11:44 AM EST, 11/06/2025 (MT Newswires) -- Dutch Bros ( BROS ) showed solid Q3 traffic-driven same-store sales growth that has continued into Q4 despite weaker industry trends, highlighting the company's "unique" positioning and brand affinity, UBS Securities said in a note Thursday.

Key growth drivers include the introduction of new menu items, rewards program benefits, expansion of mobile order, advertising to enhance brand awareness, and support from younger consumers, analysts said.

The company raised its 2025 revenue outlook to between $1.61 billion and $1.615 billion, from $1.59 billion to $1.60 billion previously, and lifted its same-store sales growth target to about 5% from 4.5%.

Dutch Bros ( BROS ) plans to open 160 new stores in 2025 and about 175 locations in 2026 supported by strong returns and a record development pipeline, according to the note.

UBS said Dutch Bros ( BROS ) remains its top pick and maintained a buy rating on the stock, with a price target of $85.

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