Dutch Bros price target raised to $36 from $30 at Guggenheim

Guggenheim raised the firm’s price target on Dutch Bros to $36 from $30 and keeps a Neutral rating on the shares. The firm, which is raising its 2025 adjusted EBITDA forecast to $213M from $199M, expects Dutch Brosto raise its same-store sales growth guidance to low-single to mid-single digits with its upcoming earnings print and raise EBITDA guidance for 2024, the analyst tells investors in a preview note.