Damo and UBS are optimistic about performance growth prospects Dutch Bros (BROS.US) closed up more than 7%

The Zhitong Finance App learned that Dutch Bros (BROS.US) shares closed up 7.67% to $70.45 on Monday. The share price has more than doubled in the past 12 months. Morgan Stanley and UBS made positive comments ahead of the company's Investor Day on Thursday.

Morgan Stanley gave Dutch Bros an “plus” rating, with a target price of $82. The bank's analysts said that the company's business model is very reasonable, and there are “huge opportunities” to achieve growth by increasing the number of menus and mobile food orders. The analyst added: “Dutch Bros meets many of our requirements: a popular brand with good loyalty and engagement; a well-growing category with room for innovation and disruption; a simple and straightforward operating model; good employee model/employee culture; strong management; currently achieving strong unit growth goals, supported by good unit economics; and plenty of room for development.”

UBS gave Dutch Bros a “buy” rating, with a target price of $90. UBS said that while sales are likely to continue to grow, the company's stock price is expected to rise further, and the increase in mobile sales and menus will boost this trend.

According to the data, Dutch Bros is an operator and franchisee of Drive-thru coffee shops that focus on providing handmade drinks. The company's handcrafted, drink-focused product line includes hot and cold espresso drinks, cold brew coffee products, specialty energy drinks, tea, lemonades, smoothies, and other beverages.