 bn	NEW
Wasatch Advisors	3.24 mm	$169.71 bn	-21.5%

Largest transactions	Shares	Bought/sold	Change
Marshall Wace	546.66 k	-4.37 mm	-88.9%
FIL	3.37 mm	+3.37 mm	NEW
FMR	6.52 mm	+3.23 mm	+98.1%
1832 Asset Management	2.63 mm	+2.55 mm	+3071.2%
Citadel Advisors	550.29 k	-2.08 mm	-79.1%
Eagle Asset Management	0.00	-2.02 mm	EXIT
RJF Raymond James Financial	1.80 mm	+1.80 mm	NEW
TSG Consumer Partners	3.51 mm	-1.71 mm	-32.8%
MS Morgan Stanley	1.98 mm	+1.34 mm	+206.5%
AMP Ameriprise Financial	864.84 k	-1.25 mm	-59.1%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

BROS insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
1 Nov 25	Victoria J Tullett	Class A Common Stock	Payment of exercise	Dispose F	No	No	55.54	914	50.76 k	14,743
1 Nov 25	Victoria J Tullett	Class A Common Stock	Option exercise	Acquire M	No	No	0	2,182	0.00	15,657
1 Nov 25	Victoria J Tullett	RSU Class A Common Stock	Option exercise	Dispose M	No	No	0	2,182	0.00	0
25 Aug 25	DM Trust Aggregator	Class A Common Stock	Sell	Dispose S	No	Yes	69.5922	250,113	17.41 mm	1,550,396
25 Aug 25	DM Trust Aggregator	Class A Common Stock	Sell	Dispose S	No	Yes	68.3948	174,916	11.96 mm	1,800,509
25 Aug 25	DM Trust Aggregator	Class A Common Stock	Sell	Dispose S	No	Yes	67.8915	56,022	3.80 mm	1,975,425
25 Aug 25	DM Trust Aggregator	Class A Common Stock	Sell	Dispose S	No	Yes	65.9614	2,517	166.02 k	2,031,447
25 Aug 25	Travis Boersma	Class A Common Stock	Sell	Dispose S	Yes	Yes	69.5922	157,294	10.95 mm	975,031
25 Aug 25	Travis Boersma	Class A Common Stock	Sell	Dispose S	Yes	Yes	68.3948	110,004	7.52 mm	1,132,325
25 Aug 25	Travis Boersma	Class A Common Stock	Sell	Dispose S	Yes	Yes	67.8915	35,232	2.39 mm	1,242,329