Dutch Bros price target raised to $31 from $29 at Barclays

Barclays analyst Jeffrey Bernstein raised the firm’s price target on Dutch Bros to $31 from $29 and keeps an Equal Weight rating on the shares. Restaurant comps were strong through Q4, albeit easing modestly in December, the analyst tells investors in a research note. And with the lap of omicron to start 2023, the sector’s resilience should prevail near term, adds the firm.