Oppenheimer starts ‘unique opportunity’ Dutch Bros with Outperform

Oppenheimer initiated coverage of Dutch Bros (BROS) with an Outperform rating and $72 price target The firm views Dutch as a “unique opportunity” in the restaurant group. The company has an “on-trend beverage brand with robust traffic drivers,” mid-teens unit growth, and an EBITDA algorithm of over 20%, the analyst tells investors in a research note. Oppenheimer says Dutch Bros’ same-store-sales growth has upside in 2026 and 2027 as its “company-specific catalysts take hold.” The market’s concerns regarding competition risks are overblown, contends the firm.