Shares of Dutch Bros jumped 7.7% in afternoon trading after DA Davidson raised its price target to $90 from $75 while maintaining a Buy rating, citing strong top-line momentum and the potential for second-quarter same-store sales to exceed guidance. The coffee chain also purchased 29 franchise stores in the Phoenix area and raised its full-year 2026 outlook, reinforcing confidence in its growth trajectory. Other Wall Street firms have turned more bullish, pointing to robust sales trends and momentum in mobile ordering and food.
Dutch Bros IncDA Davidson raised price target to $90 from $75, citing strong top-line momentum and potential for Q2 same-store sales to exceed guidance.