Analyst Nick Setyan from Wedbush reiterated a Buy rating on Dutch Bros Inc (BROS – Research Report) and keeping the price target at $90.00.
Nick Setyan has given his Buy rating due to a combination of factors that suggest potential growth for Dutch Bros Inc. The company has demonstrated a stronger-than-expected same-store sales (SSS) growth in the first quarter, surpassing both the firm’s and consensus estimates. This performance indicates a positive trend that could continue to drive the company’s financial success.
Moreover, Dutch Bros Inc is poised for further growth through several strategic initiatives. These include ongoing menu innovation, enhanced paid media efforts, and the expansion of their rewards program and mobile ordering capabilities. Additionally, the company is focusing on improving throughput by optimizing labor and technology, which could increase customer volume during peak hours. The planned rollout of new food items in 2026 also presents an opportunity for increased sales, as food currently represents a small portion of their offerings compared to competitors. These factors collectively support the optimistic outlook reflected in the Buy rating.
In another report released yesterday, Stifel Nicolaus also maintained a Buy rating on the stock with a $85.00 price target.