Cowen & Co. Maintains Outperform Rating for Dutch Bros: Here's What You Need To Know


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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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Posted In: Analyst RatingsBZI-AAR-UPDATE
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