Dutch Bros Inc. (BROS) PT Lowered to $52 at KeyBanc

KeyBanc analyst Christopher Carril lowered the price target on Dutch Bros Inc. (NYSE: BROS) to $52.00 (from $59.00) while maintaining a Overweight rating.

The analyst commented: "3Q Largely in Line, but Guidance Likely to Weigh on Shares NT; 3Q results were generally in the realm of expectations, including system-wide SSS of +4.4%. However, revised 2026 guidance—which pointed to the low end of prior SSS guidance, and EBITDA below the prior range—and concerns of moderating traffic weighed on shares in after-hours trading. While near-term debate will focus on whether guidance is conservative amid a still-uncertain consumer backdrop, we view results as still-supportive of the long-term outlook. Adjusting estimates post-3Q results (including 2026 EBITDA to $382M), and reduce our PT to $52 (from $59)."

You May Also Be Interested In

• Materion Corp. (MTRN) PT Lowered to $232; KeyBanc: 'We would be aggressive buyers'
• AppLovin Corp (APP) PT Raised to $355 at Piper Sandler
• McDonald's (MCD) PT Raised to $307 at KeyBanc