Even after today’s decline, Boersma remains a billionaire. Filings with the Securities and Exchange Commission show that he and “affiliated entities” own 64,724,563 class A shares in Dutch Bros. At $21.51 a share, where they traded late Wednesday, his holdings are worth $1.39 billion
How much is dutch bros net worth?
Dutch Bros net worth as of June 08, 2022 is $1.59B Dutch Bros Inc. is an operator and franchisor of drive-thru shops which focus on serving high QUALITY, hand-crafted beverages with unparalleled SPEED and superior SERVICE.
What is the owner of Dutch Bros worth?
At that level Dutch Bros. had a valuation of $5.6 billion and made travis boersma, 50, a billionaire with a $2.3 billion net worth.
Who owns Dutch Bros now?
And that’s exactly what happened today with the coffee chain Dutch Bros making its public debut, making owner Travis Boersma a person of many commas. We reported last month that the grants pass, oregon-based coffee company with nearly 500 locations across 11 states was going to go public some time in the near future.
How much did Dutch Bros sell for?
(Reuters) – Shares of Dutch Bros Inc, which is backed by private equity firm TSG, rose over 41% in their stock market debut on Wednesday, valuing the coffee chain at $5.36 billion Shares opened at $32.5, compared to the initial public offering price of $23 per share.
How much does the CEO of Dutch Bros make?
Boersma blends in seamlessly with the young franchisees, and is often clad in casual beachwear and Dutch Bros. memorabilia. Despite his great success, he pays himself a salary comparable to that of his franchisees, at $350,000.
Who is the CEO of dutch brothers?
Joth Ricci President & Chief Executive Officer Mr. Ricci is the President and CEO of Dutch Bros Coffee. Prior to joining Dutch Bros in January of 2019, he served as President and CEO of Adelsheim Vineyard, President of Stumptown Coffee Roasters, and CEO of Jones Soda Co.
How much money does a Dutch Bros make a year?
How Much Does Dutch Bros Make in Profit? A Dutch Bros store generated about $1.5+ million in revenue based on 2018 metrics. The average profit that a franchise owner can make annually is estimated at $124,000.
Who owns the most Dutch Bros stock?
Boersma is the company’s largest shareholder , with 71.4 million of Class A and B shares, according to the prospectus. TSG Consumer Partners, which acquired a minority stake in Dutch Bros in 2018, is the second largest shareholder, with a 31 percent stake worth nearly $1.9 billion, according to Forbes.
Is Dutch Bros owned by Starbucks?
It is majority-owned by Travis Boersma , who holds the title of executive chairman, and Joth Ricci is its President and CEO. The company operates approximately 500 stores across 12 states and employs about 16,500 people.
Is Dutch Bros cheaper than Starbucks?
A Dutch Bros medium is 24 ounces, which is actually the same size as a Starbucks Venti, and costs less than a Starbucks Tall , which means that it is cheaper and larger.
Who founded Dutch Bros?
Travis and dane boersma started Dutch Bros with a pushcart by the railroad tracks in Grants Pass, Oregon in 1992, after leaving the dairy industry, which had employed two generations of their Dutch-origin family before them.
Is Dutch Bros worth investing in?
The company opened up 98 stores in 2021 and has guided for another 125 in 2022. Meanwhile, same-store sales are picking up momentum coming out of COVID-19, growing 8.4% year over year (YOY) in 2021. And overall revenue jumped 52% in 2021, higher than the company’s 39% average over the past four years.
How many shares is Dutch Bros selling?
The IPO for Dutch Bros was priced Tuesday night at $23 a share, above the marketed range of $18 to $20. Dutch Bros sold more than 21 million Class A common shares in the offering, raising $484 million.
Does Dutch Bros take cash 2022?
We accept cash , all major credit cards and Dutch Bros gift cards, apple pay, Samsung Pay, Google Pay, Venmo, and PayPal! Be sure to check with your local shop to see if they accept personal checks!.
Why is Dutch Bros called Dutch?
Dutch Bros has been around since 1992, when it was founded by Dane and Travis Boersma, two brothers of Dutch ancestry , hence the name. Their family had a dairy farm, but was forced to downsize after three generations. The brothers bought an espresso machine, 100 pounds of bean and a pushcart.
Why is Dutch Bros so popular?
Dutch Bros is known for their friendly services There hasn’t been a time where I have seen an employee without a smile on their face. They always ask about your day and like to make small talk while you’re waiting for your drink. It makes the waiting go by very quickly!.
Who invested in Dutch Bros?
Private equity group TSG Consumer Partners originally invested in Dutch Bros in 2018, and will continue to own more than 65 million shares after the IPO, making it the second-largest shareholder after Boersma.
Why is Dutch Bro stock dropping?
The big driver of the decline was the company’s first-quarter 2022 earnings update , which was released after the close on May 11.