Dutch Bros BROS
United StatesConsumer Cyclical · RestaurantsUSD
72.36 USD (+89.5%)
25 analysts
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Dutch Bros Inc. is a US drive-thru quick-service coffee chain, known for its customized coffee and energy drinks, operating mainly in the western US and growing through new company-owned and franchised store openings.
Key points
from its scores- ✓Strong growth8.9
- ✕Unfavourable risk and backdrop1.3
- ✕Little or no dividend1.5
- ✕Demanding valuation3.4
AI analysis
bottom line, main risk, context and newsGrowth justifies the multiple, but the demanding valuation and weak cash conversion (0.53) limit the margin of safety.
Dutch Bros shows very strong growth (revenue +32.5%, earnings +37.3%) that supports a high P/E of 53.0, with moderate financial health (ND/EBITDA 2.91) and limited moat quality (ROIC 10.91%, gross margin 25.1%).
The demanding valuation (P/E 53.0, FCF yield 0.03%) leaves little room for error if new store growth slows or if labor and food costs pressure the 12.88% operating margin.
Context and risks
Dutch Bros' coffee shop business is domestic, with moderate debt (ND/EBITDA 2.91) and no dependence on commodities or shipping routes.
Is Dutch Bros stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 137% above the Consumer Cyclical median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 53.0 | 17.8 | +197% |
| EV / EBITDA | 19.8 | 11.2 | +76% |
| Price / book | 6.6 | 2.9 | +130% |
| Price / sales | 3.6 | 1.3 | +183% |
Sector: median of the 228 Consumer Cyclical companies analysed. In bold, the multiples used for the comparison.
Valuation score: 3.4 out of 10 (median for Consumer Cyclical: 6.6).
Average analyst target: 72.36 USD, +89.5% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 4.0 (sector 5.7), Growth 8.9 (sector 5.9).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Consumer Cyclical medianValuation
- P/E
- 53.0
- Forward P/E
- 28.6
- EV / EBITDA
- 19.8
- Price / book
- 6.6
- Price / sales
- 3.6
- PEG
- 1.32
- Market cap
- 6.7B USD
- Enterprise value
- 6.4B USD
Profitability
- ROE
- 14.6%
- ROA
- 3.8%
- ROIC (approx.)
- 10.9%
- Gross margin
- 25.1%
- Operating margin
- 12.9%
- Net margin
- 4.9%
- Free cash flow
- 1.7M USD
- FCF yield
- 0.0%
- Cash conversion
- 1%
Solvency
- Total debt
- 1.2B USD
- Net debt
- 938.3M USD
- Cash
- 269.1M USD
- EBITDA
- 322.1M USD
- Net debt / EBITDA
- 2.91
- Debt / equity
- 123.83
- Current ratio
- 1.35
- Quick ratio
- 1.10
Growth
- Revenue growth
- +32.5%
- Earnings growth
- +37.3%
- EPS (TTM)
- 0.72 USD
- EPS (forward)
- 1.33 USD
Dividend
- Dividend yield
- 0.0%
- Payout
- 0.0%
Risk and market
- Beta
- 2.31
- Analyst consensus
- Strong buy (25)
- Target price
- 72.36 USD
- 52-week range
- 37.40 – 74.02
Recent news
All BROS news →Compare it with its sector
All 228 in Consumer Cyclical →Frequently asked questions about Dutch Bros
Is Dutch Bros stock cheap or expensive?
On P/E and EV / EBITDA, it trades 137% above the Consumer Cyclical median on average. Valuation score: 3.4 out of 10 (median for Consumer Cyclical: 6.6). Average analyst target: 72.36 USD, +89.5% versus the price. This is not investment advice.
What score does Dutch Bros get on MeridIAn Screener?
It scores 4.1 out of 10, rank 1,946 of 2,130 (better than 8% of the companies analysed). Its strongest category is Growth (8.9) and its weakest, Risk & Context (1.3). Analysis of 08/10/2026.
What is Dutch Bros's P/E ratio?
Its P/E is 53.0: the share price equals 53.0 times earnings per share over the last 12 months. The Consumer Cyclical median is 17.8. Based on the earnings analysts expect, the forward P/E is 28.6.
How much is Dutch Bros worth on the stock market?
Its market capitalisation is 6.7B USD and its enterprise value, debt included, is 6.4B USD.
How much debt does Dutch Bros have?
Its net debt (debt minus cash) is 938.3M USD. That is 2.91 times its EBITDA; the Consumer Cyclical median is 1.91.
Does Dutch Bros pay a dividend?
It pays no dividend, or almost none.
How has Dutch Bros stock performed over the last year?
It has fallen 21.9% over the last year, excluding dividends. Over the last 52 weeks it has traded between 37.40 and 74.02 USD. Past performance does not guarantee future results.
What do analysts think of Dutch Bros?
25 analysts cover it; their average recommendation is “Strong buy” and their average target is 72.36 USD (+89.5% versus the price). It is an estimate, not market data.