Dutch Bros’ (BROS) “Buy” Rating Reaffirmed at TD Cowen

TD Cowen reiterated their buy rating on shares of Dutch Bros (NYSE:BROS) in a report issued on Friday,Benzinga reports. The firm currently has a $73.00 price objective on the stock.

Other research analysts also recently issued reports about the stock. Sanford C. Bernstein restated an “overweight” rating and issued a $76.00 target price on shares of Dutch Bros in a research note on Wednesday, January 7th. UBS Group restated a “buy” rating on shares of Dutch Bros in a report on Monday. Morgan Stanley decreased their price target on shares of Dutch Bros from $84.00 to $82.00 and set an “overweight” rating for the company in a report on Tuesday, January 20th. Citigroup began coverage on Dutch Bros in a report on Monday, January 26th. They set a “buy” rating and a $82.00 target price on the stock. Finally, Piper Sandler reduced their price objective on Dutch Bros from $73.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $77.05.

Dutch Bros Price Performance

NYSE:BROS opened at $53.38 on Friday. The company has a 50 day moving average price of $60.05 and a 200-day moving average price of $59.36. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.52 and a quick ratio of 1.32. Dutch Bros has a 1-year low of $47.16 and a 1-year high of $86.88. The firm has a market cap of $8.78 billion, a price-to-earnings ratio of 83.41, a price-to-earnings-growth ratio of 2.14 and a beta of 2.54.

Dutch Bros (NYSE:BROS) last announced its earnings results on Thursday, February 12th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.07. The business had revenue of $443.61 million during the quarter, compared to analysts’ expectations of $424.44 million. Dutch Bros had a return on equity of 9.75% and a net margin of 4.87%.The business’s revenue was up 29.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.07 earnings per share. Equities research analysts forecast that Dutch Bros will post 0.57 EPS for the current year.

Insider Activity

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 648,089 shares of the stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $55.44, for a total transaction of $35,930,054.16. Following the sale, the insider directly owned 9,817 shares of the company’s stock, valued at approximately $544,254.48. This represents a 98.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Travis Boersma sold 1,678,616 shares of the company’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $55.44, for a total transaction of $93,062,471.04. Following the completion of the sale, the chairman directly owned 9,817 shares of the company’s stock, valued at $544,254.48. The trade was a 99.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 3,465,214 shares of company stock worth $189,800,291. Company insiders own 42.40% of the company’s stock.

Hedge Funds Weigh In On Dutch Bros

Several institutional investors have recently modified their holdings of the stock. Ninety One UK Ltd bought a new stake in shares of Dutch Bros in the 3rd quarter valued at $135,336,000. Alyeska Investment Group L.P. purchased a new stake in shares of Dutch Bros in the fourth quarter worth about $113,880,000. Westfield Capital Management Co. LP bought a new position in shares of Dutch Bros in the fourth quarter worth approximately $108,948,000. Norges Bank purchased a new position in Dutch Bros in the fourth quarter worth $96,951,000. Finally, Marshall Wace LLP lifted its holdings in shares of Dutch Bros by 139.2% in the 2nd quarter. Marshall Wace LLP now owns 2,509,767 shares of the company’s stock worth $171,593,000 after acquiring an additional 1,460,376 shares during the last quarter. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Dutch Bros News Roundup

Here are the key news stories impacting Dutch Bros this week:

• Positive Sentiment: Q4 results beat expectations — Dutch Bros reported an earnings and revenue beat with accelerating comps and strong operating metrics, which sparked the immediate rally. Dutch Bros Q4 Results (Business Wire)
• Positive Sentiment: Same-store sales and brand momentum — Management highlighted 7.7% same-store sales growth and rising brand penetration, supporting sustainable sales growth beyond new-store additions. Dutch Bros drives Q4 momentum (NRN)
• Positive Sentiment: Aggressive store rollout and M&A to speed market entry — Dutch Bros reiterated accelerated expansion (targeting ~2,029 locations by 2029 and ~181+ new shops in 2026) and recently acquired Clutch Coffee to help enter new markets faster — a growth catalyst for long-term revenue. Dutch Bros growth thesis (Seeking Alpha)
• Positive Sentiment: Analyst support and price-target momentum — Street buyers and recent analyst notes (e.g., TD Cowen reaffirmation) added conviction after the quarter, helping sentiment and buy-side interest. Dutch Bros stock reaction & analyst notes (Benzinga)
• Positive Sentiment: Unusually heavy call buying — Options flow showed a large increase in call purchases, signaling speculative or institutional bullish positioning ahead of/after the print (noted in market flow data).
• Neutral Sentiment: Guidance and margin outlook are mixed — Management guides for strong revenue (~$2B) but flags margin pressure from coffee input costs and food expansion; the company expects only modest margin contraction (~60 bps), which investors will monitor. Margin/guidance discussion (Seeking Alpha)
• Negative Sentiment: High valuation and execution risk — BROS trades at a rich multiple (P/E well above peers), so upside depends on continued high-single/low-double-digit unit growth and margin stability.
• Negative Sentiment: Insider selling and leverage noted in filings — Recent aggregated insider dispositions and rising liabilities highlighted in data summaries could be a caution for some investors; watch future insider activity and balance-sheet trends. QuiverQuant: Q4 results & insider data

About Dutch Bros

Dutch Bros Coffee, trading on the NYSE under the ticker BROS, is an American drive-through coffee chain known for its quick-service model and community-focused brand. Founded in 1992 by brothers Dane and Travis Boersma in Grants Pass, Oregon, the company began as a single coffee stand and has since expanded its footprint across numerous U.S. markets. Dutch Bros specializes in handcrafted espresso drinks, drip coffee, cold brew, energy drinks, smoothies, teas, and a variety of signature “Dutch Freeze” and “Dutch Frost” blended beverages.

The company operates a mix of company-owned and franchised locations, placing a strong emphasis on speed and customer engagement.