Morgan Stanley Retains an Overweight Rating on Dutch Bros Inc. (BROS)

Dutch Bros Inc. (NYSE:BROS) is among the Most Volatile Stocks.

On February 13, 2026, Morgan Stanley lifted its price objective for Dutch Bros Inc. (NYSE:BROS)’s to $85 from $82 while retaining an Overweight rating. The firm noted a solid year-end performance as support for the stock, despite the ongoing dispute.

RBC Capital also cut Dutch Bros Inc. (NYSE:BROS)’s price target to $75 from $80 while maintaining an Outperform rating, noting Q4 results and FY26 forecasts that exceeded consensus and reduced buy-side expectations.

On the same day, Citi reduced Dutch Bros Inc. (NYSE:BROS)’s price objective from $82 to $81 while keeping its Buy rating.

On February 13, 2026, Dutch Bros Inc. (NYSE:BROS) forecasts FY26 revenue of $2.00 billion to $2.03 billion, compared to the consensus estimate of $2.04 billion. The firm said that it anticipates same-store sales growth of 3% to 5% and adjusted EBITDA of $355 million to $365 million, citing higher coffee costs offset by SG&A leverage. It projects capital expenditures ranging from $270 million to $290 million and at least 181 total system shop openings.

Dutch Bros Inc. (NYSE:BROS) operates and franchises drive-thru businesses that specialize in handcrafted beverages. It operates in three segments: company-operated shops, franchising, and other.

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