Dutch Bros price target raised to $65 from $44 at UBS

UBS raised the firm’s price target on Dutch Bros (BROS) to $65 from $44 and keeps a Buy rating on the shares. Dutch Bros. shares remain attractive and positioned for further upside given leading unit development and a compelling catalyst path supporting strengthening same-store sales in 2025 and 2026, the analyst tells investors in a research note. The firm believes Dutch Bros. will deliver on its long-term growth algorithm of mid-teens going forward, supported by improving new store productivity and significant whitespace.