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Grants Pass Today
By the People, for the People
Bank of Nova Scotia Boosts Stake in Dutch Bros Inc.
The Canadian bank increased its ownership in the fast-growing coffee chain by 28% in the third quarter.
Mar. 17, 2026 at 7:34am
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Bank of Nova Scotia, a major Canadian financial institution, boosted its position in Dutch Bros Inc. (NYSE:BROS) by 28.0% during the third quarter, according to a recent SEC filing. The bank now owns 542,155 shares of the coffee company's stock, worth an estimated $28.4 million as of the end of the quarter.
Why it matters
Dutch Bros has been one of the fastest-growing coffee chains in the U.S., rapidly expanding its footprint across multiple states. The increased investment by a large institutional investor like Bank of Nova Scotia signals confidence in the company's long-term prospects.
The details
According to the 13F filing, Bank of Nova Scotia acquired an additional 118,671 shares of Dutch Bros during the third quarter, increasing its total stake to 542,155 shares. This represents about 0.33% ownership in the company. The bank's increased investment comes as Dutch Bros has continued to grow its store count and revenue, though the stock has pulled back from its highs reached in 2022.
- Bank of Nova Scotia filed the 13F report disclosing the increased stake on March 17, 2026.
The players
Bank of Nova Scotia
A major Canadian financial institution and one of the largest banks in North America.
Dutch Bros Inc.
A fast-growing American drive-through coffee chain known for its quick service and community-focused brand.
The takeaway
Bank of Nova Scotia's increased investment in Dutch Bros signals that a major institutional investor sees long-term growth potential in the coffee chain, even as the stock has pulled back from its highs. This could be a positive sign for Dutch Bros' future expansion and performance.
