Business description: Dutch Bros Inc.

Dutch Bros Inc. is an operator and franchiser of drive-thru shops, which is focused on serving hand-crafted beverages. The Company sells a range of customizable hot, iced and blended beverages. Coffee-based beverages include its espresso-based custom drinks, cold brew and its proprietary Freeze blended beverages. Its Private Reserve coffee is a 100% Arabica three-bean blend, roasted in its Grants Pass facility. Its proprietary Blue Rebel energy drink is customizable with flavors and modifiers. It also offers a variety of teas, lemonades, sodas and smoothies. The Company has two segments: Company-operated shops, and Franchising and other. The Company-operated shops segment includes coffee shop sales to customers. The Franchising and other segment includes bean and product sales to franchise partners and includes the initial franchise fees, royalties, and marketing fees. It has approximately 831 shops, of which 542 are operated by the Company and 289 are franchised, across 16 states.

Number of employees: 23,000

Sales by Activity: Dutch Bros Inc.

Fiscal Period: December 2021 (USD) 2022 (USD) 2023 (USD) 2024 (USD) 2025 (USD)

Company-Operated Shops

404M 640M 858M 1.17B 1.51B

Franchising and Other

94.13M 99.3M 108M 115M 129M

Geographical breakdown of sales: Dutch Bros Inc.

Fiscal Period: December 2021 (USD) 2022 (USD) 2023 (USD) 2024 (USD) 2025 (USD)

United States

498M 739M 966M 1.28B 1.64B

Executive Committee: Dutch Bros Inc.

Manager TitleAgeSince
Chief Executive Officer 52 2023-12-31
Director of Finance/CFO 47 2024-05-08
Sales & Marketing 43 2023-06-11
Corporate Officer/Principal 45 2026-01-04
Chief Operating Officer 55 -

Composition of the Board of Directors: Dutch Bros Inc.

Director TitleAgeSince
Director/Board Member 68 2024-06-02
Director/Board Member 59 2024-06-23
Director/Board Member 61 2021-07-31
Director/Board Member 50 2021-12-14
Director/Board Member 54 2023-11-02
Director/Board Member 51 2022-08-21
Chairman 55 2021-01-31
Director/Board Member 50 2025-02-17
Director/Board Member 52 2023-12-31
Director/Board Member 48 2021-07-31

Shareholders: Dutch Bros Inc.

NameEquities%Valuation
Vanguard Fiduciary Trust Co.
8.738 %
11,090,575 8.738 % 562 M $
Fidelity Management & Research Co. LLC
5.682 %
7,212,382 5.682 % 365 M $
BlackRock Advisors LLC
5.466 %
6,938,177 5.466 % 351 M $
Baillie Gifford & Co.
2.545 %
3,230,676 2.545 % 164 M $
Marshall Wace LLP
2.441 %
3,098,288 2.441 % 157 M $
NameEquities%Valuation
TSG Consumer Partners LP
5.172 %
2,347,346 5.172 % 119 M $
NameEquities%Valuation
11.21 %
14,064,076 11.21 % 712 M $
TSG Consumer Partners LP
8.055 %
10,105,509 8.055 % 512 M $
NameEquities%Valuation
54.42 %
35,210,946 54.42 % 1 784 M $

Company details: Dutch Bros Inc.

Dutch Bros, Inc.

1930 West Rio Salado Parkway

85281, Tempe

+

http://www.dutchbros.com
address Dutch Bros Inc.(BROS)

Cafés

Change 5d. change 1-year change 3-years change Capi.($)
+5.61%-4.37%-8.29%+74.98% 6.8B
+1.12%+3.43%+9.59%+18.63% 911M
-0.17%-3.67%+7.12%+37.98% 768M
0.00%+1.30%+25.81%+16.42% 382M
+4.77%+5.66% - - 269M
0.00%+6.56%-1.96%-15.20% 63.79M
+3.64%-1.56%-14.78%-43.28% 57.47M
Average +2.14%+1.10%+2.91%+14.92% 1.32B
Weighted average by Cap. +4.38%-2.92%-3.70%+62.22%
Trader
Investor
Global
Quality
ESG MSCI
B
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
25
Last Close Price
53.44USD
Average target price
75.71USD
Spread / Average Target
+41.67%

Quarterly revenue - Rate of surprise

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