Blurbs

Dutch Bros Inc (BROS) Receives a Buy from Robert W. Baird

Robert W. Baird analyst David Tarantino maintained a Buy rating on Dutch Bros Inc (BROSResearch Report) on February 7. The company’s shares closed last Monday at $51.28.

According to TipRanks.com, Tarantino is a 5-star analyst with an average return of 11.9% and a 67.0% success rate. Tarantino covers the Services sector, focusing on stocks such as Restaurant Brands International, Cheesecake Factory, and BJ’s Restaurants.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Dutch Bros Inc with a $63.25 average price target, representing a 22.8% upside. In a report released yesterday, Stifel Nicolaus also maintained a Buy rating on the stock.

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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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