Black Rock Coffee Bar, Inc. (NASDAQ:BRCB – Get Free Report) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $17.35 and last traded at $17.40, with a volume of 12633 shares traded. The stock had previously closed at $17.67.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the stock. Raymond James Financial cut their target price on shares of Black Rock Coffee Bar from $28.00 to $26.00 and set an “outperform” rating on the stock in a report on Wednesday, January 21st. Weiss Ratings reaffirmed a “sell (e-)” rating on shares of Black Rock Coffee Bar in a research note on Monday, December 29th. Finally, Zacks Research raised shares of Black Rock Coffee Bar to a “hold” rating in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Black Rock Coffee Bar presently has a consensus rating of “Hold” and an average target price of $26.00.
Read Our Latest Stock Report on BRCB
Black Rock Coffee Bar Stock Performance
Black Rock Coffee Bar (NASDAQ:BRCB – Get Free Report) last released its quarterly earnings results on Tuesday, November 11th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.19. The business had revenue of $51.47 million for the quarter, compared to analysts’ expectations of $51.03 million.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of BRCB. Franklin Resources Inc. bought a new stake in shares of Black Rock Coffee Bar in the 3rd quarter worth about $36,000. Roxbury Financial LLC purchased a new position in Black Rock Coffee Bar during the fourth quarter valued at approximately $39,000. FNY Investment Advisers LLC purchased a new stake in shares of Black Rock Coffee Bar during the 3rd quarter worth $50,000. US Bancorp DE purchased a new position in shares of Black Rock Coffee Bar in the 3rd quarter worth approximately $89,000. Finally, Susquehanna International Group LLP purchased a new position in Black Rock Coffee Bar in the third quarter worth $207,000.
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.
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