Emerald Advisers LLC lifted its stake in Black Rock Coffee Bar, Inc. (NASDAQ:BRCB – Free Report) by 22.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 749,626 shares of the company’s stock after buying an additional 137,133 shares during the period. Emerald Advisers LLC’s holdings in Black Rock Coffee Bar were worth $9,685,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. T. Rowe Price Investment Management Inc. grew its position in Black Rock Coffee Bar by 3.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,398,120 shares of the company’s stock valued at $31,109,000 after acquiring an additional 50,845 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Black Rock Coffee Bar by 19.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,105,320 shares of the company’s stock worth $24,593,000 after buying an additional 176,480 shares in the last quarter. Wellington Management Group LLP grew its holdings in Black Rock Coffee Bar by 107.8% during the 4th quarter. Wellington Management Group LLP now owns 943,524 shares of the company’s stock worth $20,993,000 after acquiring an additional 489,559 shares during the last quarter. Invesco Ltd. grew its holdings in Black Rock Coffee Bar by 5.2% during the 4th quarter. Invesco Ltd. now owns 840,917 shares of the company’s stock worth $18,710,000 after acquiring an additional 41,493 shares during the last quarter. Finally, Woodline Partners LP acquired a new stake in Black Rock Coffee Bar in the 3rd quarter valued at about $12,445,000.
Insiders Place Their Bets
In other news, Director Cynosure Group, Llc bought 13,642,712 shares of the stock in a transaction on Friday, May 15th. The stock was acquired at an average price of $5.35 per share, with a total value of $72,988,509.20. Following the acquisition, the director directly owned 19,915,304 shares in the company, valued at approximately $106,546,876.40. This trade represents a 217.50% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael Ryan Schmidt bought 7,100 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was purchased at an average price of $6.98 per share, with a total value of $49,558.00. Following the completion of the transaction, the insider directly owned 7,100 shares of the company’s stock, valued at approximately $49,558. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 13,698,923 shares of company stock valued at $73,357,952 in the last 90 days. Corporate insiders own 32.04% of the company’s stock.
Black Rock Coffee Bar Stock Performance
Black Rock Coffee Bar (NASDAQ:BRCB – Get Free Report) last announced its earnings results on Tuesday, May 12th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.02). The firm had revenue of $55.45 million for the quarter. Research analysts expect that Black Rock Coffee Bar, Inc. will post 0.21 EPS for the current year.
Analyst Ratings Changes
Several analysts have commented on BRCB shares. DA Davidson cut their price target on Black Rock Coffee Bar from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, May 13th. Piper Sandler initiated coverage on Black Rock Coffee Bar in a report on Monday, June 8th. They issued a “neutral” rating and a $9.00 price objective for the company. Weiss Ratings raised Black Rock Coffee Bar from a “sell (e)” rating to a “sell (d-)” rating in a research note on Thursday, June 11th. Morgan Stanley decreased their target price on Black Rock Coffee Bar from $28.00 to $22.00 and set an “overweight” rating for the company in a research report on Tuesday, April 21st. Finally, Stifel Nicolaus cut their price target on shares of Black Rock Coffee Bar from $27.00 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday, May 13th. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $16.80.
Read Our Latest Stock Report on Black Rock Coffee Bar
Black Rock Coffee Bar 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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