Black Rock Coffee Bar, Inc. $BRCB Shares Bought by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust raised its holdings in shares of Black Rock Coffee Bar, Inc. (NASDAQ:BRCB) by 29.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 453,734 shares of the company’s stock after buying an additional 101,945 shares during the quarter. Emerald Mutual Fund Advisers Trust owned about 0.91% of Black Rock Coffee Bar worth $5,862,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of BRCB. JPMorgan Chase & Co. purchased a new position in shares of Black Rock Coffee Bar in the third quarter worth about $737,000. Vanguard Group Inc. purchased a new stake in Black Rock Coffee Bar during the 3rd quarter valued at about $2,028,000. US Bancorp DE purchased a new stake in Black Rock Coffee Bar during the 3rd quarter valued at about $89,000. Legal & General Group Plc acquired a new stake in Black Rock Coffee Bar in the 3rd quarter valued at about $239,000. Finally, Franklin Resources Inc. acquired a new stake in Black Rock Coffee Bar in the 3rd quarter valued at about $36,000.

Analysts Set New Price Targets

Several research analysts have recently weighed in on BRCB shares. Weiss Ratings upgraded Black Rock Coffee Bar from a “sell (e)” rating to a “sell (d-)” rating in a report on Thursday, June 11th. Stifel Nicolaus cut their price target on Black Rock Coffee Bar from $27.00 to $18.00 and set a “buy” rating for the company in a report on Wednesday, May 13th. Morgan Stanley reduced their price objective on Black Rock Coffee Bar from $28.00 to $22.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 21st. DA Davidson reduced their price objective on Black Rock Coffee Bar from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, May 13th. Finally, Wall Street Zen raised Black Rock Coffee Bar from a “sell” rating to a “hold” rating in a research note on Sunday, June 7th. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $16.80.

Black Rock Coffee Bar Price Performance

Black Rock Coffee Bar stock opened at $8.25 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.77 and a debt-to-equity ratio of 0.25. The company has a 50-day moving average price of $7.94 and a 200 day moving average price of $13.23. Black Rock Coffee Bar, Inc. has a 12-month low of $6.11 and a 12-month high of $30.40. The stock has a market cap of $413.00 million and a P/E ratio of 825.00.

Black Rock Coffee Bar (NASDAQ:BRCB) last posted its earnings results on Tuesday, May 12th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.02). The business had revenue of $55.45 million for the quarter. Sell-side analysts anticipate that Black Rock Coffee Bar, Inc. will post 0.21 earnings per share for the current year.

Insider Activity

In other Black Rock Coffee Bar news, Director Cynosure Group, Llc acquired 13,642,712 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was bought at an average cost of $5.35 per share, for a total transaction of $72,988,509.20. Following the completion of the transaction, the director owned 19,915,304 shares of the company’s stock, valued at approximately $106,546,876.40. The trade was a 217.50% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael Ryan Schmidt bought 7,100 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were acquired at an average cost of $6.98 per share, with a total value of $49,558.00. Following the purchase, the insider owned 7,100 shares of the company’s stock, valued at $49,558. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have bought 13,698,923 shares of company stock valued at $73,357,952. 32.04% of the stock is currently owned by company insiders.

Black Rock Coffee Bar Profile

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.