Black Rock Coffee Bar (NASDAQ:BRCB) CMO Jessica Michele Wegener-Beyer Buys 3,098 Shares of Stock

Black Rock Coffee Bar, Inc. (NASDAQ:BRCB) CMO Jessica Michele Wegener-Beyer acquired 3,098 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were bought at an average cost of $6.46 per share, for a total transaction of $20,013.08. Following the completion of the acquisition, the chief marketing officer owned 3,098 shares of the company’s stock, valued at approximately $20,013.08. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Black Rock Coffee Bar Stock Performance

BRCB opened at $6.58 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.87 and a debt-to-equity ratio of 0.25. The company has a market cap of $329.37 million and a price-to-earnings ratio of 658.00. Black Rock Coffee Bar, Inc. has a 52-week low of $6.13 and a 52-week high of $30.40. The firm’s fifty day simple moving average is $12.83 and its two-hundred day simple moving average is $17.18.

Black Rock Coffee Bar (NASDAQ:BRCB) last posted 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 business had revenue of $55.45 million for the quarter. Equities analysts anticipate that Black Rock Coffee Bar, Inc. will post 0.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Black Rock Coffee Bar

Several hedge funds and other institutional investors have recently modified their holdings of BRCB. Invesco Ltd. purchased a new position in shares of Black Rock Coffee Bar in the third quarter worth about $19,074,000. Woodline Partners LP purchased a new position in Black Rock Coffee Bar during the third quarter worth about $12,445,000. Ameriprise Financial Inc. purchased a new position in Black Rock Coffee Bar during the third quarter worth about $12,351,000. Wellington Management Group LLP raised its stake in Black Rock Coffee Bar by 107.8% during the fourth quarter. Wellington Management Group LLP now owns 943,524 shares of the company’s stock worth $20,993,000 after purchasing an additional 489,559 shares during the period. Finally, Franklin Resources Inc. raised its stake in Black Rock Coffee Bar by 31,676.4% during the fourth quarter. Franklin Resources Inc. now owns 482,048 shares of the company’s stock worth $10,726,000 after purchasing an additional 480,531 shares during the period.

Wall Street Analysts Forecast Growth

BRCB has been the topic of several recent analyst reports. Morgan Stanley decreased their price objective on shares of Black Rock Coffee Bar from $28.00 to $22.00 and set an “overweight” rating on the stock in a report on Tuesday, April 21st. Stifel Nicolaus decreased their price objective on shares of Black Rock Coffee Bar from $27.00 to $18.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th. DA Davidson decreased their price objective on shares of Black Rock Coffee Bar from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th. Finally, Raymond James Financial decreased their price target on shares of Black Rock Coffee Bar from $22.00 to $20.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 21st. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Black Rock Coffee Bar currently has an average rating of “Moderate Buy” and an average target price of $18.75.

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.