Wedbush lowered the firm’s price target on Dutch Bros to $31 from $37 and keeps an Outperform rating on the shares. Near-term SSS growth and new unit volume challenges are well understood and 2023 AEBITDA guidance of $135M-$140M is realistic, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on BROS: