DUTCH BROS INC.
At today's price, DUTCH BROS INC. (BROS) is priced for today's economics sustained for ~16.8 years. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
At about $71, the price works out to roughly 61 times company-wide operating income. Inverted, that asks Dutch Bros to hold growth near its self-funding ceiling for something like 18 years. Historically only about one in seven comparable fast-growers sustained that pace for even a decade. The price is an explicit bet on unusually durable compounding. The first quarter of 2026 backed the growth story: total revenue up 31% to $464 million, company-operated same-shop sales up 10.6% on 6.9% more tr
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490 institutional managers reported holding BROS in 13F filings for the quarter ended 2026-03-31. 83 opened new positions that quarter. Held by BlackRock, Vanguard Group, FMR (Fidelity), among others. On the short side, 16.1M shares were sold short as of the 2026-06-15 count, about 13% of shares outstanding (4.3 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
BROS's share count grew 182.6% over the past five years even with $287.66M spent on repurchases. It pays no dividend.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at BROS over the trailing three years: 2023: 3 buys totaling $25k. 15 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
BROS's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-10 | +18.2% | -22.8% |
| 2023-11-09 | +1.1% | +3.8% |
| 2024-02-24 | +1.0% | -0.4% |
| 2024-05-09 | +12.1% | +22.2% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
BROS's latest 8-K filings: 2026-05-15 (items 5.07); 2026-05-06 (items 2.02, 7.01, 9.01); 2026-02-12 (items 2.02, 7.01, 9.01); 2025-11-05 (items 2.02, 7.01, 9.01); 2025-08-06 (items 2.02, 7.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.