Black Rock Coffee Bar, Inc. (NASDAQ:BRCB – Get Free Report) shares hit a new 52-week low on Monday . The company traded as low as $17.35 and last traded at $17.40, with a volume of 12633 shares changing hands. The stock had previously closed at $17.67.
Analyst Ratings Changes
Several analysts recently commented on BRCB shares. Weiss Ratings reaffirmed a “sell (e-)” rating on shares of Black Rock Coffee Bar in a report on Monday, December 29th. Zacks Research upgraded Black Rock Coffee Bar to a “hold” rating in a research report on Wednesday, October 8th. Finally, Raymond James Financial decreased 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 research note on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Black Rock Coffee Bar has a consensus rating of “Hold” and an average price target of $26.00.
View Our Latest Stock Report on Black Rock Coffee Bar
Black Rock Coffee Bar Stock Down 1.6%
Black Rock Coffee Bar (NASDAQ:BRCB – Get Free Report) last issued its quarterly earnings data on Tuesday, November 11th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.24) by $0.19. The company had revenue of $51.47 million for the quarter, compared to analysts’ expectations of $51.03 million.
Institutional Trading of Black Rock Coffee Bar
A number of hedge funds and other institutional investors have recently made changes to their positions in BRCB. Invesco Ltd. purchased a new stake in shares of Black Rock Coffee Bar in the 3rd quarter valued at about $19,074,000. Woodline Partners LP purchased a new stake in Black Rock Coffee Bar in the third quarter valued at approximately $12,445,000. Ameriprise Financial Inc. acquired a new stake in shares of Black Rock Coffee Bar in the third quarter valued at approximately $12,351,000. Wellington Management Group LLP purchased a new position in shares of Black Rock Coffee Bar during the third quarter worth approximately $10,832,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Black Rock Coffee Bar in the 3rd quarter valued at $9,726,000.
Black Rock Coffee Bar Company Profile
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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