Dutch Bros Inc. (BROS) Positioned for Continued Same-Store Sales Momentum, Says Citi

We recently published an article titled 10 High Growth Food Stocks To Buy

On January 26, Citi initiated coverage of Dutch Bros Inc. (NYSE:BROS) with a Buy rating and an $82 price target. The firm highlighted the company’s proven ability to scale across the U.S. and noted that, beyond a multi-year brand awareness tailwind, additional same-store sales drivers are expected to support the investment thesis over the next 12 to 24 months. Citi added that Dutch Bros’ on-trend concept is well-positioned to gain market share despite its cautious outlook on the broader coffee-away-from-home category.

Operational momentum continued through the third quarter of 2025. During the company’s earnings call, management reported revenue of $424 million, representing a 25% year-over-year increase. Expansion remained a key growth driver, with Dutch Bros Inc. (NYSE:BROS) entering six new states in 2025, including five during the third quarter, bringing its footprint to 24 states with a total of 1,081 locations as of September 30, 2025. Looking ahead, the company outlined plans to reach 2,029 shops by 2029, with approximately 175 new locations projected for 2026.

Dutch Bros Inc. (NYSE:BROS) is a publicly traded drive-through coffee chain founded in 1992 and headquartered in Tempe, Arizona. With an average revenue growth of over 37% in the past three years, it stands third among the 10 high-growth food stocks to buy.

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