Black Rock Coffee Bar, Inc. (NASDAQ:BRCB) Stock Rated “Hold” by Wall Street Analysts

Shares of Black Rock Coffee Bar, Inc. (NASDAQ:BRCB) have been given a consensus rating of “Hold” by the eight ratings firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $11.50.

A number of research analysts have issued reports on the stock. Zacks Research cut shares of Black Rock Coffee Bar from a “hold” rating to a “strong sell” rating in a report on Thursday, October 15th. DA Davidson decreased their price target on Black Rock Coffee Bar from $15.00 to $10.00 and set a “buy” rating on the stock in a research note on Wednesday, August 12th. Weiss Ratings upgraded Black Rock Coffee Bar from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, October 2nd. Morgan Stanley cut Black Rock Coffee Bar from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $22.00 to $9.00 in a report on Wednesday, July 15th. Finally, Raymond James Financial set a $13.00 price objective on Black Rock Coffee Bar in a research note on Wednesday, August 12th.

Institutional Trading of Black Rock Coffee Bar

Large investors have recently bought and sold shares of the company. Bank of America Corp DE increased its position in shares of Black Rock Coffee Bar by 1.9% in the first quarter. Bank of America Corp DE now owns 143,896 shares of the company’s stock valued at $1,859,000 after buying an additional 2,631 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Black Rock Coffee Bar by 106.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,219 shares of the company’s stock worth $106,000 after buying an additional 4,243 shares during the last quarter. BlueCrest Capital Management Ltd purchased a new stake in shares of Black Rock Coffee Bar in the 2nd quarter worth about $166,000. Sei Investments Co. boosted its position in shares of Black Rock Coffee Bar by 58.2% in the 1st quarter. Sei Investments Co. now owns 62,607 shares of the company’s stock worth $809,000 after buying an additional 23,040 shares in the last quarter. Finally, Alkeme Wealth LLC acquired a new stake in Black Rock Coffee Bar in the 3rd quarter valued at about $214,000.

Black Rock Coffee Bar Stock Performance

Shares of BRCB opened at $9.88 on Wednesday. The company has a 50-day simple moving average of $8.37 and a 200-day simple moving average of $10.56. The company has a quick ratio of 0.62, a current ratio of 0.71 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $494.69 million, a PE ratio of 141.16 and a beta of -0.92. Black Rock Coffee Bar has a 52-week low of $6.11 and a 52-week high of $25.82.

Black Rock Coffee Bar (NASDAQ:BRCB) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). The company had revenue of $63.00 million during the quarter. Black Rock Coffee Bar had a net margin of 0.69% and a return on equity of 1.46%. Equities research analysts predict that Black Rock Coffee Bar will post 0.20 earnings per share for the current fiscal year.

About Black Rock Coffee Bar

Black Rock Coffee Bar is a specialty coffee company that operates a network of primarily drive-thru coffee shops in the United States. Founded in 2008 and headquartered in Portland, Oregon, the company focuses on convenient service, beverage customization and a digitally connected customer experience.

Its menu includes brewed coffee, espresso-based beverages, cold and iced drinks, teas, smoothies and energy drinks, along with a selection of food and snack items. Black Rock also offers branded merchandise and customer loyalty services through its digital platforms.

The company serves customers through locations across several U.S.