10 Stocks on Jim Cramer and Wall Street’s Radar

2. Dutch Bros Inc. (NYSE:BROS)

Average Price Target Upside: 34.67%

Number of Hedge Fund Holders: 41

Dutch Bros Inc. (NYSE:BROS) operates and franchises drive-thru locations across the U.S. under various brands, including Dutch Bros Coffee and Dutch Bros Rebel. Discussing the CEO of the company in January, Cramer remarked, “I think Christine is doing a remarkable job at Dutch Bros. Yes, this stock is all the way up.”

On February 28, Stifel analyst Chris O’Cull increased the price target for Dutch Bros (NYSE:BROS) from $74 to $85 and maintained a Buy rating on the stock. The firm revised several models within the Restaurants and Franchising sector following the companies’ recent earnings reports and 10-K filings. For Dutch Bros, Stifel is adjusting its long-term unit growth projections to align with the current mid-teens growth rate.

On February 27, discussing the company, Cramer commented:

“The stock has had a big run. We had, by the way, just so you know, we had Christine Barone on. Ever since she’s come in, this stock has been a rocket ship. You know, look, now [it] is at 126 times earnings. I am a big believer in Dutch Bros, but I will tell you this, I do think that the Brothers Dutch stock could cool off a little bit before you need to start buying. And, and I would do that.”