Why did Dutch Bros go public?
Every year the company holds its annual Drink one for Dane fundraiser for the Muscular Dystrophy Association in honor of the co-founder Dane Boersma, who died of Lou Gehrig's disease in 2009 at the age of 55. On September 15, 2021, Dutch Bros. held its IPO and began trading on the New York Stock Exchange with the ticker symbol "BROS".
What is the ticker symbol for Dutch Bros?
On September 15, 2021, Dutch Bros. held its IPO and began trading on the New York Stock Exchange with the ticker symbol "BROS". ^ "Dutch Bros Inc. Reports Third Quarter 2021 Financial Results". Dutch Bros. Retrieved 11 November 2021.
Is Dutch Bros Coffee publicly held?
Dutch Bros. Coffee is a publicly held drive-through coffee chain in the United States. It is headquartered in Grants Pass, Oregon, with company-owned and franchise locations expanding throughout the western United States. The company was founded on February 12, 1992 by Dane and Travis Boersma, brothers of Dutch descent, in Grants Pass, Oregon.
How much would a $3 billion IPO for Dutch Bros be worth?
Currently, a $3.3 billion valuation would value each of the company’s locations at around $7 million apiece. Of course, investors are pricing in much higher growth over the long term. The expectation is that Dutch Bros will be able to leverage the capital raised via this IPO to accelerate its growth.
Is Dutch Brothers publicly traded?
Dutch Bros shares (BROS) are listed on the NYSE and all prices are listed in US Dollars.
When did Dutch Bros become a publicly traded company?
September 15, 2021Dutch Bros Coffee went public September 15, 2021, with co-founder and Executive Chairman Travis Boersma doing the bell-ringing honors at the New York Stock Exchange.
What was Dutch Bros IPO price?
$23 per share“When a great company like Dutch Bros has a super-hyped IPO and the stock explodes higher because people like the product so much, you've got to keep the bat on the shoulder,” the “Mad Money” host said, alluding to the fact Dutch Bros. priced its IPO at $23 per share and its stock closed Thursday at $53.
Is Dutch Bros privately held or publicly traded?
Coffee is a publicly held drive-through coffee chain in the United States. It is headquartered in Grants Pass, Oregon, with company-owned and franchise locations expanding throughout the western United States. U.S.
Is Dutch Bros worth investing in?
The company opened up 98 stores in 2021 and has guided for another 125 in 2022. Meanwhile, same-store sales are picking up momentum coming out of COVID-19, growing 8.4% year over year (YOY) in 2021. And overall revenue jumped 52% in 2021, higher than the company's 39% average over the past four years.
What did IPO BROS?
UPDATE: Sept. 7, 2021: Dutch Bros Coffee on Tuesday set terms for its initial public offering, targeting a valuation of more than $3.3 billion. The coffee chain plans to raise more than $421 million in its IPO and will offer 21.1 million shares priced at $18 to $20 each.
How high will Dutch Bros stock go?
Dutch Bros Inc (NYSE:BROS) The 9 analysts offering 12-month price forecasts for Dutch Bros Inc have a median target of 35.00, with a high estimate of 64.00 and a low estimate of 25.00. The median estimate represents a -13.07% decrease from the last price of 40.26.
Is Dutch Bros a dividend stock?
DUTCH BROS Dividends FAQ DUTCH BROS (NYSE: BROS) does not pay a dividend.
Is Dutch Bros a profitable company?
Dutch Bros is showing signs that its business model is profitable already. The company's net income was a negative $117 million in Q3 2021, but that was due to stock-based compensation of $124.8 million related to the company's initial public offering (IPO).
How much does it cost to invest in Dutch Bros?
How much does Dutch Bros franchise cost? Dutch Bros has the franchise fee of up to $30,000, with a total initial investment range of $150,000 to $500,000. Initial Investment: $150,000 - $500,000.
How many shares of Dutch Bros are there?
Share StatisticsAvg Vol (3 month) 32.29MShares Outstanding 534.43MImplied Shares Outstanding 6N/AFloat 831.76M% Held by Insiders 114.91%7 more rows
How many Dutch Bros shops are there?
What is Dutch Bros?
According to the company's S-1 filing, as of June 30, there are 264 franchised shops, with 207 being company-operated. Back in 2008, the company made the decision to step selling franchises to anyone outside the existing Dutch Bros system, and grow using leaders within its franchise partners.
How much did Dutch Bros make in 2020?
Oregon-based coffee chain Dutch Bros ( BROS) tumbled sharply on Friday, taking a breather after a breathtaking post-initial public offering (IPO) that saw the stock post double-digit gains two days in a row.
What is Dutch Bros' energy drink?
In 2020, Dutch Bros reported $327.4 million dollars in revenue, compared to $186.0 million in 2018. The company also saw same-stores sales up 2 percent in 2020 despite the impact of the COVID-19 pandemic on the restaurant industry.
Why did Dutch Bros. re-release their solar viewers?
And Dutch Bros isn't just coffee. Unique to the brand is its Blue Rebel energy drink , which comes in an assortment of flavors like Electric Berry, Aftershock, Shark Attack, Double Rainbro and Peach. Customers can customize it themselves in a slushy type drink or as "straight up" energy.
Where is Dutch Bros Coffee located?
recalled free solar viewers it had distributed to customers, citing problems with the International Organization for Standardization certificate it had received from the viewers' manufacturers.
