Black Rock Coffee Bar (NASDAQ:BRCB) Upgraded to Hold at Wall Street Zen

Black Rock Coffee Bar (NASDAQ:BRCB) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Sunday.

Several other research analysts have also recently issued reports on the company. Morgan Stanley lowered their price objective on Black Rock Coffee Bar from $28.00 to $22.00 and set an “overweight” rating for the company in a research report on Tuesday, April 21st. Weiss Ratings reaffirmed a “sell (e)” rating on shares of Black Rock Coffee Bar in a research report on Friday, May 29th. Stifel Nicolaus lowered their price objective on Black Rock Coffee Bar from $27.00 to $18.00 and set a “buy” rating for the company in a research report on Wednesday, May 13th. Raymond James Financial decreased their target price on Black Rock Coffee Bar from $22.00 to $20.00 and set an “outperform” rating for the company in a research report on Tuesday, April 21st. Finally, DA Davidson decreased their target price on Black Rock Coffee Bar from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, May 13th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Black Rock Coffee Bar has an average rating of “Moderate Buy” and an average price target of $18.75.

Black Rock Coffee Bar Trading Down 3.2%

NASDAQ:BRCB opened at $6.31 on Friday. The stock has a 50-day simple moving average of $10.97 and a 200-day simple moving average of $15.97. The stock has a market cap of $315.88 million and a P/E ratio of 631.00. Black Rock Coffee Bar has a 1 year low of $6.13 and a 1 year high of $30.40. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.77 and a current ratio of 0.87.

Black Rock Coffee Bar (NASDAQ:BRCB) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.02). The firm had revenue of $55.45 million during the quarter. As a group, analysts anticipate that Black Rock Coffee Bar will post 0.21 earnings per share for the current fiscal year.

Insider Activity at Black Rock Coffee Bar

In other news, insider Michael Ryan Schmidt bought 7,100 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was purchased at an average cost of $6.98 per share, with a total value of $49,558.00. Following the transaction, the insider directly owned 7,100 shares in the company, valued at $49,558. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Clay Howard Geyer bought 45,080 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was purchased at an average cost of $6.51 per share, with a total value of $293,470.80. Following the completion of the transaction, the chief operating officer owned 57,580 shares in the company, valued at approximately $374,845.80. This trade represents a 360.64% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 13,698,923 shares of company stock valued at $73,357,952 in the last three months. 32.04% of the stock is currently owned by company insiders.

Institutional Trading of Black Rock Coffee Bar

A number of hedge funds have recently added to or reduced their stakes in BRCB. Invesco Ltd. acquired a new stake in Black Rock Coffee Bar during the 3rd quarter worth approximately $19,074,000. Woodline Partners LP acquired a new stake in Black Rock Coffee Bar during the 3rd quarter worth approximately $12,445,000. Ameriprise Financial Inc. acquired a new stake in Black Rock Coffee Bar during the 3rd quarter worth approximately $12,351,000. Wellington Management Group LLP lifted its position in Black Rock Coffee Bar by 107.8% during the 4th quarter. Wellington Management Group LLP now owns 943,524 shares of the company’s stock worth $20,993,000 after acquiring an additional 489,559 shares during the period. Finally, Franklin Resources Inc. lifted its position in Black Rock Coffee Bar by 31,676.4% during the 4th quarter. Franklin Resources Inc. now owns 482,048 shares of the company’s stock worth $10,726,000 after acquiring an additional 480,531 shares during the period.

About Black Rock Coffee Bar

Our Mission: To Fuel People Forward – One Connection, One Moment, One Cup at a Time We are a high-growth operator of guest-centric, drive-thru coffee bars offering premium caffeinated beverages and an elevated in-store experience crafted by our engaging baristas. Black Rock Coffee Bar was founded in 2008 in Beaverton, Oregon, by our co-founders Daniel Brand and Jeff Hernandez. What started as a single 160 square foot coffee bar in 2008 is now one of the fastest growing beverage companies in the United States by revenue and the largest fully company-owned coffee retailer in the country, with 158 locations spanning seven states as of June 30, 2025, from the Pacific Northwest to Texas.