The Manufacturers Life Insurance Company Has $4.66 Million Stock Holdings in Dutch Bros Inc. $BROS

The Manufacturers Life Insurance Company boosted its holdings in shares of Dutch Bros Inc. (NYSE:BROS) by 193.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 91,944 shares of the company’s stock after purchasing an additional 60,599 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.05% of Dutch Bros worth $4,658,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in BROS. Engineers Gate Manager LP increased its position in Dutch Bros by 59.6% during the fourth quarter. Engineers Gate Manager LP now owns 513,525 shares of the company’s stock worth $31,438,000 after acquiring an additional 191,734 shares during the period. M&T Bank Corp boosted its holdings in Dutch Bros by 1,559.3% in the 4th quarter. M&T Bank Corp now owns 97,334 shares of the company’s stock valued at $5,959,000 after purchasing an additional 91,468 shares during the period. 1492 Capital Management LLC acquired a new stake in Dutch Bros in the 4th quarter worth $1,192,000. Independent Financial Group LLC acquired a new stake in Dutch Bros in the 1st quarter worth $1,164,000. Finally, Stephens Investment Management Group LLC increased its holdings in shares of Dutch Bros by 9.5% during the 1st quarter. Stephens Investment Management Group LLC now owns 333,057 shares of the company’s stock worth $16,873,000 after purchasing an additional 28,776 shares during the period. 85.54% of the stock is owned by institutional investors.

Insider Buying and Selling at Dutch Bros

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 261,055 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $63.02, for a total transaction of $16,451,686.10. Following the sale, the insider directly owned 2,410,800 shares of the company’s stock, valued at approximately $151,928,616. This represents a 9.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Travis Boersma sold 750,000 shares of Dutch Bros stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $63.02, for a total transaction of $47,265,000.00. Following the completion of the transaction, the chairman directly owned 2,410,800 shares of the company’s stock, valued at approximately $151,928,616. This trade represents a 23.73% decrease in their position. 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. Insiders sold 4,086,245 shares of company stock valued at $243,021,771 over the last three months. 38.90% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on BROS shares. Stephens restated an “overweight” rating and set a $80.00 price objective on shares of Dutch Bros in a research report on Thursday. Morgan Stanley lifted their price target on shares of Dutch Bros from $87.00 to $88.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. Piper Sandler boosted their price target on shares of Dutch Bros from $61.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, June 22nd. Citigroup restated a “buy” rating on shares of Dutch Bros in a research note on Thursday. Finally, Telsey Advisory Group raised their price objective on shares of Dutch Bros from $66.00 to $74.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $77.15.

Dutch Bros News Summary

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

• Positive Sentiment: Second-quarter results exceeded estimates. Dutch Bros reported adjusted earnings of $0.33 per share versus the $0.29 consensus, while revenue increased 32.5% year over year to $550.9 million, above estimates of approximately $525 million. Company-operated same-shop sales rose 8.3%. Dutch Bros Inc. Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Growth outlook remains robust. Management highlighted sustained traffic growth, new-store momentum and contributions from food and digital initiatives. Dutch Bros opened 48 shops during the quarter, including 44 company-operated locations, and raised its 2026 outlook to roughly $2.1 billion-$2.13 billion in revenue while maintaining an aggressive long-term expansion plan targeting 2,029 shops by 2029. Dutch Bros Q2 Earnings Call Highlights Traffic and Higher Guidance
• Positive Sentiment: Analysts remain constructive. Stephens reaffirmed its overweight rating with an $80 price target, while RBC maintained an outperform rating with a $70 target, indicating analysts still see substantial upside if execution continues. Analyst rating reports
• Neutral Sentiment: Dutch Bros plans to acquire Salad and Go real estate. The company has agreed to pay approximately $105 million for up to 65 shuttered locations across four states. The sites could accelerate store growth at potentially attractive costs, but the transaction also adds capital commitments and execution risk. Dutch Bros Strikes $105 Million Deal for Salad and Go Locations
• Negative Sentiment: Strong results were not strong enough for current expectations. Although Dutch Bros beat estimates and lifted guidance, the stock’s premium valuation leaves limited room for disappointment. Investors may also be questioning whether the Salad and Go purchase and rapid store expansion will pressure near-term returns, helping explain why the shares declined following the earnings release. Dutch Bros Beats Q2 Estimates, Raises Q3 Guidance

Dutch Bros Price Performance

NYSE BROS opened at $53.31 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. Dutch Bros Inc. has a 12-month low of $44.58 and a 12-month high of $74.65. The firm’s 50 day moving average is $65.01 and its 200-day moving average is $57.51. The company has a market capitalization of $9.31 billion, a PE ratio of 74.05, a price-to-earnings-growth ratio of 2.00 and a beta of 2.32.

Dutch Bros (NYSE:BROS) last released its earnings results on Wednesday, August 5th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.04. The business had revenue of $550.85 million for the quarter, compared to analyst estimates of $525.38 million. Dutch Bros had a return on equity of 10.23% and a net margin of 4.91%.Dutch Bros’s revenue was up 32.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.26 earnings per share. Equities research analysts anticipate that Dutch Bros Inc. will post 0.84 earnings per share for the current fiscal year.

Dutch Bros Profile

Dutch Bros Coffee, trading on the NYSE under the ticker BROS, is an American drive-through coffee chain known for its quick-service model and community-focused brand. Founded in 1992 by brothers Dane and Travis Boersma in Grants Pass, Oregon, the company began as a single coffee stand and has since expanded its footprint across numerous U.S. markets. Dutch Bros specializes in handcrafted espresso drinks, drip coffee, cold brew, energy drinks, smoothies, teas, and a variety of signature “Dutch Freeze” and “Dutch Frost” blended beverages.

The company operates a mix of company-owned and franchised locations, placing a strong emphasis on speed and customer engagement.