Dutch Bros Stock Is Hot. Analysts Like the Coffee Chain's Growth Prospects.

dutch bros stock is hot analysts like the coffee chains growth prospects

Sumary of Dutch Bros Stock Is Hot. Analysts Like the Coffee Chain's Growth Prospects.:

  • Maranie Staab/Bloomberg Shares of Dutch Bros were hot Monday after analysts said the drive-in coffee chain was poised for serious growth.
  • Dutch Bros went public in mid-September after being priced at $23 a share, above the marketed range.
  • Morgan initiated Dutch Bros at Overweight, with a December 2022 price target of $47. “We like this stock long-term, as we have a positive view on the brands’ growth prospects and the management’s ability to set and execute on the strategy,” wrote the analysts, led by John Ivankoe.
  • Analysts at Stifel Financial initiated coverage of Dutch Bros with a Buy rating and a 12-month price target of $52. “In our opinion, Dutch Bros’ impressive unit-level economics, expansion potential, and pace of development check all the boxes for a compelling restaurant growth investment,” Stifel wrote in a note Monday.

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