BROS

Dutch Bros Inc.
NYSEUSDEQUITY Consumer Cyclical DELAYED
Last price
39.12
▲ 0.89 (2.33%)
MARKET · —

Price

1D — H — L — Range — Vol —
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
38.45
Prev close
38.23
Day high
39.22
Day low
38.15
Volume
4.40M
Market cap
$6.85B
P/E (TTM)
52.78
52W range
37.40 – 74.02

Day trading desk

Current session · delayed
Gap from prior close
+0.58%
Prior close 38.23
VWAP
38.95
+0.45% from price
Relative volume
2.01×
Unusually busy
Session range
2.82%
38.15 – 39.22
Position in range
90%
Near session high
ATR (14D)
1.32
3.38% of price
Prior day high
39.06
PDH
Prior day low
37.42
PDL
Bid / ask spread
—
Quote not published
Session volume
7.86M
Avg 3.91M

VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.

Trailing performance

Price return · vs SPY
Returnvs SPY
1W
+2.52% +0.6%
1M
-16.14% -17.3%
3M
-39.84% -44.4%
6M
-26.34% -44.5%
YTD
-36.20% -50.4%
1Y
-22.73% -39.1%
3Y
+68.00% -14.3%
5Y
— —

Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.

Unusual options activity

Account required
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
Free account required

Contracts trading at or above their open interest, ranked by notional and where the print landed.

Free account

5 more panels on BROS open with an account.

Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.

Insider net activity

6m · Form 4 rollup
Net shares
+13.79M
Net buying
Buy transactions
21
19.83M shares
Sell transactions
10
6.04M shares
Net transactions
+31
Buys less sells
Sell : buy shares
0.3 : 1
Mixed
Insider-held shares
7.15M
Total on file
Bought 19.83MSold 6.04M

Insider transactions

Account required
DateInsiderAction SharesValueHeld
Aug 20, 26
MILLER ANN M
Director
— 775 — Direct
Aug 20, 26
HART GERARD JOHAN
Director
— 775 — Direct
Aug 20, 26
MAW SCOTT HARLAN
Director
— 775 — Direct
Aug 20, 26
GILLETT STEPHEN
Director
— 775 — Direct
Aug 20, 26
CONE C DAVID
Director
— 775 — Direct
Aug 20, 26
PENEGOR TODD ALLAN
Director
— 775 — Direct
Aug 20, 26
MARCHISOTTO KORY
Director
— 775 — Direct
Aug 13, 26
PENEGOR TODD ALLAN
Director
BUY 2.00K $103.12K Direct
Jul 1, 26
DAVILA TANA
Officer
— 14.44K — Direct
Jun 11, 26
DM TRUST AGGREGATOR, LLC
Beneficial Owner of more than 10% of a Class of Security
SELL 977.89K $60.34M Direct
Jun 11, 26
BOERSMA TRAVIS
Officer, Director and Beneficial Owner
SELL 1.50M $92.56M Indirect
Jun 11, 26
DM INDIVIDUAL AGGREGATOR, LLC
Beneficial Owner of more than 10% of a Class of Security
SELL 522.11K $32.21M Direct
Jun 10, 26
BARONE CHRISTINE
Chief Executive Officer
SELL 42.03K $2.53M Direct
Jun 1, 26
DM TRUST AGGREGATOR, LLC
Beneficial Owner of more than 10% of a Class of Security
SELL 488.94K $28.49M Direct
What this is, and what it is not

These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.

A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.

This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.

Free account required

Officer and director trades in their own stock, straight from Form 4 filings.

Insider holders

10 reporting
NameRelationShares heldLatest
BARONE CHRISTINE
Chief Executive Officer 44.57K Sale
BOERSMA TRAVIS
Officer, Director and Beneficial Owner — Sale
DAVILA TANA
Officer 26.09K Conversion of Exercise of derivative security
DAVIS THOMAS JAMES
Director 14.12K Conversion of Exercise of derivative security
DM INDIVIDUAL AGGREGATOR, LLC
Beneficial Owner of more than 10% of a Class of Security 2.41M Sale
DM TRUST AGGREGATOR, LLC
Beneficial Owner of more than 10% of a Class of Security 4.51M Sale
GEORGE KATHRYN
Director 14.12K Conversion of Exercise of derivative security
GILLETT STEPHEN
Director 19.28K Conversion of Exercise of derivative security
GUENSER JOSHUA J
Chief Financial Officer 30.26K Conversion of Exercise of derivative security
TULLETT VICTORIA J
Officer 26.23K Conversion of Exercise of derivative security

Fundamentals

TTM · reported
Market cap$6.85B
Enterprise value$6.50B
Revenue (TTM)$1.88B
Gross profit$472.44M
EBITDA$322.09M
Net income$92.37M
EPS (TTM)$0.74
Free cash flow$1.72M
Total cash$269.07M
Total debt$1.21B
Book value / share$5.79
Shares outstanding137.94M
Float130.18M
Short % of float39.78%
Dividend yield0.00%
Beta (5Y)2.31

Valuation & profitability ratios

Account required
Trailing P/E52.78
Forward P/E29.27
PEG ratio1.29
Price / sales—
Price / book6.75
EV / revenue3.46
EV / EBITDA20.19
Gross margin25.10%
Operating margin12.88%
Profit margin4.91%
Return on equity14.56%
Return on assets3.79%
Debt / equity123.83
Current ratio1.35
Free account required

Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.

