Dutch Bros: Coffee Chain to Operate Without Drive-Thru in Densely Populated Areas – Wolfe Research Sees 50% Chance!

Dutch Bros (BROS) is a rapidly growing coffee chain that has so far relied on a pure drive-thru concept with compact store designs and high throughput speeds. With the opening of its first pure walk-up location in downtown Los Angeles in November 2025, the opportunities in densely populated areas can be successfully tested. The location quickly became the highest-grossing store, with pre-orders three times above the average. Wolfe Research analysts have set a price target of $77 (Outperform) on March 9, indicating a price potential of around 50%....