Overview Dividends

(BROS) Dutch Bros - Ratings and Ratios

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

Coffee, Energy Drink, Smoothies, Shakes

Restaurants
Market Cap in USD: 10,231m

IPO / Inception: 2021-09-15
Return 12m vs S&P 500: -7.30%

EPS (Earnings per Share)

EPS CAGR: 8.38%
EPS Trend: 49.0%

Last SUE: -4.00
Qual. Beats: 0

Revenue

Rev. CAGR: 34.32%
Rev. Trend: 98.3%

Last SUE: 1.31
Qual. Beats: 6

Dividends

Currently no dividends paid

Risk via 5d forecast
Volatility	53.4%
Value at Risk 5%th	72.9%
Relative Tail Risk	-16.99%

Reward TTM
Sharpe Ratio	0.37
Alpha	-14.12
CAGR/Max DD	0.48

Character TTM
Hurst Exponent	0.480
Beta	1.617
Beta Downside	1.763

Drawdowns 3y
Max DD	44.17%
Mean DD	22.50%
Median DD	25.19%

Description: BROS Dutch Bros January 03, 2026

Dutch Bros Inc. (NYSE:BROS) operates a network of drive-thru coffee shops across the United States, split between Company-Operated Shops and franchised locations. The brand portfolio includes Dutch Bros, Dutch Bros Coffee, Dutch Bros Rebel, and Blue Rebel, all sold primarily through physical drive-thru outlets and online ordering channels.

Founded in 1992 and headquartered in Grants Pass, Oregon, the company reported FY 2023 revenue of approximately $1.5 billion and grew its store count to roughly 800 locations, with franchisees now accounting for about 30 percent of total outlets. Same-store sales rose ~15 percent year-over-year, driven by higher average ticket size (≈ $7.20) and strong demand for the higher-margin Rebel energy-drink line.

Key economic drivers for Dutch Bros include discretionary consumer spending trends, coffee bean price volatility, and labor-cost inflation-factors that disproportionately affect drive-thru concepts with lower overhead than full-service cafés. At the sector level, the continued shift toward on-the-go coffee consumption and the expansion of franchise models are boosting scalability and cash-flow generation for players like Dutch Bros.

For a deeper, data-rich analysis of Dutch Bros’ valuation and scenario modeling, consult the ValueRay platform.

Piotroski VR‑10 (Strict, 0-10) 6.5

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 (769.4m) to EBITDA (239.2m) ratio: 3.22 <= 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

(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) 65.45

1. Piotroski 6.50pt

2. FCF Yield 0.59%

3. FCF Margin 4.25%

4. Debt/Equity 1.58

5. Debt/Ebitda 3.22

6. ROIC - WACC (= 2.07)%

7. RoE 10.22%

8. Rev. Trend 98.30%

9. EPS Trend 49.04%

What is the price of BROS shares?

As of January 09, 2026, the stock is trading at USD 63.21 with a total of 2,067,029 shares traded.
Over the past week, the price has changed by +3.25%, over one month by +8.83%, over three months by +32.63% and over the past year by +9.87%.

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	76.6	21.2%
Analysts Target Price	76.6	21.2%
ValueRay Target Price	65.5	3.7%

BROS Fundamental Data Overview January 04, 2026

Market Cap USD = 10.23b (10.23b USD * 1.0 USD.USD)
P/E Trailing = 126.8571
P/E Forward = 68.9655
P/S = 6.655
P/B = 11.8449
Beta = 2.56
Revenue TTM = 1.54b USD
EBIT TTM = 139.3m USD
EBITDA TTM = 239.2m USD
Long Term Debt = 196.0m USD (from longTermDebt, last quarter)
Short Term Debt = 36.5m USD (from shortTermDebt, last quarter)
Debt = 1.04b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 769.4m USD (from netDebt column, last quarter)
Enterprise Value = 11.00b USD (10.23b + Debt 1.04b - CCE 267.2m)
Interest Coverage Ratio = 5.09 (Ebit TTM 139.3m / Interest Expense TTM 27.4m)
FCF Yield = 0.59% (FCF TTM 65.4m / Enterprise Value 11.00b)
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 = 3.76 (Enterprise Value 11.00b / Total Assets 2.92b)
Interest Expense / Debt = 0.65% (Interest Expense 6.70m / Debt 1.04b)
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 = 1.58 (Debt 1.04b / totalStockholderEquity, last quarter 656.6m)
Debt / EBITDA = 3.22 (Net Debt 769.4m / EBITDA 239.2m)
Debt / FCF = 11.76 (Net Debt 769.4m / 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 = 17.34% (EBIT 139.3m / Capital Employed (Equity 607.3m + L.T.Debt 196.0m))
RoIC = 12.99% (NOPAT 108.8m / Invested Capital 837.6m)
WACC = 10.92% (E(10.23b)/V(11.27b) * Re(11.97%) + D(1.04b)/V(11.27b) * Rd(0.65%) * (1-Tc(0.22)))
Discount Rate = 11.97% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 41.42%
[DCF Debug] Terminal Value 55.04% ; FCFE base≈65.4m ; Y1≈42.9m ; Y5≈19.6m
Fair Price DCF = 1.83 (DCF Value 232.8m / Shares Outstanding 127.0m; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: 49.04 | EPS CAGR: 8.38% | SUE: -4.0 | # QB: 0
Revenue Correlation: 98.30 | Revenue CAGR: 34.32% | SUE: 1.31 | # QB: 6
EPS next Quarter (2026-03-31): EPS=0.18 | Chg30d=+0.003 | Revisions Net=+2 | Analysts=16
EPS next Year (2026-12-31): EPS=0.90 | Chg30d=+0.008 | Revisions Net=+2 | Growth EPS=+33.4% | Growth Revenue=+25.7%

Additional Sources for BROS Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle