Cowen & Co. has decided to maintain its Outperform rating of Dutch Bros BROS and lower its price target from $53.00 to $43.00.
Shares of Dutch Bros are trading up 15.45% over the last 24 hours, at $33.70 per share.
A move to $43.00 would account for a 27.6% increase from the current share price.
About Dutch Bros
Dutch Bros Inc is an operator and franchisor of drive-thru coffee shops that are focused on serving hand-crafted beverages. The company's hand-crafted beverage-focused lineup features hot and cold espresso-based beverages, cold brew coffee products, proprietary energy drinks, tea, lemonade, smoothies and other beverages. The company has two reportable operating segments company-operated shops and franchising and other.
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