Dutch Bros among RBC Capital’s favorite names in Restaurant names

RBC Capital keeps an Outperform rating and $85 price target on Dutch Bros (BROS) but says the stock is among the firm’s favorite names in Restaurants. The firm is modeling in-line SSS growth for Q3 at 4.0%, but also believes there’s potential for a beat as the company’s demand is more resilient to macro headwinds than most names in its coverage given differentiated customer experience and menu that is challenging to consumers to replicate elsewhere, the analyst tells investors in a research note.