Try Alerts Free   |   Login
Consumer Discretionary › Retail-Eating & Drinking Places

BROS Price Correlated With Financials For Dutch Bros

Free historical financial statements for Dutch Bros Inc.. See how revenue, income, cash flow, and balance sheet financials have changed over 4 quarters since 2021. Compare with BROS stock chart to see long term trends.

BROS Stock Compared to Quarterly

BROS Income Statement

Revenue, Net:186381000
Revenue Per Share:3.6598
Cost of Goods & Services Sold:141370000
Selling, General & Admin Expense:42342000
Total Operating Expenses:183712000
Operating Income:2669000
Income Taxes:885000
Net Income:-1751000
Earnings Per Share, Basic:-0.02
Shares Outstanding, Basic Avg:50926000

BROS Cash Flow

Operating Activities Net Income:
Depreciation, Depletion & Amortization:10539000
Change in Accounts Receiveable:1200000
Net Cash from Operations:17469000
Net Cash from Operations Per Share:0.343
Net Cash from Financing Activities:19682000
Property, Plant & Equipment Purchases:43874000
Purchases of Businesses, Net of Cash:0
Net Cash from Investing Activities:-42612000
Net Change in Cash & Equivalents:-5461000

BROS Balance Sheet

Cash and Cash Equivalents:21293000
Accounts Receivable, Net:14070000
Inventories:32854000
Total Current Assets:75267000
Property, Plant & Equipment, Net:290721000
Total Assets:949535000
Accounts Payable:22511000
Current Portion of Long-Term Debt:2606000
Total Short-Term Liabilities:139510000
Long Term Debt, Non-Current Portion:97461000
Total Liabilities:726298000

Insider Trading

 
Change
Value
Transaction
SEC Form 4
Gillett Stephen   Director
5,650 sh at $26
$148,661
Buy

Major Holders (from 13F filings)

Investment Type
Change
Value (x$1000)
increase or decrease
TSG Consumer Partners LP
59,465,503 sh
-5,000,000 sh
-8%
$3,286,658
$4,719
FMR LLC
4,864,992 sh
437,966 sh
10%
$268,888
$43,509
Vanguard Group Inc
1,778,992 sh
-26,130 sh
-1%
$98,325
$6,426
Franklin Resources Inc
1,542,364 sh
152,537 sh
11%
$85,247
$14,491
Alliancebernstein L.P.
1,395,233 sh
566,620 sh
68%
$77,115
$34,930
Federated Hermes, Inc.
800,000 sh
200,000 sh
33%
$44,216
$13,670
American Century Companies Inc
528,565 sh
170,180 sh
47%
$29,214
$10,969
Clearbridge Investments, LLC
516,394 sh
216,194 sh
72%
$28,541
$13,258
Lord, Abbett & Co. LLC
445,000 sh
290,182 sh
187%
$24,595
$16,713
Blackrock Inc.
340,347 sh
-14,075 sh
-4%
$18,811
$767
Nicholas Investment Partners, Lp
271,527 sh
271,527 sh
NEW
$15,007
$15,007
Becker Capital Management Inc
238,096 sh
101 sh
0%
$13,160
$1,044
Invesco Ltd.
232,818 sh
-667,508 sh
-74%
$12,868
-$32,968
Massachusetts Financial Services Co /Ma/
224,667 sh
-288,355 sh
-56%
$12,416
-$13,702
Geode Capital Management, LLC
205,309 sh
3,349 sh
2%
$11,347
$1,066
Morgan Stanley
204,712 sh
31,583 sh
18%
$11,314
$2,500
Miura Global Management, LLC
200,000 sh
200,000 sh
NEW
$11,054
$11,054
Pier Capital, LLC
196,938 sh
1,375 sh
1%
$10,885
$929
Blair William & Co
182,592 sh
147,673 sh
423%
$10,092
$8,314
Raymond James Financial Services Advisors, Inc.
143,450 sh
104,808 sh
271%
$7,928
$5,961
COMPANY PROFILE
NOTE 1 — Organization and Background

Business

Dutch Bros Inc. (the Company) is in the business of operating and franchising drive-thru coffee shops as well as the wholesale and distribution of coffee, coffee-related products and accessories. As of March 31, 2022, there were 572 shops in operation in 12 U.S. states, of which 310 were company-operated and 262 were franchised.

Organization

Dutch Bros Inc. was formed on June 4, 2021 as a Delaware corporation for the purpose of facilitating an IPO and other related transactions in order to carry on the business of Dutch Bros OpCo. The Company is the sole managing member of Dutch Bros OpCo and operates and controls all of the business and affairs of Dutch Bros OpCo. As a result, the Company consolidates the financial results of Dutch Bros OpCo and reports a non-controlling interest representing the economic interest in Dutch Bros OpCo held by the other members of Dutch Bros OpCo. The Company’s fiscal year end is December 31.

As of March 31, 2022, the Company held 100.0% of the voting interest and 32.8% of the economic interest of Dutch Bros OpCo. The Continuing Members held none of the voting interest and the remaining 67.2% of the economic interest of Dutch Bros OpCo.

Initial Public Offering

On September 17, 2021, the Company completed its IPO of approximately 24.2 million shares of Class A common stock at a public offering price of $23.00 per share, which included approximately 3.2 million shares issued pursuant to the exercise in full of the underwriters’ option to purchase additional shares. The Company received proceeds of approximately $520.8 million, net of offering costs. The proceeds were used to purchase approximately 10.9 million newly-issued Class A common units from Dutch Bros OpCo for approximately $234.4 million. The proceeds were also used to purchase approximately 11.7 million Class A common units from the Continuing Members for approximately $253.3 million, and approximately 1.6 million shares of Class D common stock from the Pre-IPO Blocker Holders for approximately $34.4 million.

Reorganization Transactions

In connection with the IPO, the Company completed the following transactions (the Reorganization Transactions):

• Amended and restated the Second Dutch Bros OpCo Agreement to, among other things, effect a recapitalization in which (i) the outstanding Common Units were converted into Class A common units paired with an equal number of either Class B voting units or Class C voting units, and (ii) the outstanding Profits Interest (PI) Units were converted into Class A common units.

• Amended and restated the Company’s certificate of incorporation to, among other things, authorize four classes of common stock.

• Acquired Class A common units and Class C voting units indirectly held by the Pre-IPO Blocker Holders in exchange for shares of Class D common stock.

• Pre-IPO Dutch Bros OpCo Unitholders’ contribution of Class A common units, Class B voting units, and Class C voting units to the Company in exchange for Class A common stock, Class B common stock, and Class C common stock, respectively.

• The Company’s designation as managing member of Dutch Bros OpCo. •Entered into two tax receivable agreements (Tax Receivable Agreements or TRAs), which provide for payment by Dutch Bros PubCo to the Continuing Members and the Pre-IPO Blocker Holders of 85% of the benefits, if any, that Dutch Bros PubCo would be deemed to realize (calculated using certain assumptions) as a result of certain tax attributes and benefits covered by the TRAs.

Data imported from Dutch Bros Inc. SEC filings. Check original filings before making any investment decision.