Dutch Bros Reports 8.3% Sales Growth, Opens 41 Stores, Raises 2026 Target
BROS•Last quarter, Dutch Bros posted an 8.3% jump in comparable restaurant sales and a 5.1% rise in customer traffic while opening 41 new stores and raising its 2026 store target to 185. UBS set an $85 price target and Cowen kept a Buy rating on the coffee chain.
1. Analyst Ratings and Price Targets
Cowen maintained its Buy rating on Dutch Bros, highlighting the company as a top small-to-mid-cap idea. UBS named Dutch Bros its leading restaurant sector pick and set an $85 price target, citing accelerating customer traffic and menu innovation.
2. Q1 Financial Performance
In the latest quarter, Dutch Bros achieved an 8.3% increase in comparable restaurant sales and a 5.1% rise in customer traffic, reflecting strong demand for its drive-thru coffee and energy drinks offerings.
3. Expansion Plans and Long-Term Goals
The chain opened 41 new stores in the first quarter, prompting management to raise its 2026 development goal to 185 sites. Leadership remains on track for a long-term target of 2,029 locations by 2029, underpinned by rapid market penetration.
