Dutch Bros is trading at $37.76, down 14.16%, as investors weigh lower 2026 guidance and slowing comparable sales.
- November 4 results showed Q3 system same-shop sales grew 4.4%; management lowered adjusted EBITDA outlook to about $380 million, and revenue guidance of at least $2.1 billion trailed analyst expectations.
- Revenue rose 29.8% to $549.8 million; after the report, Stephens cut its price target to $47 from $65.