Spinoffs & Takeovers Hotline – Friday, February 21, 2025
Article Excerpt
DUTCH BROS INC., $76.10, symbol BROS on New York, is an Oregon-based coffee chain with 982 locations in 18 states. Some 670 of those locations are company-owned; the rest are franchised outlets.
The stock surged this week after reporting its latest results.
Brothers Travis and Dane Boersma quit dairy farming in 1992 to set up a single espresso pushcart, with a stereo, by the railroad tracks in Grants Pass, Oregon. That business in the historic lumbering town would become today’s Dutch Brothers chain.
On September 17, 2021, the company used an IPO to sell 24.2 million shares at $23 a share for a total of $556.8 million. Dutch Bros stock closed up 59.5% on its first day of trading. Its shares fell to about $22 in September 2023, but are now up 256.2% from their IPO price.
Over the years Dutch Bros has gained something of a cult following among loyal customers calling themselves the “Dutch Mafia” and practicing “Dutch Luv.” The chain’s baristas…
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