Dutch Bros Surges 8%, Boosted by $90 Analyst Price Target

Dutch Bros (BROS) shares closed nearly 8% higher on Friday, June 26. DA Davidson reiterated a Buy rating and raised its price target to $90 from $75.

Analysts expect second-quarter same-store sales to exceed the company's previous guidance. Dutch Bros recently completed the acquisition of 29 franchise locations. The coffee chain also increased its financial outlook for the full year.