Dutch Bros (NYSE:BROS) just garnered an upvote on Wall Street. Telsey initiated coverage of Dutch Bros stock with an Outperform rating and a $66 price target. With shares currently trading around $56, this initiation signals that at least one major research firm sees meaningful room to run for this fast-growing drive-through beverage chain.
Is Dutch Bros the next Starbucks (NASDAQ:SBUX)? It’s a bold comparison, but the underlying numbers are hard to dismiss.
This post originally appeared at 24/7 Wall St.