Dutch Bros (NYSE:BROS) Issues Earnings Results, Beats Estimates By $0.04 EPS

Dutch Bros (NYSE:BROS) released its quarterly earnings results on Wednesday. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04, FiscalAI reports. Dutch Bros had a return on equity of 9.42% and a net margin of 4.61%.The business had revenue of $550.85 million for the quarter, compared to the consensus estimate of $525.38 million. During the same quarter last year, the business posted $0.26 earnings per share. The company’s revenue for the quarter was up 32.5% on a year-over-year basis.

Here are the key takeaways from Dutch Bros’ conference call:

• Strong Q2 performance: Revenue rose 32% to $551 million, adjusted EBITDA increased 28% to $114 million, and adjusted EPS grew to $0.33 from $0.26. Company-operated same-shop sales rose 8.3%, including 3.4% transaction growth, while system same-shop sales increased 5.8%.
• Full-year guidance was raised: Dutch Bros now expects 2026 revenue of $2.10 billion-$2.13 billion, adjusted EBITDA of $385 million-$390 million, system same-shop sales growth of 5%-6%, and at least 185 new shop openings.
• Expansion momentum remains significant: The company opened 48 shops in Q2, has approximately 90% of the pipeline needed to reach 2,029 shops by 2029, completed its acquisition of 31 Phoenix-area locations, and agreed to acquire up to 65 Salad and Go sites for potential 2027 conversions.
• New sales drivers are gaining traction: The food program reached roughly 750 shops ahead of schedule, Myst Energy Refreshers increased the energy sales mix and will become a permanent menu item, while Dutch Rewards accounted for more than 73% of transactions and Order Ahead reached approximately 16% of transactions.
• Input and occupancy costs remain headwinds: Higher coffee costs, food-program expenses, and the shift toward build-to-suit leases are expected to create approximately 60 basis points of COGS pressure and contribute to roughly 20 basis points of adjusted EBITDA margin pressure in 2026.

Dutch Bros Stock Performance

Shares of BROS stock traded down $12.36 during trading hours on Thursday, reaching $53.31. The company had a trading volume of 14,318,935 shares, compared to its average volume of 4,280,273. The firm has a market cap of $9.31 billion, a PE ratio of 83.31, a price-to-earnings-growth ratio of 1.95 and a beta of 2.32. The business has a fifty day moving average price of $65.08 and a 200-day moving average price of $57.57. Dutch Bros has a one year low of $44.58 and a one year high of $74.65. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.19 and a current ratio of 1.33.

Wall Street Analysts Forecast Growth

BROS has been the topic of a number of recent research reports. Piper Sandler increased their price target on shares of Dutch Bros from $61.00 to $68.00 and gave the company a “neutral” rating in a research report on Monday, June 22nd. Citigroup reaffirmed a “buy” rating on shares of Dutch Bros in a report on Thursday. Freedom Capital upgraded Dutch Bros to a “strong-buy” rating in a report on Wednesday, July 1st. TD Cowen reiterated a “buy” rating and issued a $73.00 price target on shares of Dutch Bros in a research note on Wednesday, June 10th. Finally, Telsey Advisory Group raised their price objective on shares of Dutch Bros from $66.00 to $74.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $77.41.

More Dutch Bros News

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

• Positive Sentiment: Q2 results exceeded expectations. Dutch Bros reported adjusted earnings of $0.33 per share versus the $0.29 consensus estimate, while revenue increased 32.5% year over year to $550.9 million, ahead of expectations near $525 million. Company-operated same-shop sales rose 8.3%. Dutch Bros Inc. Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Management raised its 2026 outlook. Dutch Bros now projects approximately $2.1 billion to $2.13 billion in 2026 revenue, supported by traffic growth, new-store openings and digital initiatives. The company also continues to target 2,029 shops by 2029. Dutch Bros Q2 Earnings Beat Estimates
• Positive Sentiment: Expansion remains aggressive. The company opened 48 shops during the quarter, including 44 company-operated locations. Analysts remained constructive: Stephens reaffirmed an overweight rating with an $80 price target, while RBC maintained outperform with a $70 target. Dutch Bros Expansion News
• Neutral Sentiment: Dutch Bros agreed to acquire assets from Salad and Go. The proposed $105 million purchase covers as many as 65 shuttered locations across four states. The sites could accelerate store growth and provide real-estate opportunities, although the locations will require conversion and reopening investments. Dutch Bros Coffee to Buy Salad and Go
• Negative Sentiment: The stock’s decline indicates a “sell the news” reaction. Although earnings, comparable sales and guidance were strong, investors may have been disappointed that the outlook did not rise more substantially above expectations. With BROS trading at a high earnings multiple, the results left limited room for execution concerns or profit-taking.

Insiders Place Their Bets

In other news, major shareholder Dm Individual Aggregator, Llc sold 261,055 shares of the stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $63.02, for a total transaction of $16,451,686.10. Following the transaction, the insider directly owned 2,410,800 shares of the company’s stock, valued at $151,928,616. This represents a 9.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Travis Boersma sold 750,000 shares of Dutch Bros stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $63.02, for a total value of $47,265,000.00. Following the completion of the sale, the chairman directly owned 2,410,800 shares of the company’s stock, valued at $151,928,616. The trade was a 23.73% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 4,086,245 shares of company stock valued at $243,021,771. Company insiders own 38.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Osterweis Capital Management Inc. bought a new position in Dutch Bros in the 2nd quarter worth $27,000. Ankerstar Wealth LLC bought a new position in shares of Dutch Bros in the fourth quarter worth about $31,000. Rakuten Securities Inc. grew its stake in shares of Dutch Bros by 557.4% during the 2nd quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock valued at $31,000 after acquiring an additional 379 shares during the period. Quarry LP increased its holdings in Dutch Bros by 83.5% in the 4th quarter. Quarry LP now owns 600 shares of the company’s stock worth $37,000 after acquiring an additional 273 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in Dutch Bros by 129.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 635 shares of the company’s stock worth $39,000 after acquiring an additional 358 shares during the period. Hedge funds and other institutional investors own 85.54% of the company’s stock.

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.