Jefferies analyst Andy Barish maintained a Buy rating on Dutch Bros Inc (BROS – Research Report) yesterday and set a price target of $82.00.
Andy Barish has given his Buy rating due to a combination of factors that highlight Dutch Bros Inc’s potential for growth and market expansion. The company has laid out a comprehensive plan during its Investor/Analyst day, showcasing unique brand attributes and operational models. This includes an expansion into consumer packaged goods (CPG) starting in 2026, which is expected to enhance brand awareness and potentially introduce new products. Additionally, Dutch Bros has updated its total addressable market (TAM) in the U.S. to over 7,000 units, indicating significant growth potential.
Furthermore, the company has demonstrated strong same-store sales growth, surpassing expectations, and has plans for further store openings. The introduction of new initiatives such as mobile order and pay (MOP), food offerings, and throughput improvements are expected to drive traffic and sales. Management’s strategic focus on these areas, along with a positive outlook on free cash flow starting in 2026, supports the long-term growth prospects of Dutch Bros, making it an attractive investment opportunity.
According to TipRanks, Barish is a 5-star analyst with an average return of 9.4% and a 55.53% success rate. Barish covers the Consumer Cyclical sector, focusing on stocks such as Starbucks, Dutch Bros Inc, and McDonald’s.