What smart money is saying about Dutch Bros

Also mentioned · 1

These funds discuss Dutch Bros — as a competitor, benchmark or comparable — without disclosing a position in it.

• MentionedVoss Value Fund

  June 2026

  “e Professional Coffee segment, which includes La Marzocco and Eversys, is only 18% of revenue but contributes 34% of EBITDA (as of 1H 2026) as it carries ~30% EBITDA margins, and is growing materially faster than the company overall, posting its 5th consecutive quarter of 30%+ y/y revenue growth with Q2 2026 growth of 33%, an acceleration to 86% growth on a two-year basis.xxxvii is growth is broad based, coming across geographies as consumer preference for specialty coffee and espresso has expanded out from the early 2000s hubs of cities like Seattle, Portland and New York to Europe, Asia, and the Middle East, as well as second and third tier cities in the U.S. We believe the market is underappreciating the secular transformation underway — global premiumization and specialty coffee preferences driven by rising incomes, rapid cafe openings to meet this demand, and automation adoption to combat rising labor costs — all of which the Professional Coffee business DLG has built is perfectly positioned to benefit. Two U.S. customers alone — Dutch Bros (~1,000 planned new stores through 2029) xxxviii xxxix and Blackstone- backed 7 Brew (2,500+ locations under development agreements) — equip every location with two to three La Marzocco machines.”

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