Dutch Bros' (BROS) is positioned to deliver further same-store-sales gains in 2026 despite rising competition, RBC Capital Markets said Friday in a report.
The firm estimates about 180 basis points of incremental same-store-sales growth this year and sees limited risk from rival expansion. Risk-reward looks more balanced heading into Q4 earnings, and the expanding food menu should provide an additional lift for the beverage company, the report said.
Dutch Bros' service model remains a key differentiator that could help limit any potential share losses, the report said.
RBC reiterated its outperform rating on Dutch Bros stock with a price target of $80.
Q4 results are due Feb. 12.
Price: 53.68, Change: -0.70, Percent Change: -1.28
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