Wells Fargo analyst Anthony Trainor maintained a Buy rating on Dutch Bros Inc (BROS – Research Report) yesterday and set a price target of $80.00.
Anthony Trainor has given his Buy rating due to a combination of factors including Dutch Bros Inc’s strong new store productivity and margin improvements, which have driven an earnings beat in the first quarter and led to an increased outlook for 2025. Despite a conservative guidance for the second quarter, the company’s impressive growth, especially when compared to its peers, and its effective execution in marketing, innovation, and digital initiatives provide a positive outlook.
Furthermore, the company’s revenue has exceeded expectations due to stronger new store productivity, and the guidance for the full year has been raised to the high end of the prior range. Initiatives such as mobile ordering and rewards programs have shown positive results, contributing to increased customer frequency and transaction percentages. These factors, combined with strategic initiatives and a solid catalyst path into 2026, underpin Trainor’s optimistic view on Dutch Bros Inc’s stock.