Black Rock Coffee Bar (NASDAQ:BRCB) Shares Down 6.9% – Here’s Why

Black Rock Coffee Bar, Inc. (NASDAQ:BRCB) shares dropped 6.9% on Friday . The company traded as low as $19.56 and last traded at $19.57. Approximately 201,896 shares changed hands during mid-day trading, a decline of 36% from the average daily volume of 314,887 shares. The stock had previously closed at $21.01.

Analysts Set New Price Targets

BRCB has been the topic of a number of research analyst reports. Raymond James Financial reiterated an “outperform” rating and set a $28.00 target price (up from $26.00) on shares of Black Rock Coffee Bar in a research report on Thursday, October 16th. Weiss Ratings reissued a “sell (e-)” rating on shares of Black Rock Coffee Bar in a research note on Monday, December 29th. Finally, Zacks Research upgraded shares of Black Rock Coffee Bar to a “hold” rating in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $28.00.

Black Rock Coffee Bar Stock Down 6.8%

The company has a debt-to-equity ratio of 0.18, a current ratio of 1.37 and a quick ratio of 1.29. The company has a fifty day simple moving average of $22.32. The company has a market capitalization of $980.17 million and a P/E ratio of -391.60.

Black Rock Coffee Bar (NASDAQ:BRCB) last posted its quarterly earnings data on Tuesday, November 11th. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.19. The company had revenue of $51.47 million for the quarter, compared to analyst estimates of $51.03 million.

Hedge Funds Weigh In On Black Rock Coffee Bar

Institutional investors have recently modified their holdings of the company. CenterStar Asset Management LLC purchased a new position in shares of Black Rock Coffee Bar during the third quarter valued at approximately $209,000. Emerald Mutual Fund Advisers Trust acquired a new position in Black Rock Coffee Bar in the 3rd quarter valued at $4,023,000. Federated Hermes Inc. purchased a new position in shares of Black Rock Coffee Bar during the 3rd quarter worth $2,982,000. WCM Investment Management LLC acquired a new stake in shares of Black Rock Coffee Bar during the third quarter worth $7,422,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Black Rock Coffee Bar during the third quarter worth $737,000.

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.