Dutch Bros Aims for 2,029 Stores by 2029 with Price Target of $76.95
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
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Source: Fool
- Market Performance: Since going public in September 2021, Dutch Bros has experienced significant stock volatility, with a remarkable 124% increase over the past two years, yet currently trades 27% below its peak, indicating mixed market sentiment regarding its future growth.
- Store Expansion Goals: Dutch Bros aims to open 2,029 stores by 2029, having currently established 1,081 locations, which, despite execution risks, highlights its potential within a total addressable market of 7,000 stores.
- Strong Financial Performance: As of Q3 2025, Dutch Bros reported a same-store sales growth of 5.7% and an overall revenue increase of 25.2%, with net income rising by 25.8%, showcasing its robust performance in a competitive coffee market.
- High Market Expectations: The market holds high expectations for Dutch Bros, with projections of 26% revenue growth and 32% earnings per share increase in 2026, although the current forward price-to-earnings ratio of 68.5 suggests a premium valuation reflecting investor optimism about its growth trajectory.
Analyst Views on BROS
Wall Street analysts forecast BROS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BROS is 76.64 USD with a low forecast of 63.00 USD and a high forecast of 85.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Analyst Rating
12 Buy
1 Hold
0 Sell
Strong Buy
Current: 61.140
Low
63.00
Averages
76.64
High
85.00
Current: 61.140
Low
63.00
Averages
76.64
High
85.00
About BROS
Dutch Bros Inc. is an operator and franchiser of drive-thru shops, which is focused on serving hand-crafted beverages. The Company sells a range of customizable hot, iced and blended beverages. Coffee-based beverages include handcraft espresso shots for both hot and cold custom classic and signature coffee beverages. It also sells proprietary coffee-based Freeze blended beverages and cold brew. Its Private Reserve coffee is a 100% Arabica three-bean blend, roasted by the Company in Grants Pass, Oregon or Melissa, Texas facilities. The Company has two segments: Company-operated shops, and Franchising and other. The Company-operated shops segment includes retail coffee shop sales to end consumers. The Franchising and other segment includes bean and product sales to franchise partners and includes the initial franchise fees, royalties, and marketing fees. It has approximately 1,101 shops, of which over 779 are operated by the Company and 322 are franchised, across 26 states.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
