facebook pixal

Dutch Bros. Coffee

Financing

Amid market chaos, Dutch Bros stock takes off

The newly public coffee chain’s shares soared 19% even as stocks tumbled Monday amid growth concerns.

Financing

Why Dutch Bros believes going public makes it a better company

Wall Street gave the drive-thru coffee chain an enthusiastic reception on Wednesday. Company executives believe that will help them even more, says RB’s The Bottom Line.

The coffee chain’s shares priced at $23, well above its expected range and soared nearly 70% in its debut Wednesday.

Dutch Bros’ drive-thru coffee and First Watch’s “daytime dining” have upended their sectors and won over fans as investors looked in other directions, says RB’s The Bottom Line.

The drive-thru coffee chain set terms for its offering, which would give the company a valuation of over $3 billion.

The drive-thru coffee chain has been growing steadily with strong store-level profits and 14 straight years of same-store sales growth.

The drive-thru coffee chain, which is planning to go public, has grown quickly but not as quick as you’d think, says RB’s The Bottom Line.

The coffee chain said that it has confidentially filed documents for an initial public offering, the second restaurant chain to do so this year.

Sweetgreen is the latest chain reportedly considering an initial public offering. Dutch Bros and Torchy’s are both considering a similar move and Krispy Kreme has already filed, says RB’s The Bottom Line.

The company, backed by the private equity group TSG Consumer Partners, called a Bloomberg report of a potential offering this year “pure speculation.”

  • Page 1