Market Cap
$6.7B
BROS
Dutch Bros Inc.
$38.83 ▲ +0.56%
Prev close $38.61Market cap$6.7B
ConsensusStrong Buy
12-mo target$73.83 (+90.2%)
▲ Bullish
Analyst conviction 9/10
Insider Selling Cluster (4 insiders)31 New Institutional Positions19 Institutional Exits Consumer & Retail
Snapshot
The big-picture read on BROS right now — valuation, ownership and activity at a glance.
Cap Size
Mid Cap
Analyst Consensus
Strong Buy (94%)
Inst. Holders
50 funds
Inst. Value
$6.9B
Inst. Activity
31 buys / 19 sells
Insider Activity
$205.5K buy / $359.3M sell
Insider Net $
-$359.1M
Social Sentiment
47° Neutral
SEC Reports
4
Price chart 30d -19.3%
Daily candles (open–high–low–close) with volume. Green = up day, red = down day.
No data for this timeframe.
Vol
Recent activity
The latest filings, insider trades, analyst actions, press and options flow — newest first.
Oct 1, 2026 short_volume
Short Volume: BROS — 65.7% short (1.3M / 1.9M)
Short: 1,278,067 | Exempt: 10,215 | TRF Vol: 1,945,852 | Short Ratio: 65.7% | Off-exchange volume (d
Aug 20, 2026 Insider
Maw Scott Harlan acquired via exercise 775 shares
Director
Aug 20, 2026 Insider
Penegor Todd Allan acquired via exercise 775 shares
Director
Aug 20, 2026 Insider
Cone C. David acquired via exercise 775 shares
Director
Jun 30, 2026 Inst.
FMR LLC — ADD
16,724,132 shares ($1.2B)
Jun 30, 2026 Inst.
Jun 12, 2026 SEC WELLINGTON MANAGEMENT GROUP LLP — ADD
3,090,882 shares ($222.0M)
Insider selling cluster: CEO Christine Barone ($2.5M) and Executive Chairman Travis Boersma (via entities, ~$107.6M) sol
CLUSTER — Impact 6/10
Five mega-passive institutional investors (BlackRock, State Street, Fidelity, Morgan Stanley, T. Rowe Price) collectivel
INST-CLUSTER — Impact 5/10
Analyst ratings buy % +6.8%
How Wall Street rates the stock today, and the latest firm-by-firm actions.
94% rate it Buy or better · 31 analysts
Recent analyst actions
| Date | Firm | Action | Rating | Firm rating |
|---|---|---|---|---|
| Oct 2, 2026 | Baird | MAINTAIN | Outperform | 54% |
| Sep 30, 2026 | Oppenheimer | MAINTAIN | Outperform | 52% |
| Sep 29, 2026 | JP Morgan | MAINTAIN | Overweight | 55% |
| Sep 28, 2026 | DA Davidson | MAINTAIN | Buy | 53% |
| Sep 18, 2026 | Melius Research | MAINTAIN | Buy | 59% |
| Sep 18, 2026 | TD Cowen | REITERATE | Buy | 56% |
| Sep 16, 2026 | Seaport Global | INITIATE | Buy | 51% |
| Sep 11, 2026 | TD Cowen | MAINTAIN | Buy | 56% |
| Aug 6, 2026 | DA Davidson | MAINTAIN | Buy | 53% |
| Aug 6, 2026 | RBC Capital | MAINTAIN | Outperform | 55% |
Monthly consensus history
| Period | Str. Buy | Buy | Hold | Sell | Str. Sell | Buy % | Distribution |
|---|---|---|---|---|---|---|---|
| Sep 1, 2026 | 12 | 17 | 2 | 0 | 0 | 94% | |
| Aug 1, 2026 | 12 | 17 | 2 | 0 | 0 | 94% | |
| Jul 1, 2026 | 11 | 18 | 2 | 0 | 0 | 94% | |
| Jun 1, 2026 | 12 | 17 | 2 | 0 | 0 | 94% | |
| May 1, 2026 | 11 | 18 | 2 | 0 | 0 | 94% | |
| Apr 1, 2026 | 11 | 17 | 2 | 0 | 0 | 93% | |
| Mar 1, 2026 | 10 | 14 | 3 | 0 | 0 | 89% | |
| Feb 1, 2026 | 10 | 14 | 3 | 0 | 0 | 89% |
Price targets
Where 24 covering analysts think BROS trades over the next 12 months.
