One TD Cowen analyst believes Dutch Bros could rise 44% higher, even after a disappointing second quarter. Shares of upstart coffee and hand-crafted beverage chain Dutch Bros (BROS -2.96%) are down 23% over the last month after the company reported underwhelming earnings on Aug. 7. Now guiding to open "only" 150 stores, versus previous plans for 165 in 2024, Dutch Bros felt the wrath of the market. Following this earnings report, however, TD Cowen analyst Andrew Charles reiterated a buy rating and set a $47 ...