Weekly Research Analysts’ Ratings Changes for Black Rock Coffee Bar (BRCB)

Several brokerages have updated their recommendations and price targets on shares of Black Rock Coffee Bar (NASDAQ: BRCB) in the last few weeks:

• 5/30/2026 – Black Rock Coffee Bar was downgraded by Wall Street Zen from “hold” to “sell”.
• 5/29/2026 – Black Rock Coffee Bar had its “sell (e)” rating reaffirmed by Weiss Ratings.
• 5/13/2026 – Black Rock Coffee Bar had its price target lowered by DA Davidson from $16.00 to $15.00. They now have a “buy” rating on the stock.
• 5/13/2026 – Black Rock Coffee Bar had its price target lowered by Stifel Nicolaus from $27.00 to $18.00. They now have a “buy” rating on the stock.
• 5/5/2026 – Black Rock Coffee Bar had its price target lowered by DA Davidson from $21.00 to $16.00. They now have a “buy” rating on the stock.
• 4/21/2026 – Black Rock Coffee Bar had its price target lowered by Morgan Stanley from $28.00 to $22.00. They now have an “overweight” rating on the stock.
• 4/21/2026 – Black Rock Coffee Bar had its price target lowered by Raymond James Financial, Inc. from $22.00 to $20.00. They now have an “outperform” rating on the stock.

Insider Activity

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

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.