$73.83 +90.2% upside Strong Buy
Current$38.82 Low$29.00 Median$76.50 High$95.00 24 analysts
$29.00$95.00
Analyst rating Strong Buy· 1.3/5 as of Oct 2, 2026
Social media sentiment mood -20.0%
Retail-investor mood aggregated across social media. 0° = very bearish, 100° = very bullish.
47°
Neutral
BearishNeutralBullish
Recent posts
Reports & filings
AI-scored summaries of recent SEC filings and press releases, with sentiment and impact.
4 SEC filing reports analyzed · 1 bullish, 1 bearish, 0 mixed, 2 neutral · avg impact 4.3/10.
BEARISHCLUSTER6/10
Insider selling cluster: CEO Christine Barone ($2.5M) and Executive Chairman Travis Boersma (via ent
Jun 12, 2026
BULLISHINST-CLUSTER5/10
Five mega-passive institutional investors (BlackRock, State Street, Fidelity, Morgan Stanley, T. Row
Jun 11, 2026
NEUTRALCLUSTER4/10
Dutch Bros insiders, including Executive Chairman Travis Boersma and affiliated entities, sold $30.6
May 29, 2026
NEUTRAL32/10
Scott Harlan Maw filed a Form 3 initial statement of beneficial ownership with the SEC on May 14, 20
May 15, 2026
Upcoming & catalyst events
Scheduled dates plus disclosed catalysts — earnings, dividends, enforcement, FDA and clinical-trial events. Colored dot = impact.
Oct 1, 2026
short_volume
Short Volume: BROS — 65.7% short (1.3M / 1.9M)
Short: 1,278,067 | Exempt: 10,215 | TRF Vol: 1,945,852 | Short Ratio: 65.7% | Off-exchange volume (dark pool + OTC)
Sep 30, 2026
short_volume
Short Volume: BROS — 64.6% short (1.9M / 2.9M)
Short: 1,890,635 | Exempt: 1,250 | TRF Vol: 2,928,453 | Short Ratio: 64.6% | Off-exchange volume (dark pool + OTC)
Sep 25, 2026
short_volume
Short Volume: BROS — 55.9% short (0.9M / 1.5M)
Short: 860,404 | Exempt: 4,616 | TRF Vol: 1,538,785 | Short Ratio: 55.9% | Off-exchange volume (dark pool + OTC)
Sep 24, 2026
short_volume
Short Volume: BROS — 58.6% short (0.8M / 1.4M)
Short: 841,654 | Exempt: 771 | TRF Vol: 1,436,321 | Short Ratio: 58.6% | Off-exchange volume (dark pool + OTC)
Sep 23, 2026
short_volume
Short Volume: BROS — 59.9% short (1.3M / 2.2M)
Short: 1,295,301 | Exempt: 0 | TRF Vol: 2,162,052 | Short Ratio: 59.9% | Off-exchange volume (dark pool + OTC)
Earnings estimates
Forecast earnings per share and revenue by period — and whether estimates are rising.
| Period | EPS Est. | Range | Growth | 30d Rev | Up/Dn | Revenue | # |
|---|---|---|---|---|---|---|---|
| Current Q | $0.24 | $0.20–$0.26 | 26.9% | +0.3% | 2↑ 5↓ | $0.5B | 13 |
| Next Q | $0.25 | $0.21–$0.28 | 46.4% | +1.6% | 9↑ 1↓ | $0.6B | 13 |
| Current FY | $0.98 | $0.93–$1.05 | 29.1% | +0.4% | 13↑ 0↓ | $2.1B | 14 |
| Next FY | $1.33 | $1.20–$1.54 | 36.0% | +1.5% | 10↑ 4↓ | $2.7B | 14 |
Current-quarter EPS estimate — revision history
| When | EPS estimate | Change vs now |
|---|---|---|
| Current | $0.241 | — |
| 7d ago | $0.240 | +0.001 |
| 30d ago | $0.240 | +0.001 |
| 60d ago | $0.249 | -0.008 |
| 90d ago | $0.249 | -0.007 |
Institutional ownership
Which big funds own BROS (from quarterly 13F filings) and who is adding or trimming.
50 institutional holders with $6.9B total value (96,389,205 shares) as of 2026-Q2. Top holders: MERCER, FMR, BlackRock,. Net buying activity: 31 institutions added/increased vs 19 reduced.
