Dutch Bros Inc. (BROS) Stock Rises on Q4 2025 Earnings

Dutch Bros Inc. (BROS) reported fourth-quarter 2025 results with the following highlights:

Revenue: $423.6 million (up 23.6% year-over-year).

Gross profit: $106.8 million (up 21.4% year-over-year).

Operating profit: $41.5 million (up 163.0% year-over-year).

Net income attributable to common shareholders: $17.5 million (up 384.4% year-over-year).

Diluted earnings per share: $0.14 (up 600.0% year-over-year).

Cash flow and balance sheet movement included:

Cash from operating activities: $89.1 million (up 43.2% year-over-year).

Capital expenditures (purchases of property, plant and equipment): $70.2 million (up 64.2% year-over-year).

Cash and cash equivalents: $267.2 million (down 8.9% year-over-year).

Total liabilities: $2.11 billion (up 21.5% year-over-year).

How results compared with expectations:

Reported diluted EPS of $0.14 beat the estimate of $0.10.

Reported revenue of $423.6 million missed the estimate of $433.2 million.

Additional operational notes and market reaction:

Cost of sales stood at $316.8 million (up 24.3% year-over-year), leaving a gross margin of roughly 25.2% for the quarter.

Shares reacted to the release, moving about 12.7% since market close.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Dutch Bros Inc. Insider Trading Activity

Dutch Bros Inc. insiders have traded $BROS stock on the open market 68 times in the past 6 months. Of those trades, 0 have been purchases and 68 have been sales.

Here’s a breakdown of recent trading of $BROS stock by insiders over the last 6 months:

TRAVIS BOERSMA (Executive Chairman of Board) has made 0 purchases and 34 sales selling 5,000,000 shares for an estimated $301,852,984.
TRUST AGGREGATOR, LLC DM has made 0 purchases and 17 sales selling 3,069,572 shares for an estimated $185,311,894.
INDIVIDUAL AGGREGATOR, LLC DM has made 0 purchases and 17 sales selling 1,930,428 shares for an estimated $116,541,090.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

Dutch Bros Inc. Hedge Fund Activity

We have seen 287 institutional investors add shares of Dutch Bros Inc. stock to their portfolio, and 238 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

PRICE T ROWE ASSOCIATES INC /MD/ added 3,185,156 shares (+1200.7%) to their portfolio in Q3 2025, for an estimated $166,711,065
D. E. SHAW & CO., INC. removed 2,528,309 shares (-59.8%) from their portfolio in Q3 2025, for an estimated $132,331,693
CITADEL ADVISORS LLC added 1,967,236 shares (+618.5%) to their portfolio in Q3 2025, for an estimated $102,965,132
WESTFIELD CAPITAL MANAGEMENT CO LP added 1,779,616 shares (+inf%) to their portfolio in Q4 2025, for an estimated $108,948,091
BALYASNY ASSET MANAGEMENT L.P. added 1,203,338 shares (+196.0%) to their portfolio in Q3 2025, for an estimated $62,982,710
UBS GROUP AG added 747,626 shares (+33.3%) to their portfolio in Q4 2025, for an estimated $45,769,663
VOYA INVESTMENT MANAGEMENT LLC added 720,637 shares (+2342.3%) to their portfolio in Q4 2025, for an estimated $44,117,397

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Dutch Bros Inc. Analyst Ratings

Wall Street analysts have issued reports on $BROS in the last several months. We have seen 8 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Keybanc issued a "Overweight" rating on 12/17/2025
Mizuho issued a "Outperform" rating on 12/04/2025
TD Cowen issued a "Buy" rating on 12/01/2025
Barclays issued a "Overweight" rating on 10/22/2025
Morgan Stanley issued a "Overweight" rating on 10/22/2025
Wells Fargo issued a "Overweight" rating on 10/16/2025
RBC Capital issued a "Outperform" rating on 09/24/2025

To track analyst ratings and price targets for Dutch Bros Inc., check out Quiver Quantitative's $BROS forecast page.

Dutch Bros Inc. Price Targets

Multiple analysts have issued price targets for $BROS recently. We have seen 12 analysts offer price targets for $BROS in the last 6 months, with a median target of $76.5.

Here are some recent targets:

Jon Tower from Citigroup set a target price of $82.0 on 01/26/2026
Brian Harbour from Morgan Stanley set a target price of $82.0 on 01/20/2026
Jeffrey Bernstein from Barclays set a target price of $76.0 on 01/07/2026
Eric Gonzalez from Keybanc set a target price of $77.0 on 12/17/2025
Nick Setyan from Mizuho set a target price of $80.0 on 12/04/2025
Logan Reich from RBC Capital set a target price of $80.0 on 12/03/2025
Andrew M. Charles from TD Cowen set a target price of $70.0 on 12/01/2025