'Dutch Bros Inc. (BROS) Remains Our Best Idea for 2026'; PT Raised at TD Cowen

TD Cowen analyst Andrew Charles raised the price target on Dutch Bros Inc. (NYSE: BROS) to $73.00 (from $70.00) while maintaining a Buy rating.

The analyst commented: "Dutch Bros remains our best idea for 2026 as we estimate mobile ordering & an expanded food platform can drive a third consecutive year of MSD% same store sales or better in 2026, above the LSD% algorithm and 4.7% Consensus Metrix. The 4% sales lift from the expanded food platform disclosed by management alone could go a long way in achieving consensus' same store sales estimate. However, industry peer benchmarks (Black Rock Coffee Bar at 12.6% & Starbucks at 23% food mix of sales), our checks, and management's history of guiding conservatively all lead us to believe the 4% sales lift is likely to be exceeded. We therefore model 5.5% same store sales in 2026, and see more room for upside than downside."

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