Top holders — 2026-Q2
| Fund | Shares | Value | % Tracked | Last move |
|---|---|---|---|---|
| MERCER GLOBAL ADVISORS INC /ADV | 100 | $0.00 | 0.0% | — |
| FMR LLC | 16,724,132 | $1.2B | 17.3% | ADD +74.8% |
| BlackRock, Inc. | 14,662,985 | $1.1B | 15.2% | — |
| VANGUARD CAPITAL MANAGEMENT LLC | 6,066,585 | $435.6M | 6.3% | — |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 5,938,536 | $426.4M | 6.2% | — |
| STATE STREET CORP | 3,851,321 | $276.6M | 4.0% | — |
| WELLINGTON MANAGEMENT GROUP LLP | 3,090,882 | $222.0M | 3.2% | ADD +38.0% |
| BAILLIE GIFFORD & CO | 2,738,885 | $196.7M | 2.8% | — |
| GEODE CAPITAL MANAGEMENT, LLC | 2,483,555 | $178.4M | 2.6% | — |
| CITADEL ADVISORS LLC | 2,210,958 | $158.8M | 2.3% | — |
Recent position changes
| Fund | Action | Prev | Current | Change | Value |
|---|---|---|---|---|---|
| FMR LLC | ADD | 9,566,397 | 16,724,132 | +74.8% | $1.2B |
| WELLINGTON MANAGEMENT GROUP LLP | ADD | 2,239,807 | 3,090,882 | +38.0% | $222.0M |
| 1832 Asset Management L.P. | ADD | 1,030,300 | 2,011,800 | +95.3% | $144.5M |
| AMERICAN CENTURY COMPANIES INC | ADD | 1,327,374 | 1,716,097 | +29.3% | $123.2M |
| MARSHALL WACE, LLP | TRIM | 2,593,857 | 1,459,562 | -43.7% | $104.8M |
| JANE STREET GROUP, LLC | DOUBLED | 241,616 | 1,186,470 | +391.1% | $85.2M |
| UBS Group AG | TRIM | 4,025,628 | 1,135,138 | -71.8% | $81.5M |
| DRIEHAUS CAPITAL MANAGEMENT LLC | NEW | — | 1,109,974 | — | $79.7M |
| NORGES BANK | NEW | — | 1,027,033 | — | $73.8M |
| CONGRESS ASSET MANAGEMENT CO | DOUBLED | 217,115 | 648,457 | +198.7% | $46.6M |
Insider activity
Buying and selling by company executives and directors (SEC Form 4).
12 insiders, 50 transactions. Net -$359.1M — $205.5K bought, $359.3M sold.
| Date | Insider | Title | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| Aug 20, 2026 | Maw Scott Harlan | Director | EXERCISE | 775 | — | — |
| Aug 20, 2026 | Penegor Todd Allan | Director | EXERCISE | 775 | — | — |
| Aug 20, 2026 | Cone C. David | Director | EXERCISE | 775 | — | — |
| Aug 20, 2026 | MARCHISOTTO KORY | Director | EXERCISE | 775 | — | — |
| Aug 20, 2026 | Miller Ann M | Director | EXERCISE | 775 | — | — |
| Aug 20, 2026 | Hart Gerard Johan | Director | EXERCISE | 775 | — | — |
| Aug 20, 2026 | Gillett Stephen | Director | EXERCISE | 775 | — | — |
| Aug 13, 2026 | Penegor Todd Allan | Director | BUY | 2,000 | $51.56 | $103.1K |
| Jul 1, 2026 | DAVILA TANA | Chief Marketing Officer | EXERCISE | 5,655 | — | — |
| Jul 1, 2026 | DAVILA TANA | Chief Marketing Officer | EXERCISE | 8,787 | — | — |
Short interest & halts
FINRA semi-monthly short positions, Reg SHO threshold status, and recent trading halts for BROS.
Shares short
16,413,424
Settlement Sep 15, 2026
Change vs prior
-4.2%
Semi-monthly cycle
Days to cover
3.9
At avg daily volume
Of shares outstanding
≈9.4%
Estimate — not % of float
All BROS filing & press-release reports (4)
- CLUSTER reportJun 12, 2026
- INST-CLUSTER reportJun 11, 2026
- CLUSTER reportMay 29, 2026
- 3 reportMay 15, 2026