Shares of Black Rock Coffee Bar, Inc. (NASDAQ:BRCB – Get Free Report) passed below its two hundred day moving average during trading on Wednesday following a weaker than expected earnings announcement. The stock has a two hundred day moving average of $10.32 and traded as low as $8.73. Black Rock Coffee Bar shares last traded at $8.76, with a volume of 972,696 shares changing hands.
The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.03). The business had revenue of $66.75 million for the quarter. Black Rock Coffee Bar had a net margin of 1.58% and a return on equity of 3.53%.
Key Stories Impacting Black Rock Coffee Bar
Investors following BRCB have been watching these stories:
- Positive Sentiment: Third-quarter revenue increased 29.7% year over year to about $66.8 million, same-store sales rose 5.8%, and the company opened 11 stores. It also moved from a year-ago loss to a profit. Article: Black Rock Coffee Bar reports third-quarter 2026 results
- Positive Sentiment: DA Davidson raised its price target to $13 and reiterated a Buy rating, providing a more optimistic analyst view. Article: DA Davidson raises Black Rock Coffee Bar price target
- Negative Sentiment: Quarterly EPS of $0.05 fell short of the $0.08 consensus, while revenue also missed estimates. The company reported only $1.5 million in net income; operating cash flow of $9.9 million was below $16.6 million of capital spending, highlighting the investment demands of expansion. Article: Black Rock Coffee Bar lags Q3 earnings and revenue estimates
Wall Street Analyst Weigh In
Several research analysts recently issued reports on the company. DA Davidson lifted their price objective on Black Rock Coffee Bar from $10.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday. 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. Morgan Stanley cut Black Rock Coffee Bar from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $22.00 to $9.00 in a report on Wednesday, July 15th. Stifel Nicolaus assumed coverage on Black Rock Coffee Bar in a research report on Monday. They issued a “hold” rating and a $12.00 price objective on the stock. Finally, Robert W. Baird increased their price objective on Black Rock Coffee Bar from $8.00 to $10.00 and gave the company a “neutral” rating in a research note on Wednesday. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $11.00.
Get Our Latest Analysis on BRCB
Institutional Investors Weigh In On Black Rock Coffee Bar
Several hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp grew its holdings in Black Rock Coffee Bar by 50.1% in the first quarter. Bank of New York Mellon Corp now owns 1,161,703 shares of the company’s stock valued at $15,009,000 after purchasing an additional 387,553 shares during the period. Jennison Associates LLC raised its stake in Black Rock Coffee Bar by 59.9% during the first quarter. Jennison Associates LLC now owns 583,806 shares of the company’s stock worth $7,543,000 after purchasing an additional 218,692 shares during the period. Stoic Point Capital Management LLC acquired a new stake in shares of Black Rock Coffee Bar during the 3rd quarter worth $1,379,000. Emerald Advisers LLC raised its position in shares of Black Rock Coffee Bar by 22.4% in the 1st quarter. Emerald Advisers LLC now owns 749,626 shares of the company’s stock worth $9,685,000 after buying an additional 137,133 shares during the period. Finally, Renaissance Technologies LLC raised its position in shares of Black Rock Coffee Bar by 179.4% in the 1st quarter. Renaissance Technologies LLC now owns 207,600 shares of the company’s stock worth $2,682,000 after buying an additional 133,296 shares during the period.
Black Rock Coffee Bar Stock Down 17.1%
The stock has a fifty day moving average of $8.52 and a two-hundred day moving average of $10.32. 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 $438.61 million, a price-to-earnings ratio of 51.53 and a beta of -0.92.
Black Rock Coffee Bar Company Profile
Black Rock Coffee Bar is a specialty coffee company that operates cafés focused on handcrafted beverages and customer service. The company was founded in 2008 in Beaverton, Oregon. Its menu includes coffee and espresso drinks, teas, blended beverages, energy drinks and food items. Many locations offer drive-through service, alongside in-store ordering. Black Rock Coffee Bar serves customers across several western and southwestern U.S. states, including Oregon, Arizona, Washington, Colorado and Texas.
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