Gordon Haskett Initiates Coverage on Dutch Bros (NYSE:BROS)

Posted by Francis Steltz on Nov 7th, 2026

Equities researchers at Gordon Haskett began coverage on shares of Dutch Bros (NYSE:BROS – Get Free Report) in a report released on Thursday, Zacks reports. The brokerage set a “strong-buy” rating on the stock.

BROS has been the topic of a number of other research reports. Raymond James Financial set a $59.00 price objective on shares of Dutch Bros in a report on Friday, September 18th. Weiss Ratings cut shares of Dutch Bros from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, October 23rd. Morgan Stanley cut their price objective on shares of Dutch Bros from $88.00 to $71.00 and set an “overweight” rating on the stock in a research report on Thursday, October 15th. Seaport Research Partners assumed coverage on Dutch Bros in a research note on Wednesday, September 16th. They set a “buy” rating and a $50.00 target price for the company. Finally, KeyCorp dropped their target price on Dutch Bros from $59.00 to $52.00 and set an “overweight” rating on the stock in a research report on Thursday. Two analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Dutch Bros presently has an average rating of “Moderate Buy” and an average target price of $61.62.

Get Our Latest Analysis on Dutch Bros

Dutch Bros Trading Down 2.2%

Shares of Dutch Bros stock opened at $33.81 on Thursday. The business’s 50 day moving average is $41.44 and its 200-day moving average is $52.88. Dutch Bros has a 12-month low of $33.17 and a 12-month high of $74.02. The company has a quick ratio of 1.19, a current ratio of 1.35 and a debt-to-equity ratio of 0.20. The stock has a market cap of $5.91 billion, a P/E ratio of 43.35, a P/E/G ratio of 1.37 and a beta of 1.97.

Dutch Bros (NYSE:BROS – Get Free Report) last posted its earnings results on Wednesday, November 4th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. The business had revenue of $549.84 million during the quarter, compared to analysts’ expectations of $548.27 million. Dutch Bros had a return on equity of 10.01% and a net margin of 4.91%. The firm’s revenue was up 29.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.19 earnings per share. Equities research analysts predict that Dutch Bros will post 0.88 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Dutch Bros news, Chairman Travis Boersma sold 1,032,216 shares of the business’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $44.73, for a total transaction of $46,171,021.68. Following the completion of the sale, the chairman owned 1,366,580 shares in the company, valued at $61,127,123.40. The trade was a 43.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Dm Individual Aggregator, Llc sold 359,284 shares of the stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $44.73, for a total transaction of $16,070,773.32. Following the completion of the sale, the insider owned 1,366,580 shares in the company, valued at $61,127,123.40. This represents a 20.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 4,044,220 shares of company stock valued at $179,732,644. 38.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Wellington Management Group LLP raised its holdings in shares of Dutch Bros by 38.0% during the 2nd quarter. Wellington Management Group LLP now owns 3,090,882 shares of the company’s stock worth $221,956,000 after acquiring an additional 851,075 shares during the period. Bank of America Corp DE increased its position in shares of Dutch Bros by 33.4% during the first quarter. Bank of America Corp DE now owns 1,814,815 shares of the company’s stock worth $91,939,000 after acquiring an additional 454,036 shares in the last quarter. Wasatch Advisors LP lifted its stake in Dutch Bros by 17.8% in the second quarter. Wasatch Advisors LP now owns 1,038,903 shares of the company’s stock worth $74,604,000 after purchasing an additional 157,098 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Dutch Bros by 3.2% during the first quarter. Dimensional Fund Advisors LP now owns 1,204,326 shares of the company’s stock valued at $60,994,000 after buying an additional 37,683 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Dutch Bros by 58.1% during the first quarter. Bank of New York Mellon Corp now owns 1,044,545 shares of the company’s stock valued at $52,917,000 after buying an additional 384,011 shares during the period. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Key Headlines Impacting Dutch Bros

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

Positive Sentiment: Q3 revenue rose about 30% year over year to roughly $550 million, narrowly beating estimates, while earnings of $0.25 per share topped the $0.24 consensus. Dutch Bros Q3 earnings and revenues
Positive Sentiment: The company plans approximately 250 system shop openings in 2027, supporting its longer-term expansion plans. Dutch Bros: 3 key takeaways
Positive Sentiment: Citigroup lowered its price target to $64 but maintained a Buy rating; a separate analysis argues BROS may be undervalued after the results. Dutch Bros could be undervalued
Neutral Sentiment: Dutch Bros unveiled its 2026 holiday menu, a product update that could support customer interest but is not yet shown to materially change the outlook. Dutch Bros unveils 2026 holiday menu
Negative Sentiment: Investors focused on slowing Q3 traffic and a reduced EBITDA forecast, along with a cautious outlook for sales growth. Those concerns outweighed the quarterly earnings beat and drove a sharp post-results selloff. Shares drop as sales growth slows and EBITDA forecast is reduced
Negative Sentiment: Several analysts cut price targets after the report, including RBC to $38 and Oppenheimer and BNP Paribas Exane to $54, reflecting a more cautious near-term view. Analysts cut forecasts after Q3 results
Negative Sentiment: Chairman Travis Boersma and major shareholder DM Individual Aggregator sold substantial shareholdings. The sales were under pre-arranged trading plans, but may still weigh on sentiment. Insider share sales

Dutch Bros Company Profile

(Get Free Report)

Dutch Bros Inc is a drive-thru beverage company that operates and franchises coffee shops across the United States. The company is known for its made-to-order drinks, fast service and community-focused brand.

Its menu includes hot, iced and blended coffee beverages, along with specialty drinks such as energy drinks, teas, lemonades, smoothies and other noncoffee refreshments. Dutch Bros also offers packaged products and branded merchandise through select locations and digital channels.

Dutch Bros was founded in 1992 in Grants Pass, Oregon, by brothers Dane and Travis Boersma.