Black Rock Coffee Bar (NASDAQ:BRCB) Shares Down 4.9% – Here’s What Happened

Black Rock Coffee Bar, Inc. (NASDAQ:BRCB) fell 4.9% on Wednesday . The stock traded as low as $21.84 and last traded at $21.84. 272,583 shares were traded during mid-day trading, a decline of 37% from the average session volume of 430,356 shares. The stock had previously closed at $22.97.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Weiss Ratings reissued a “sell (e-)” rating on shares of Black Rock Coffee Bar in a research report on Monday. Raymond James Financial reissued an “outperform” rating and issued a $28.00 price objective (up previously from $26.00) on shares of Black Rock Coffee Bar in a research report on Thursday, October 16th. Finally, Zacks Research raised shares of Black Rock Coffee Bar to a “hold” rating in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $28.00.

Black Rock Coffee Bar Trading Down 4.3%

The stock has a 50-day moving average of $23.16. The company has a quick ratio of 1.29, a current ratio of 1.37 and a debt-to-equity ratio of 0.18.

Black Rock Coffee Bar (NASDAQ:BRCB) last issued its quarterly earnings data on Tuesday, November 11th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.19. The firm had revenue of $51.47 million during the quarter, compared to analyst estimates of $51.03 million.

Institutional Investors Weigh In On Black Rock Coffee Bar

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. acquired a new position in Black Rock Coffee Bar in the 3rd quarter worth $36,000. FNY Investment Advisers LLC purchased a new stake in shares of Black Rock Coffee Bar during the third quarter worth about $50,000. US Bancorp DE acquired a new position in shares of Black Rock Coffee Bar in the third quarter worth about $89,000. Susquehanna International Group LLP acquired a new position in shares of Black Rock Coffee Bar in the third quarter worth about $207,000. Finally, CenterStar Asset Management LLC purchased a new position in Black Rock Coffee Bar in the third quarter valued at about $209,000.

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.