Dutch Bros Inc. (BROS) Stock Analysis
Over the past 1 year, Dutch Bros (BROS) earnings per share (EPS) grew 37.1% a year, revenue grew 29.6% a year and free cash flow grew 30.4% a year, with a 10-year average return on invested capital (ROIC) of 1.9%. BROS stock trades at $38.05, a P/E of 44.8, below its historical average of 169.3. Analysts' average 12-month price target is $70.62 (+85.6%).
Dutch Bros Inc., in collaboration with its subsidiaries, operates and licenses drive-thru establishments throughout the United States. The company's business model is divided into two primary divisions: its directly owned and managed shops, and its franchising and other related ventures.
Exhibit A Growth Dossier
| Metric | 10yr | 5yr | 1yr | Grade |
|---|---|---|---|---|
| Book Value/Share GrowthBV/S | — | 27.2% | 18.0% | B+ |
| EPS GrowthEPS | — | — | 37.1% | C+ |
| Revenue GrowthRevenue | — | 38.0% | 29.6% | B+ |
| Cash Flow GrowthCash Flow | — | 33.2% | 30.4% | B+ |
| ROICROIC | 1.9% | -2.6% | 5.0% | C- |
Exhibit B Valuation Ledger
- Current EPS
- $0.85
- Historical Avg P/E
- 169.3
- Future P/E (used for sticker price)
- Projected EPS (10yr)
- Sticker Price (10yr)
- Price for 15% Annual Return
- Expected Annual Return
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Not investment advice — a structured read of historical fundamentals, not a forecast or recommendation. Always do your own research.
Exhibit C Raw Data (last 10 years)
| Metric | Trend | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Book Value / ShareBV/S | $1.67 | $1.63 | $2.06 | $2.49 | $5.87 | $4.68 | $5.41 | $5.92 | |
| Basic EPSEPS | $0.61 | $0.00 | -$0.28 | -$0.09 | $0.03 | $0.31 | $0.64 | $0.85 | |
| RevenueRevenue | $238,368,000 | $327,413,000 | $497,876,000 | $739,012,000 | $965,776,000 | $1,281,015,000 | $1,638,159,000 | $1,882,457,000 | |
| Free Cash FlowCash Flow | $17,237,000 | $12,974,000 | $-38,069,000 | $-127,997,000 | $-88,542,000 | $24,694,000 | $54,411,000 | $95,035,000 | |
| ROIC (%)ROIC | 21.6% | 4.1% | -22.7% | -0.2% | 1.6% | 3.5% | 5.0% | — |
The exact underlying data used to compute the growth rates and grades above. The highlighted TTM column is the trailing twelve months through the most recently reported quarter.
Ticker INVESTigator Price Target
Analyst Data
Price Target
Where the stock trades today vs. the range of 12-month price targets from covering analysts.
26 firms rate it — 25 buy, 1 hold · Most recent Oct 2026
BROS Stock FAQ
What is BROS's stock price target?
The average 12-month analyst price target for BROS is $70.62, with a range of $50.00 to $88.00. That is +85.6% from the current price of $38.05.
Do analysts rate BROS a buy?
Most rate it a buy. Of 26 firms covering Dutch Bros, the ratings are 25 buy or strong buy, 1 hold and 0 sell or strong sell.
How fast is Dutch Bros growing?
Annual growth rates for BROS. EPS: 37.1% over 1 year. Revenue: 38.0% over 5 years, 29.6% over 1 year. Free cash flow: 33.2% over 5 years, 30.4% over 1 year. Book value per share: 27.2% over 5 years, 18.0% over 1 year.
What is BROS's ROIC?
Dutch Bros' return on invested capital (ROIC) was 5.0% in fiscal 2025. Its 10-year average ROIC is 1.9%. ROIC above 10% is generally a sign of a business with a durable competitive advantage.
What is BROS's P/E ratio?
BROS's current P/E ratio is 44.8, compared with a historical average of 169.3. Trailing earnings per share are $0.85.
What is Dutch Bros' market cap and stock price?
BROS last traded at $38.05 as of October 11, 2026. Its 52-week range is $37.40 to $74.02. Dutch Bros has a market cap of $6.57B.
Exhibit D Related Coverage
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Data as of October 11, 2026. Findings are derived from historical fundamentals — not a forecast, not advice. Cross-examine before you invest.
Grades are produced by Ticker INVESTigator's own model from public financial data and are for informational and educational purposes only. They are not investment advice or a recommendation to buy or sell any security. Do your own research.