Who Owns Dutch Bros?
Shareholders. Dutch Bros has been a public company since its 2021 stock market debut, and co-founder Travis Boersma, once the owner of more than 40 percent, has since sold most of his shares.
It is not owned by McDonald’s, Starbucks or any other restaurant company. That question comes up often, but there has never been an ownership link.
How ownership changed
| Stage | Ownership |
|---|---|
| 1992 | Founded by brothers Dane and Travis Boersma in Grants Pass, Oregon |
| 2009 | After Dane’s death, Travis leads the company |
| October 2018 | TSG Consumer Partners buys a minority stake when there are more than 300 shops in seven states |
| September 2021 | Dutch Bros lists on the New York Stock Exchange |
| 2025 | Travis Boersma sells most of his remaining shares but stays as executive chairman |
How the brothers got started, and where the name comes from, is in why is it called Dutch Bros.
The 2021 IPO
Dutch Bros went public on 15 September 2021, raising about 484 million dollars. The shares were priced at 23 dollars and closed their first day at 36.92, a gain of about 61 percent.
At the time Travis Boersma held about 41 percent of the company, a stake worth around 2.3 billion dollars, which made him a billionaire. The company had 471 shops, 207 run by the company and 264 by franchisees, all in Western states.
Who owns it now
| Holder or role | Position |
|---|---|
| Public shareholders | Own the company, with no single majority owner |
| Vanguard | About 8.7 percent at the end of 2025 |
| BlackRock | About 5.7 percent at the end of 2025 |
| Travis Boersma | Co-founder and executive chairman, now with a small stake |
| Christine Barone | Chief executive since 2023, formerly chief executive of True Food Kitchen and an executive at Starbucks |
The company moved its headquarters from Grants Pass to the Phoenix area in 2025 and has grown to more than 1,000 shops in 24 states.
Is Dutch Bros owned by Starbucks or McDonald’s?
No. Dutch Bros is an independent public company and a direct competitor to Starbucks. It is now one of the largest coffee chains in the United States. Starbucks’ own story is covered in why Starbucks is so expensive, and Dutch Bros prices are on the Dutch Bros menu.
Related Questions
Who owns Dutch Bros?
Its shareholders. Dutch Bros is a public company listed on the New York Stock Exchange under the ticker BROS and has no majority owner. Fund managers such as Vanguard and BlackRock were among the largest holders at the end of 2025.
Does Travis Boersma still own Dutch Bros?
Only a small part. The co-founder held about 41 percent when the company went public in 2021 but sold most of his remaining shares in 2025. He remains executive chairman and is still involved with the company.
Who is the CEO of Dutch Bros?
Christine Barone, who became chief executive in 2023. She previously ran True Food Kitchen and spent years as an executive at Starbucks.
When did Dutch Bros go public?
On 15 September 2021, on the New York Stock Exchange. The IPO raised about 484 million dollars, and the shares rose about 61 percent on the first day of trading.
Is Dutch Bros owned by McDonald’s?
No. Dutch Bros has no ownership link to McDonald’s or any other restaurant company. It is an independent public company.
Is Dutch Bros a franchise?
Partly. Most new shops are run by the company, and Dutch Bros limits franchising largely to existing franchisees and its own employees. At its IPO, 264 of its 471 shops were franchised.
More on Dutch Bros
About this guide. USA Food Menu is an independent reference site and is not affiliated with Dutch Bros. Ownership figures come from company filings and published reporting and change as shares are traded. Current prices are on the Dutch Bros menu.
More Restaurant Guides
Who Owns In-N-Out Burger?
Lynsi Snyder, the granddaughter of founders Harry and Esther Snyder. She is the company’s president and has been its sole owner since 2017. In-N-Out has never…
Who Owns Five Guys?
The Murrell family. Jerry and Janie Murrell started Five Guys with their sons in 1986, and the family still owns and runs it. It is a private company that grows…
Who Owns Chili’s?
Brinker International, a Dallas based public company that also owns Maggiano’s Little Italy. Chili’s started as a single burger joint in Dallas in 1975 and has…