Who is the CEO of Dutch Bros?
Dutch Bros Coffee is the largest privately held drive-through coffee chain in the United States. It is headquartered in Grants Pass, Oregon, with company-owned and franchise locations expanding throughout the western United States.
Is it rare to go public with a coffee company?
Even with the influx of cash, Dutch Bros President and CEO Joth Ricci states that the company will continue the steady growth trajectory it set for itself, which includes adding more locations across the US. Ricci also states that Dutch Bros will be sticking with what works for them—drive-thru coffee—as opposed to adding “new categories like food” to their menu.
How many Dutch Brothers coffee locations are there?
A company going public and making a big opening day splash on Wall Street isn’t exactly rare. But when it’s an IPO for a coffee company, that’s a new one for me. And when that IPO makes the owner of the company a certified billionaire—with a B—well, that’s stratospheric. And that’s exactly what happened today with the coffee chain Dutch Bros making its public debut, making owner Travis Boersma a person of many commas.
Is Dutch Bros a public company?
They have been remarkably successful as they've been expanding. They originally had 254 locations in seven states going back about five, six years ago. That number is nearly double now, 471 locations in 11 states.
Dutch Bros Inc. to Host Fourth Quarter and Fiscal Year 2021 Conference Call and Webcast on March 1, 2022
In September, regional coffee chain Dutch Bros ( NYSE:BROS) went public in a wildly successful initial public offering ( IPO ). Not only did the stock pop over 60% in its first day of trading, it now trades roughly three times higher than where the IPO priced at $23 per share.
San Antonio-based Red Runner Coffee opening third local spot
GRANTS PASS, Ore., February 15, 2022--Dutch Bros Inc.
What is Dutch Bros?
The newest shop at 6238 FM 78 — about 3 miles north of Sea World San Antonio — joins the Walzem Road location. A third location of the chain at 10619 Culebra Road is also being built under the lead of San Antonio-based Waterman Construction. CEO Evan Smith said he's aiming for an April opening.
Where is Dutch Bros. located?
Dutch Bros Inc. is an operator and franchisor of drive-thru shops which focus on serving high QUALITY, hand-crafted beverages with unparalleled SPEED and superior SERVICE. Dutch Bros Inc. is based in GRANTS PASS, Ore.
What is the peg ratio of Dutch Bros?
Dutch Bros' mailing address is 110 SW 4TH STREET, GRANTS PASS OR, 97528 . The company can be reached via phone at 541-955-4700 or via email at [email protected].
When did Dutch Bros' quiet period end?
Dutch Bros has a PEG Ratio of 6.03. PEG Ratios above 1 indicate that a company could be overvalued.
Does Dutch Bros pay dividends?
Dutch Bros' quiet period expired on Monday, October 25th. Dutch Bros had issued 21,052,632 shares in its public offering on September 15th. The total size of the offering was $484,210,536 based on an initial share price of $23.00. During Dutch Bros' quiet period, insiders and underwriters involved in the IPO were restricted from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Now that the company's quiet period has ended, brokerages that served as underwriters are now able to initiate research on the company.
When did Dutch Bros go public?
Dutch Bros does not currently pay a dividend.
How did Dane Boersma die?
(AP) — After humble beginnings as a pushcart operation in an Oregon town and growing into a company with hundreds of drive-thru coffee shops, Dutch Bros Coffee launched an initial public offering Sept. 15 on the New York Stock Exchange.
Where is Boersma's pushcart?
Dane Boersma died of amyotrophic lateral sclerosis, called ALS and also known as Lou Gehrig’s disease, in 2009 at age 55.
Overview
History
Dutch Bros was founded on February 12, 1992 by Dane and Travis Boersma, brothers of Dutch descent, in Grants Pass, Oregon. Their family’s third-generation dairy farm had been struggling due to changes in environmental regulations, and the brothers were looking to start a new business. Travis Boersma suggested a coffee cart where they could sell espresso. Dane Boersma was able to help fin…
Business model
Dutch Bros operates as a chain. The vast majority of its stores are drive-thru stands. Each store sells hot and cold drinks, including non-coffee options, and a selection of baked goods.
The company started franchising in 1999. In 2008, Dutch Bros transitioned to an internal franchising model that required potential franchisees to have worked for the company for a minimum of three years. This resulted in a 97 percent continuity rate among franchises; betwee…
Operations
Dutch Bros is headquartered in Grants Pass, Oregon. It is majority-owned by Travis Boersma, who holds the title of executive chairman, and Joth Ricci is its President and CEO. The company operates approximately 500 stores across 12 states and employs about 16,500 people. In September 2021, Dutch Bros became a publicly traded company, selling 21 million shares for a total of $484 million.
Charitable efforts
Dutch Bros co-founder Dane Boersma died on October 15, 2009, after battling amyotrophic lateral sclerosis for more than five years. The Boersma family and Dutch Bros launched an annual fundraiser titled "Drink One for Dane" in 2005 as a way to increase awareness of the disease, raise support for those impacted, and fund research to find treatments and cures. Proceeds from the campaign are donated to the Muscular Dystrophy Association. As of 2021, Dutch Bros has raise…
See also
• Coffee portal
External links
• Official website
• Business data for Dutch Bros Inc: