Dutch Bros Inc.

NYSE:BROS Stock Report

Market Cap: US$8.8b

Dutch Bros Valuation

Is BROS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of BROS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: BROS ($48.81) is trading above our estimate of future cash flow value ($30.99)

Significantly Below Future Cash Flow Value: BROS is trading above our estimate of future cash flow value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BROS?

Key metric: As BROS is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for BROS. This is calculated by dividing BROS's market cap by their current earnings.
What is BROS's PE Ratio?
PE Ratio77.7x
EarningsUS$79.84m
Market CapUS$8.83b

Price to Earnings Ratio vs Peers

How does BROS's PE Ratio compare to its peers?

The above table shows the PE ratio for BROS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average35.9x
CAVA CAVA Group
59.2x10.20%US$7.9b
WING Wingstop
41.1x7.01%US$7.1b
EAT Brinker International
14.1x8.80%US$6.6b
TXRH Texas Roadhouse
29.2x11.32%US$12.1b
BROS Dutch Bros
77.7x24.70%US$8.8b

Price-To-Earnings vs Peers: BROS is expensive based on its Price-To-Earnings Ratio (77.7x) compared to the peer average (35.9x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does BROS's PE Ratio compare vs other companies in the US Hospitality Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
BYD Boyd Gaming
3.7x-64.14%US$6.65b
INSE Inspired Entertainment
3.9x-16.78%US$224.84m
MHGU Meritage Hospitality Group
4xn/aUS$20.57m
DHCC Diamondhead Casino
0.5xn/aUS$217.79k
No more companies available in this PE range
BROS 77.7xIndustry Avg. 22.2xNo. of Companies14PE01632486480+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BROS is expensive based on its Price-To-Earnings Ratio (77.7x) compared to the US Hospitality industry average (22.2x).

Price to Earnings Ratio vs Fair Ratio

What is BROS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BROS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio77.7x
Fair PE Ratio28.6x

Price-To-Earnings vs Fair Ratio: BROS is expensive based on its Price-To-Earnings Ratio (77.7x) compared to the estimated Fair Price-To-Earnings Ratio (28.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst BROS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$48.81
US$77.10
+57.96%
9.40%US$95.00US$63.00n/a20
Feb ’27US$54.39
US$77.10
+41.75%
9.47%US$95.00US$63.00n/a20
Jan ’27US$61.22
US$76.58
+25.09%
10.02%US$95.00US$63.00n/a19
Dec ’26US$59.36
US$75.61
+27.38%
10.52%US$95.00US$63.00n/a18
Nov ’26US$55.54
US$77.67
+39.84%
9.96%US$95.00US$65.00n/a18
Oct ’26US$51.53
US$82.82
+60.73%
7.47%US$95.00US$72.00n/a17
Sep ’26US$71.83
US$83.35
+16.04%
6.71%US$95.00US$73.00n/a17
Aug ’26US$56.71
US$79.88
+40.86%
8.12%US$95.00US$63.00n/a17
Jul ’26US$67.10
US$78.42
+16.87%
6.91%US$86.00US$63.00n/a17
Jun ’26US$72.20
US$78.01
+8.04%
6.82%US$83.00US$63.00n/a15
May ’26US$59.96
US$77.44
+29.15%
8.99%US$90.00US$66.00n/a14
Apr ’26US$61.35
US$82.36
+34.24%
8.32%US$94.00US$70.00n/a14
Mar ’26US$79.16
US$84.25
+6.43%
13.97%US$100.00US$54.00n/a12
Feb ’26US$62.52
US$63.33
+1.30%
10.44%US$72.00US$51.00US$54.3912
Jan ’26US$52.38
US$53.50
+2.14%
13.85%US$65.00US$38.00US$61.2212
Dec ’25US$53.73
US$50.42
-6.17%
12.19%US$61.00US$38.00US$59.3612
Nov ’25US$33.40
US$40.42
+21.01%
12.87%US$49.00US$31.00US$55.5412
Oct ’25US$32.16
US$40.42
+25.67%
12.87%US$49.00US$31.00US$51.5312
Sep ’25US$31.00
US$40.42
+30.38%
12.87%US$49.00US$31.00US$71.8312
Aug ’25US$37.99
US$41.50
+9.24%
12.27%US$50.00US$34.00US$56.7112
Jul ’25US$41.85
US$39.58
-5.42%
15.45%US$50.00US$30.00US$67.1012
Jun ’25US$35.39
US$38.50
+8.79%
12.52%US$46.00US$30.00US$72.2012
May ’25US$27.00
US$35.55
+31.65%
11.57%US$44.00US$30.00US$59.9613
Apr ’25US$32.94
US$35.85
+8.85%
13.45%US$48.00US$30.00US$61.3513
Mar ’25US$29.67
US$34.75
+17.12%
13.96%US$48.00US$30.00US$79.1612
Feb ’25US$27.15
US$34.25
+26.15%
13.75%US$48.00US$29.00US$62.5212
US$77.1
Fair Value
36.7% undervalued intrinsic discount
20
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/02/20 17:25
End of Day Share Price 2026/02/20 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Dutch Bros Inc. is covered by 27 analysts. 19 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David TarantinoBaird
Jeffrey BernsteinBarclays
Jeffrey BernsteinBarclays