Stifel analyst Chris O’Cull raised the firm’s price target on Dutch Bros (BROS) to $62 from $53 and keeps a Buy rating on the shares after the firm updated estimates for several restaurant companies based on mobile location data and recent channel checks. In addition, the firm reviewed several companies that are expected to present at the ICR Conference next week, telling investors in its note on the group that it believes Dutch Bros and Shake Shack (SHAK) are best positioned to deliver strong Q4 results.
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Read More on BROS:
- Dutch Bros upgraded to Overweight from Equal Weight at Barclays
- Dutch Bros upgraded to Outperform from Neutral at Baird
- Dutch Bros price target raised to $58 from $48 at JPMorgan
- Dutch Bros price target raised to $60 from $45 at Jefferies
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