Dutch Bros Inc. announced on August 5 an agreement to acquire the real estate and site assets of up to 65 Salad and Go drive-thru locations across Arizona, Nevada, Oklahoma, and Texas, with the transaction slated to close in the third quarter of 2026 and conversions into operational shops planned throughout 2027. The asset acquisition comes alongside strong fiscal second-quarter 2026 financial results, as Dutch Bros generated total revenue of $550.9 million, up 32.5% year-over-year from $415.8 million, driven by 48 new shop openings and an 8.3% increase in company-operated same-shop sales. Net income climbed 34.5% to $51.61 million, while Adjusted EBITDA rose 27.8% to $113.7 million, and management raised its full-year 2026 outlook to revenue of $2.1 billion to $2.13 billion, systemwide same-shop sales growth of 5% to 6%, and Adjusted EBITDA of $385 million to $390 million. On August 6, DA Davidson lowered its price target on Dutch Bros to $85 from $90 while reiterating a Buy rating, citing a robust Q2 performance, an EBITDA beat, and raised guidance. Hedge fund sentiment showed a slight pullback in early 2026, with 50 hedge funds holding shares of Dutch Bros in Q1 2026, down from 61 in Q4 2025.
Dutch Bros IncAcquisition of Salad and Go sites plus strong Q2 results and raised guidance
