Black Rock Coffee Bar, Inc. (NASDAQ:BRCB – Get Free Report) reached a new 52-week low on Tuesday . The company traded as low as $13.66 and last traded at $13.70, with a volume of 466536 shares. The stock had previously closed at $15.49.
Analyst Ratings Changes
BRCB has been the subject of several analyst reports. Zacks Research raised shares of Black Rock Coffee Bar to a “hold” rating in a research note on Wednesday, October 8th. Raymond James Financial reduced their price objective 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. Finally, Weiss Ratings reiterated a “sell (e-)” rating on shares of Black Rock Coffee Bar in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $26.00.
Check Out Our Latest Report on Black Rock Coffee Bar
Black Rock Coffee Bar Price Performance
Black Rock Coffee Bar (NASDAQ:BRCB – Get Free Report) last announced its quarterly earnings data on Tuesday, November 11th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating 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.
Hedge Funds Weigh In On Black Rock Coffee Bar
Several hedge funds and other institutional investors have recently modified their holdings of BRCB. CenterStar Asset Management LLC purchased a new stake in shares of Black Rock Coffee Bar during the 3rd quarter worth about $209,000. Emerald Mutual Fund Advisers Trust purchased a new stake in Black Rock Coffee Bar during the third quarter worth approximately $4,023,000. Federated Hermes Inc. purchased a new stake in Black Rock Coffee Bar during the third quarter worth approximately $2,982,000. WCM Investment Management LLC acquired a new stake in shares of Black Rock Coffee Bar in the third quarter worth $7,422,000. Finally, JPMorgan Chase & Co. purchased a new position in shares of Black Rock Coffee Bar in the 3rd quarter valued at $737,000.
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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