Coffee is a huge industry. After all, it's the second-biggest commodity in the world after oil, and every once in a while a new coffee stock comes out that captivates the market. That's the case now with Dutch Bros (NYSE: BROS), which has been stirring up a buzz. The coffee chain, which focuses on a drive-thru model, has been expanding quickly across the Western U.S. and has attracted a following on Wall Street.

The average analyst now believes the stock has 33% upside, and one sees room for the stock to nearly double. That's Bank of America's Sara Senatore who reiterated her price target of $53 and a buy rating for the stock even after a middling earnings report from Dutch Bros.

In a recent note on the stock, Senatore said the company was building momentum in same-store sales at the end of the first quarter, and she believes Dutch Bros can hit its guidance calling for low-single-digit same-store sales growth for the full year. Over the long term, she sees the company reaching $9.2 billion in revenue and $2 billion in earnings before interest, taxes, depreciation, and amortization (EBITDA), which yields a $53 fair value after discounting back.

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Source Fool.com