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.