SCHEDULE: FMR LLC Discloses Stake in Dutch Bros Inc.

FMR LLC and Abigail P. Johnson have reported a combined beneficial ownership of 10.7% in Dutch Bros Inc.'s Class A Common Stock as of April 30, 2026.

Summary

• FMR LLC and Abigail P. Johnson have filed a Schedule 13G, indicating their beneficial ownership of Dutch Bros Inc. Class A Common Stock.
• The filing, dated April 30, 2026, shows a combined beneficial ownership of 13,650,247.89 shares.
• This represents 10.7% of the total outstanding Class A Common Stock.
• FMR LLC is classified as a holding company (HC), and Abigail P. Johnson is classified as an investment advisor (IN).
• The filing confirms that the securities were acquired and are held in the ordinary course of business and not for the purpose of influencing control of the issuer.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, indicating substantial institutional investment without providing operational updates or forward-looking guidance from the company itself.

Positives

• Significant institutional ownership by FMR LLC and Abigail P. Johnson, indicating confidence in the company.
• The ownership stake of 10.7% suggests a substantial investment in Dutch Bros Inc.

Risks

• The filing does not contain specific risk factors related to Dutch Bros Inc. itself, as it is a disclosure of ownership by FMR LLC.
• Potential for future changes in FMR LLC's investment strategy could impact Dutch Bros Inc.'s stock.

Future Outlook

This filing is a disclosure of current ownership and does not contain forward-looking statements or guidance from Dutch Bros Inc. or the reporting persons regarding future performance.

Industry Context

StockSavvy.ai notes that significant filings like this Schedule 13G from major investment firms such as FMR LLC often signal sustained institutional interest or a strategic shift in holdings within the quick-service restaurant sector.

Stakeholder Impact

• Shareholders may view the increased institutional ownership as a positive sign of confidence in the company's long-term prospects.
• The substantial stake held by FMR LLC could influence corporate governance decisions if they choose to engage more actively.

Next Steps

• Monitor future filings from FMR LLC and Abigail P. Johnson for any changes in their beneficial ownership of Dutch Bros Inc. stock.
• Observe Dutch Bros Inc.'s operational and financial performance for insights into the company's strategy and growth.

Key Dates

Keywords

Dutch Bros Inc., FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Class A Common Stock, Investment, SEC Filing, Institutional Investor