Overview Dividends

(BROS) Dutch Bros - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US26701L1008

Coffee, Rebel, Drive-Thru

BROS EPS (Earnings per Share)

EPS (Earnings per Share) of BROS over the last years for every Quarter: "2020-09": null, "2020-12": 0.5827, "2021-03": 0.5827, "2021-06": 0.08, "2021-09": 0.23, "2021-12": 0.02, "2022-03": -0.02, "2022-06": 0.05, "2022-09": 0.09, "2022-12": 0.03, "2023-03": -0.0678, "2023-06": 0.13, "2023-09": 0.14, "2023-12": 0.04, "2024-03": 0.09, "2024-06": 0.19, "2024-09": 0.16, "2024-12": 0.07, "2025-03": 0.14, "2025-06": 0.2, "2025-09": 0.19,
EPS Growth (3Y CAGR): 95.66%
EPS Trend (3Y Correlation): 68.4%

BROS Revenue

Revenue of BROS over the last years for every Quarter: 2020-09: 86.658, 2020-12: 89.896, 2021-03: 98.785, 2021-06: 129.208, 2021-09: 129.803, 2021-12: 140.08, 2022-03: 152.156, 2022-06: 186.381, 2022-09: 198.648, 2022-12: 201.827, 2023-03: 197.267, 2023-06: 249.879, 2023-09: 264.507, 2023-12: 254.123, 2024-03: 275.099, 2024-06: 324.918, 2024-09: 338.212, 2024-12: 342.786, 2025-03: 355.152, 2025-06: 415.813, 2025-09: 423.584,
Revenue Growth (3Y CAGR): 30.94%
Revenue Trend (3Y Correlation): 97.7%
Risk via 10d forecast
Volatility 54.4%
Value at Risk 5%th 74.4%
Reward
Sharpe Ratio 0.50
Alpha -9.54
Character
Hurst Exponent 0.543
Beta 2.565
Drawdowns 3y
Max DD 44.17%
Mean DD 21.73%

Description: BROS Dutch Bros October 31, 2025

Dutch Bros Inc. (NYSE:BROS) operates a network of drive-thru coffee shops across the United States, split between Company-Operated Shops and a franchising model. The brand portfolio includes Dutch Bros, Dutch Bros Coffee, Dutch Bros Rebel, and Blue Rebel, all sold primarily through physical locations and online ordering channels. Founded in 1992 and headquartered in Grants Pass, Oregon, the firm is classified under the Restaurants sub-industry.

As of the most recent filing, Dutch Bros runs roughly 650 locations, with franchisees accounting for about 30% of total stores-a share that has been steadily rising as the company leverages lower-capital expansion. FY 2023 same-store sales grew approximately 13% year-over-year, driven by strong demand for specialty coffee and the higher-margin Rebel energy-drink line, which contributed roughly 15% of total revenue. Key economic levers include consumer discretionary spending trends, coffee bean price volatility, and labor-cost pressures that affect both company-owned and franchised outlets.

For a deeper quantitative assessment, you might explore ValueRay’s detailed financial model for BROS to see how these drivers translate into valuation scenarios.

BROS Stock Overview

Market Cap in USD 8,790m
Sub-Industry Restaurants
IPO / Inception 2021-09-15
Return 12m vs S&P 500 0.15%
Analyst Rating 4.56 of 5

BROS Dividends

Currently no dividends paid

BROS Growth Ratios

CAGR 18.44%
CAGR/Max DD Calmar Ratio 0.42
CAGR/Mean DD Pain Ratio 0.85
Current Volume 3003.5k
Average Volume 4057.2k

Piotroski VR‑10 (Strict, 0-10) 7.0

Net Income (62.1m TTM) > 0 and > 6% of Revenue (6% = 92.2m TTM)
FCFTA 0.02 (>2.0%) and ΔFCFTA 2.67pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue 7.59% (prev 13.55%; Δ -5.96pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)
CFO/TA 0.10 (>3.0%) and CFO 278.1m > Net Income 62.1m (YES >=105%, WARN >=100%)
Net Debt (573.4m) to EBITDA (239.2m) ratio: 2.40 <= 3.0 (WARN <= 3.5)
Current Ratio 1.52 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)
Outstanding Shares last Quarter (127.4m) change vs 12m ago 11.49% (target <= -2.0% for YES)
Gross Margin 26.33% (prev 26.10%; Δ 0.23pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)
Asset Turnover 57.43% (prev 49.04%; Δ 8.40pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio 5.09 (EBITDA TTM 239.2m / Interest Expense TTM 27.4m) >= 6 (WARN >= 3)

Altman Z'' 0.74

(A) 0.04 = (Total Current Assets 341.1m - Total Current Liabilities 224.5m) / Total Assets 2.92b
(B) 0.03 = Retained Earnings (Balance) 78.1m / Total Assets 2.92b
(C) 0.05 = EBIT TTM 139.3m / Avg Total Assets 2.68b
(D) 0.04 = Book Value of Equity 78.3m / Total Liabilities 2.06b
Total Rating: 0.74 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 64.63

1. Piotroski 7.0pt = 2.0
2. FCF Yield 0.70% = 0.35
3. FCF Margin 4.25% = 1.06
4. Debt/Equity 1.28 = 1.73
5. Debt/Ebitda 2.40 = -0.77
6. ROIC - WACC (= -1.09)% = -1.36
7. RoE 10.22% = 0.85
8. Rev. Trend 97.75% = 7.33
9. EPS Trend 68.45% = 3.42

What is the price of BROS shares?

