Dutch Bros slips as RBC cuts rating on competition worries

Dutch Bros

22/10/2026 13:53

** Shares of coffee chain co Dutch Bros BROS.N slip 4% to $40.6 premarket
** RBC Capital Markets downgrades stock to "sector perform" from "outperform," citing intensifying competition
** Cuts PT to $46 from $70, which implies a nearly 9% upside to stock's last close
** Rival 7 Brew is expected to surpass BROS's unit count next year, RBC says 
** Stock has been trading below its 200-day moving average since August 6
** Of 26 brokerages, 25 rate the stock "buy" or higher, and 1 "hold"; their median PT is $74, according to data compiled by LSEG
** Up to last close, stock had fallen about 31% YTD

 (Reporting by Darshan Kumar in Bengaluru)
 ((darshan.kumar@thomsonreuters.com))