Financial statements

As reported · 5 years · 6 quarters
Blank means not reported, not zero
Line item2025202420232022YoY
Total revenue $1.64B$1.28B$965.78M$739.01M +27.9%
Operating revenue $1.63B$1.28B$959.85M$739.01M +27.9%
Cost of revenue $1.21B$940.89M$714.48M$558.10M +29.0%
Gross profit $423.95M$340.13M$251.30M$180.92M +24.6%
Selling, general & admin $259.39M$232.76M$203.43M$183.53M +11.4%
Total operating expense $262.77M$234.04M$205.07M$183.53M +12.3%
Operating income $161.18M$106.09M$46.22M-$2.61M +51.9%
Net interest income -$28.30M-$27.02M-$32.32M-$18.02M -4.8%
Pre-tax income $135.62M$84.89M$16.92M-$16.65M +59.8%
Tax provision $18.35M$18.43M$6.97M$2.60M -0.5%
Net income $79.84M$35.26M$1.72M-$4.75M +126.5%
Net income to common $79.84M$35.26M$1.72M-$4.75M +126.5%
Basic EPS 0.640.340.03-0.09 +88.2%
Diluted EPS 0.640.340.03-0.09 +88.2%
EBIT $163.93M$111.91M$49.24M$1.36M +46.5%
EBITDA $279.06M$204.91M$118.38M$46.09M +36.2%
Basic shares 125.33M103.50M62.07M51.87M +21.1%
Diluted shares 125.76M104.13M62.07M51.87M +20.8%

Options analytics

Account required
Put / call volume
0.19
Call-heavy session
Put / call open interest
—
Positioning, not flow
Max pain
29.00
-25.8% from spot
ATM implied vol
0.0%
Nearest strike to spot
Skew (10% OTM)
0.0%
Calls bid over puts
Call volume
1.53K
Contracts, this expiry
Put volume
297
Contracts, this expiry
Heaviest call OI
34.00
0 contracts
Heaviest put OI
29.00
0 contracts

Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.

Free account required

Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.

Earnings

History & consensus estimates
Reported vs expected · EPS
QuarterEst.ActualSurprise
Jun 2026 0.300.33 +11.2%
Mar 2026 0.150.16 +3.3%
Dec 2025 0.100.17 +73.9%
Sep 2025 0.170.19 +11.5%
Forward consensus
PeriodEPSAnalystsRevenueGrowth
Current quarter 0.24 13 $548.38M +29.5%
Next quarter 0.25 13 $567.86M +28.0%
Current year 0.98 14 $2.13B +30.1%
Next year 1.33 14 $2.65B +24.4%

Analyst targets & ownership

Account required
Mean target$72.92
High target$95.00
Low target$29.00
Implied upside86.39%
Analyst count24
ConsensusSTRONG BUY
Strong buy / Buy4 / 21
Hold0
Sell / Strong sell0 / 1
Held by insiders5.18%
Held by institutions95.64%
Institutions holding689
Free account required

Price targets, consensus spread, insider and institutional ownership.

Moving averages & technicals

Computed from 2Y daily closes
SMA 10
38.38
+1.93% from price
SMA 20
40.08
-2.54% from price
SMA 50
48.07
-18.74% from price
SMA 100
55.34
-29.32% from price
SMA 200
55.34
-29.41% from price
EMA 12
39.20
-0.19% from price
EMA 26
42.01
-6.88% from price
EMA 50
46.61
-16.07% from price
RSI (14)
32.2
Neutral
MACD (12,26,9)
-2.82
Hist 0.50
ATR (14)
1.32
3.39% of price
Realised vol 30D
31.2%
Annualised
Bollinger upper
44.63
20, 2σ
Bollinger lower
35.53
20, 2σ
50 / 200 cross
Death
48.07 vs 55.34
Trend bias
Below 200
-29.41%

Options chain

Account required
Expiry
Spot 39.12
Calls
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Puts
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Free account required

Every listed expiry, both sides of the book, with volume, open interest and implied volatility.

Risk profile

Daily returns · 1Y window
Beta vs SPY
1.35
More volatile than market
Correlation to SPY
0.34
Loosely linked
Realised vol 30D
31.2%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-48.5%
Peak to trough
Max drawdown 5Y
-70.1%
Peak to trough
ATR 14
1.32
3.39% of price
Beta (reported)
2.31
5Y monthly, from filing

Short interest

Semi-monthly exchange report · lags by ~2 weeks
Shares short
16.41M
Prior 14.27M
Change vs prior
+15.0%
Shorts adding
% of float
39.78%
Heavily shorted
% of shares out
11.90%
Against total outstanding
Days to cover
4.2
Liquid
Float
130.18M
Freely tradeable shares

Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.

Rating changes

182 on file
DateFirm ActionFromTo
Oct 2, 26 Baird MAINTAINED Outperform Outperform
Sep 30, 26 Oppenheimer MAINTAINED Outperform Outperform
Sep 29, 26 JP Morgan MAINTAINED Overweight Overweight
Sep 28, 26 DA Davidson MAINTAINED Buy Buy
Sep 18, 26 Melius Research MAINTAINED Buy Buy
Sep 18, 26 TD Cowen MAINTAINED Buy Buy
Sep 16, 26 Seaport Global INITIATED — Buy
Sep 11, 26 TD Cowen MAINTAINED Buy Buy
Aug 6, 26 DA Davidson MAINTAINED Buy Buy
Aug 6, 26 RBC Capital MAINTAINED Outperform Outperform
Aug 6, 26 Stephens & Co. MAINTAINED Overweight Overweight
Jul 31, 26 Telsey Advisory Group MAINTAINED Outperform Outperform

Dividends & splits

Declared · from the issuer
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay date—
Last split—
Split date—

PRIVATE STRATEGY · BY QUALIFICATION

The same data. A different seat.

The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.