As of November 12, 2025, the stock is trading at USD 56.01 with a total of 3,003,456 shares traded.
Over the past week, the price has changed by +1.52%, over one month by +7.07%, over three months by -17.00% and over the past year by +15.63%.

Is Dutch Bros a good stock to buy?

Neither. Based on ValueRay´s Fundamental Analyses, Dutch Bros is currently (November 2025) neither a good nor a bad stock to buy. It has a ValueRay Fundamental Rating of 64.63 and therefor a neutral outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of BROS is around 45.48 USD . This means that BROS is currently overvalued and has a potential downside of -18.8%.

Is BROS a buy, sell or hold?

Dutch Bros has received a consensus analysts rating of 4.56. Therefore, it is recommended to buy BROS.
  • Strong Buy: 10
  • Buy: 5
  • Hold: 1
  • Sell: 0
  • Strong Sell: 0

What are the forecasts/targets for the BROS price?

Issuer Target Up/Down from current
Wallstreet Target Price 76.2 36%
Analysts Target Price 76.2 36%
ValueRay Target Price 53.3 -4.9%

BROS Fundamental Data Overview November 10, 2025

Market Cap USD = 8.79b (8.79b USD * 1.0 USD.USD)
P/E Trailing = 109.0408
P/E Forward = 58.4795
P/S = 5.718
P/B = 10.4435
Beta = 2.565
Revenue TTM = 1.54b USD
EBIT TTM = 139.3m USD
EBITDA TTM = 239.2m USD
Long Term Debt = 219.8m USD (from longTermDebt, last fiscal year)
Short Term Debt = 36.5m USD (from shortTermDebt, last quarter)
Debt = 840.6m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 573.4m USD (from netDebt column, last quarter)
Enterprise Value = 9.36b USD (8.79b + Debt 840.6m - CCE 267.2m)
Interest Coverage Ratio = 5.09 (Ebit TTM 139.3m / Interest Expense TTM 27.4m)
FCF Yield = 0.70% (FCF TTM 65.4m / Enterprise Value 9.36b)
FCF Margin = 4.25% (FCF TTM 65.4m / Revenue TTM 1.54b)
Net Margin = 4.04% (Net Income TTM 62.1m / Revenue TTM 1.54b)
Gross Margin = 26.33% ((Revenue TTM 1.54b - Cost of Revenue TTM 1.13b) / Revenue TTM)
Gross Margin QoQ = 25.21% (prev 28.87%)
Tobins Q-Ratio = 3.20 (Enterprise Value 9.36b / Total Assets 2.92b)
Interest Expense / Debt = 0.80% (Interest Expense 6.70m / Debt 840.6m)
Taxrate = 21.92% (7.66m / 34.9m)
NOPAT = 108.8m (EBIT 139.3m * (1 - 21.92%))
Current Ratio = 1.52 (Total Current Assets 341.1m / Total Current Liabilities 224.5m)
Debt / Equity = 1.28 (Debt 840.6m / totalStockholderEquity, last quarter 656.6m)
Debt / EBITDA = 2.40 (Net Debt 573.4m / EBITDA 239.2m)
Debt / FCF = 8.77 (Net Debt 573.4m / FCF TTM 65.4m)
Total Stockholder Equity = 607.3m (last 4 quarters mean from totalStockholderEquity)
RoA = 2.12% (Net Income 62.1m / Total Assets 2.92b)
RoE = 10.22% (Net Income TTM 62.1m / Total Stockholder Equity 607.3m)
RoCE = 16.85% (EBIT 139.3m / Capital Employed (Equity 607.3m + L.T.Debt 219.8m))
RoIC = 13.09% (NOPAT 108.8m / Invested Capital 831.3m)
WACC = 14.17% (E(8.79b)/V(9.63b) * Re(15.47%) + D(840.6m)/V(9.63b) * Rd(0.80%) * (1-Tc(0.22)))
Discount Rate = 15.47% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 30.01%
[DCF Debug] Terminal Value 44.79% ; FCFE base≈65.4m ; Y1≈42.9m ; Y5≈19.6m
Fair Price DCF = 1.39 (DCF Value 176.4m / Shares Outstanding 127.0m; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: 68.45 | EPS CAGR: 95.66% | SUE: 0.97 | # QB: 2
Revenue Correlation: 97.75 | Revenue CAGR: 30.94% | SUE: 1.31 | # QB: 6

Additional Sources for BROS Stock

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