In a report issued on December 17, Andy Barish from Jefferies maintained a Buy rating on Dutch Bros Inc (BROS – Research Report), with a price target of $72.00. The company’s shares closed last Thursday at $52.14.
According to TipRanks.com, Barish is a 5-star analyst with an average return of 10.8% and a 57.9% success rate. Barish covers the Services sector, focusing on stocks such as First Watch Restaurant Group, Dave & Busters Entertainment, and Cheesecake Factory.
Currently, the analyst consensus on Dutch Bros Inc is a Strong Buy with an average price target of $70.13, a 34.3% upside from current levels. In a report issued on December 14, J.P. Morgan also maintained a Buy rating on the stock with a $58.00 price target.
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Dutch Bros Inc is a growing brand in the foodservice and restaurant industry in the United States. It has two operating segments. The company-operated shops segment, which is the key revenue driver, represents coffee shop sales to customers. The Franchising and other segment represents bean and product sales to franchisees and includes the initial franchise fees, royalties, marketing fees, and lease income.
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