RBC Capital keeps an Outperform rating and $85 price target on Dutch Bros (BROS) after hosting its management team to discuss the company’s macro resiliency, food rollout, competition, pricing, marketing, and potential for new formats. The firm has come away with higher confidence in the durability of underlying comps growth and a better understanding of the beverage industry’s competitive dynamics and the company’s growth potential, the analyst tells investors in a research note.
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