Barclays raised the firm’s price target on Dutch Bros (BROS) to $84 from $82 and keeps an Overweight rating on the shares. The firm adjusted price targets in the restaurant group as part of a Q2 update. Comp sales reaccelerated through the quarter, led by value offers, with casual dining leading and quick service lagging, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BROS:
- Rivian downgraded, PayPal upgraded: Wall Street’s top analyst calls
- Melius starts restaurants with Sells on McDonald’s and Starbucks
- Dutch Bros initiated with a Buy at Melius Research
- SBUX, PEP, BROS: U.S. Tariffs on Brazil Could Push Coffee and Orange Juice Prices Higher
- Promising Outlook for Dutch Bros Inc.: Buy Rating Backed by Strong Consumer Demand and Strategic Expansion