12:08 PM EDT, 09/24/2025 (MT Newswires) -- Dutch Bros ( BROS ) is demonstrating resilience despite macro pressures, given their differentiated service model and innovative offerings, RBC Capital said in a Tuesday note.

The firm views the company as "one of the most compelling idiosyncratic stories" with long runway for both same-store sales growth as well as potential for new unit expansion.

According to the report, same-store sales could exceed management's 2025 guidance of 2% to 4%, supported by rising mobile order usage and expansion of food offerings, which should lift morning traffic.

While the competition is intensifying, RBC noted that Dutch Bros' ( BROS ) differentiated service, strong new-store performance, Gen Z appeal, and build-to-suit expansion should support sustained mid-teens unit growth.

Dutch Bros ( BROS ) can still reach its 30% contribution margins target, as selling, general, and administrative leverage and traffic-driven cost efficiencies should offset margin pressures from a higher food mix, format changes, and faster company-owned growth, the firm noted.

The firm maintained it outperform rating on the stock with price target of $85.

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