SCHEDULE: FMR LLC Discloses 12.2% Stake in Dutch Bros Inc.

FMR LLC and Abigail P. Johnson have updated their Schedule 13G filing, reporting beneficial ownership of 16,724,132 shares, representing 12.2% of Dutch Bros Inc.'s Class A Common Stock as of June 30, 2026.

Summary

• FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, reporting their beneficial ownership of Dutch Bros Inc. Class A Common Stock.
• As of June 30, 2026, FMR LLC beneficially owns 16,724,132.03 shares, representing 12.2% of the class.
• Abigail P. Johnson also beneficially owns 16,724,132.03 shares, representing 12.2% of the class.
• FMR LLC is classified as an Investment Adviser (IA) and a Holding Company.
• Abigail P. Johnson is classified as an Insider (IN).

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral filing, primarily an update on beneficial ownership rather than a performance report.

Positives

• Significant institutional ownership by FMR LLC and Abigail P. Johnson indicates confidence in the company's long-term prospects.
• The filing confirms a substantial, stable ownership stake, which can be viewed positively by the market.

Negatives

• The filing does not contain financial performance data, making it difficult to assess the company's operational health.
• No specific strategic initiatives or operational updates are provided in this filing.

Risks

• The concentration of ownership by a single entity (FMR LLC and related parties) could potentially influence corporate decisions.
• Dependence on the investment strategies and decisions of FMR LLC and Abigail P. Johnson.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding future performance.

Management Comments

• FMR LLC and Abigail P. Johnson certify that the securities were acquired and are held in the ordinary course of business and were not acquired or held for the purpose of or with the effect of changing or influencing the control of the issuer.

Industry Context

StockSavvy.ai notes that significant institutional holdings, as reported in Schedule 13G filings, are common in the restaurant and consumer discretionary sectors. These filings provide transparency on major shareholders, which is crucial for market participants assessing stability and potential influence.

Related Party Transactions

• Abigail P. Johnson is a Director, Chairman, and CEO of FMR LLC. Members of the Johnson family are predominant owners of FMR LLC's voting shares and have a shareholders' voting agreement.

Stakeholder Impact

• Shareholders: The substantial stake held by FMR LLC and Abigail P. Johnson may indicate stability and long-term commitment, potentially influencing investor confidence.
• Management: The significant ownership by related parties may influence corporate governance and strategic decision-making.

Next Steps

• FMR LLC and Abigail P. Johnson will continue to report any changes in their beneficial ownership as required by SEC regulations.

Key Dates

Keywords

Dutch Bros Inc., Schedule 13G, FMR LLC, Abigail P. Johnson, Beneficial Ownership, Class A Common Stock, Investment Adviser, Holding Company