Black Rock Coffee Bar (NASDAQ:BRCB – Get Free Report) had its price target boosted by research analysts at Robert W. Baird from $8.00 to $10.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Robert W. Baird‘s price objective suggests a potential downside of 5.39% from the company’s previous close.
Other analysts have also issued research reports about the company. Zacks Research lowered Black Rock Coffee Bar from a “hold” rating to a “strong sell” rating in a report on Thursday, October 15th. Morgan Stanley cut Black Rock Coffee Bar from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $22.00 to $9.00 in a research report on Wednesday, July 15th. Weiss Ratings raised Black Rock Coffee Bar from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, October 2nd. DA Davidson reduced their price objective on Black Rock Coffee Bar from $15.00 to $10.00 and set a “buy” rating for the company in a report on Wednesday, August 12th. Finally, Raymond James Financial set a $13.00 target price on Black Rock Coffee Bar in a research report on Wednesday, August 12th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Black Rock Coffee Bar currently has an average rating of “Hold” and an average target price of $10.50.
View Our Latest Report on Black Rock Coffee Bar
Black Rock Coffee Bar Trading Down 4.8%
NASDAQ:BRCB opened at $10.57 on Wednesday. The company’s 50 day moving average price is $8.53 and its 200-day moving average price is $10.36. Black Rock Coffee Bar has a 52 week low of $6.11 and a 52 week high of $25.19. 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 stock has a market cap of $529.24 million, a price-to-earnings ratio of 158.57 and a beta of -0.92.
Black Rock Coffee Bar (NASDAQ:BRCB – Get Free Report) last announced its quarterly earnings data on Tuesday, November 10th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). The firm had revenue of $66.75 million during the quarter. Black Rock Coffee Bar had a return on equity of 1.46% and a net margin of 0.69%. On average, equities research analysts forecast that Black Rock Coffee Bar will post 0.20 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Black Rock Coffee Bar
A number of hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its holdings in shares of Black Rock Coffee Bar by 1.9% during the 1st 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 during the period. PNC Financial Services Group Inc. grew its holdings in shares of Black Rock Coffee Bar by 106.7% in the first quarter. PNC Financial Services Group Inc. now owns 8,219 shares of the company’s stock worth $106,000 after acquiring an additional 4,243 shares during the period. BlueCrest Capital Management Ltd bought a new stake in shares of Black Rock Coffee Bar in the second quarter worth $166,000. Sei Investments Co. increased its position in Black Rock Coffee Bar by 58.2% during the first quarter. Sei Investments Co. now owns 62,607 shares of the company’s stock valued at $809,000 after acquiring an additional 23,040 shares during the last quarter. Finally, Alkeme Wealth LLC purchased a new stake in Black Rock Coffee Bar during the third quarter valued at $214,000.
Key Black Rock Coffee Bar News
Here are the key news stories impacting Black Rock Coffee Bar this week:
- Positive Sentiment: Third-quarter revenue rose 29.7% year over year to about $66.8 million. Same-store sales increased 5.8%, the company opened 11 stores, and it reported diluted EPS of $0.05 versus a loss of $0.05 a year earlier. The stock moved higher following the results. Black Rock Coffee Bar Q3 results
- Neutral Sentiment: Stifel Nicolaus initiated coverage with a “Hold” rating and a $12 price target. The new coverage adds an analyst view, but the Hold recommendation signals a wait-and-see stance. Stifel Nicolaus begins coverage
- Negative Sentiment: Despite the sales growth and return to profitability, BRCB’s $0.05 EPS missed the $0.08 consensus estimate, and revenue of about $66.8 million came in below the roughly $68.8 million estimate. The shortfall could limit enthusiasm about the quarter. BRCB misses Q3 earnings and revenue estimates
Black Rock Coffee Bar Company Profile
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.
Featured Stories
- Five stocks we like better than Black Rock Coffee Bar
- The AI Debt Bill Is Coming Due, But Biotech Has Revenue to Show for the Boom
- 3 Insider Selling Stories; 3 Different Signals for Investors
- The Trade Desk Beats on Revenue, But the Fine Print Matters
- Poll Reveals: Which States Are Most Prepared for a Crisis? [2026]
Receive News & Ratings for Black Rock Coffee Bar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Black Rock Coffee Bar and related companies with MarketBeat.com's FREE daily email newsletter.
