BROS Stock Analysis: Dutch Bros | NYSE
Restaurants | NYSE, USA | Market Cap: 6.539m USD | 12M Return: -25% | US26701L1008 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 167M
EPS Trend: 93.7%
Qual. Beats: 0
Rev. Trend: 100.0%
Qual. Beats: 9
Warnings
Tailwinds
No distinct edge detected
Seasonality 5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Dutch Bros Inc. (BROS) operates and franchises drive-thru coffee shops across the country, selling coffee, coffee-related products, and accessories. The company runs its business through two segments: Company-Operated Shops and Franchising and Other. Its portfolio of brands includes Dutch Bros, Dutch Bros Coffee, Dutch Bros Rebel, and Blue Rebel.
Founded in 1992 and headquartered in Tempe, Arizona, Dutch Bros went public on the NYSE in September 2021 and is classified within the Consumer Discretionary sector under the GICS Restaurants sub-industry. The drive-thru coffee shop format is a differentiated quick-service model, emphasizing high-volume beverage sales and customer service speed as core components of the business. As with many restaurant peers, a mix of corporate-owned and franchised locations supports its growth strategy.
- New shop unit growth drives revenue expansion
- Coffee and dairy commodity costs pressure margins
- Same-shop sales growth sustains comparable revenue gains
| Net Income: 92.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA 0.22 > 1.0 |
| NWC/Revenue: 4.86% < 20% (prev 8.72%; Δ -3.87% < -1%) |
| CFO/TA 0.11 > 3% & CFO 365.7m > Net Income 92.4m |
| Net Debt (1.95b) to EBITDA (296.6m): 6.57 < 3 |
| Current Ratio: 1.35 > 1.5 & < 3 |
| Outstanding Shares: last quarter (134.8m) vs 12m ago 6.26% < -2% |
| Gross Margin: 25.02% > 18% (prev 26.72%; Δ -1.70% > 0.5%) |
| Asset Turnover: 60.83% > 50% (prev 51.63%; Δ 9.20% > 0%) |
| Interest Coverage Ratio: 5.98 > 6 (EBIT TTM 169.5m / Interest Expense TTM 28.4m) |
| A: 0.03 (Total Current Assets 352.5m - Total Current Liabilities 261.1m) / Total Assets 3.38b |
| B: 0.05 (Retained Earnings 153.0m / Total Assets 3.38b) |
| C: 0.05 (EBIT TTM 169.5m / Avg Total Assets 3.09b) |
| D: 0.33 (Book Value of Equity 797.7m / Total Liabilities 2.40b) |
| Altman-Z'' = 1.04 = BB |
| DSRI: 1.08 (Receivables 18.9m/13.5m, Revenue 1.88b/1.45b) |
| GMI: 1.07 (GM 26.72% / 25.02%) |
| AQI: 0.96 (AQ_t 0.34 / AQ_t-1 0.35) |
| SGI: 1.30 (Revenue 1.88b / 1.45b) |
| TATA: -0.08 (NI 92.4m - CFO 365.7m) / TA 3.38b) |
| Beneish M = -2.72 (Cap -4..+1) = A |
As of October 19, 2026, the stock is trading at USD 41.16 with a total of 4,774,983 shares traded. Over the past week, the price has changed by +8.17%, over one month by +2.49%, over three months by -39.79% and over the past year by -25.04%.
Current recommended Stop Loss: 39.20 (which is 4.8% or 1.2 ATR below the current price).
Dutch Bros has received a consensus analysts rating of 4.73. Therefore, it is recommended to buy BROS.
- StrongBuy: 21
- Buy: 4
- Hold: 0
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 72.4 | 75.8% |
P/E Trailing = 51.7778
P/E Forward = 32.5733
P/S = 3.4735
P/B = 6.6458
P/EG = 1.3012
Revenue TTM = 1.88b USD
EBIT TTM = 169.5m USD
EBITDA TTM = 296.6m USD
Long Term Debt = 194.6m USD (from longTermDebt, last quarter)
Short Term Debt = 45.5m USD (from shortTermDebt, last quarter)
Debt = 2.22b USD (from shortLongTermDebtTotal, last quarter) + Leases 1.01b
Net Debt = 1.95b USD (calculated: Debt 2.22b - CCE 268.6m)
Enterprise Value = 8.49b USD (6.54b + Debt 2.22b - CCE 268.6m)
Interest Coverage Ratio = 5.98 (Ebit TTM 169.5m / Interest Expense TTM 28.4m)
EV/FCF = 89.30x (Enterprise Value 8.49b / FCF TTM 95.0m)
FCF Yield = 1.12% (FCF TTM 95.0m / Enterprise Value 8.49b)
FCF Margin = 5.05% (FCF TTM 95.0m / Revenue TTM 1.88b)
Net Margin = 4.91% (Net Income TTM 92.4m / Revenue TTM 1.88b)
Gross Margin = 25.02% ((Revenue TTM 1.88b - Cost of Revenue TTM 1.41b) / Revenue TTM)
Gross Margin QoQ = 27.42% (prev 22.83%)
Tobins Q-Ratio = 2.51 (Enterprise Value 8.49b / Total Assets 3.38b)
Interest Expense / Debt = 1.28% (Interest Expense 28.4m / Debt 2.22b)
Taxrate = 16.28% (25.6m / 157.3m)
NOPAT = 141.9m (EBIT 169.5m * (1 - 16.28%))
Current Ratio = 1.35 (Total Current Assets 352.5m / Total Current Liabilities 261.1m)
Debt / Equity = 2.78 (Debt 2.22b / totalStockholderEquity, last quarter 797.7m)
Debt / EBITDA = 6.57 (Net Debt 1.95b / EBITDA 296.6m)
Debt / FCF = 20.49 (Net Debt 1.95b / FCF TTM 95.0m)
Total Stockholder Equity = 707.9m (last 4 quarters mean from totalStockholderEquity)
RoA = 2.99% (Net Income 92.4m / Total Assets 3.38b)
RoE = 13.05% (Net Income TTM 92.4m / Total Stockholder Equity 707.9m)
RoCE = 18.78% (EBIT 169.5m / Capital Employed (Equity 707.9m + L.T.Debt 194.6m))
RoIC = 4.63% (NOPAT 141.9m / Invested Capital 3.07b)
WACC = 8.21% (E(6.54b)/V(8.75b) * Re(10.63%) + D(2.22b)/V(8.75b) * Rd(1.28%) * (1-Tc(0.16)))
Discount Rate = 10.63% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 89.51 | Cagr: 23.77%
[DCF] Terminal Value 77.97% ; FCFF base≈86.2m ; Y1≈98.8m ; Y5≈145.4m
[DCF] Fair Price = 1.74 (EV 2.19b - Net Debt 1.95b = Equity 240.4m / Shares 137.9m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 93.69 | EPS CAGR: 51.31% | SUE: 0.34 | # QB: 0
Revenue Correlation: 99.97 | Revenue CAGR: 29.87% | SUE: 4.0 | # QB: 9
EPS current Quarter (2026-09-30): EPS=0.24 | Chg30d=+0.33% | Revisions=-25% | Analysts=13
EPS current Year (2026-12-31): EPS=0.98 | Chg30d=+0.44% | Revisions=+25% | GrowthEPS=+29.1% | GrowthRev=+30.1%
EPS next Year (2027-12-31): EPS=1.33 | Chg30d=+1.52% | Revisions=+0% | GrowthEPS=+36.0% | GrowthRev=+24.3%
[Analyst] Revisions Ratio: +0% (up=1, down=1)