Black Rock Coffee Bar, Inc. (NASDAQ:BRCB – Get Free Report) has been given an average recommendation of “Hold” by the eight research firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $11.50.
A number of equities analysts recently issued reports on the company. Weiss Ratings raised Black Rock Coffee Bar from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, October 2nd. Morgan Stanley cut Black Rock Coffee Bar from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $22.00 to $9.00 in a research report on Wednesday, July 15th. Zacks Research downgraded Black Rock Coffee Bar from a “hold” rating to a “strong sell” rating in a report on Thursday, October 15th. Robert W. Baird cut Black Rock Coffee Bar from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $12.00 to $10.00 in a research report on Monday, August 24th. Finally, DA Davidson decreased their target price on Black Rock Coffee Bar from $15.00 to $10.00 and set a “buy” rating for the company in a research report on Wednesday, August 12th.
Get Our Latest Stock Report on Black Rock Coffee Bar
Black Rock Coffee Bar Stock Performance
NASDAQ BRCB opened at $9.88 on Wednesday. The company has a current ratio of 0.71, a quick ratio of 0.62 and a debt-to-equity ratio of 0.27. The stock has a market cap of $494.69 million, a PE ratio of 141.16 and a beta of -0.92. The stock has a fifty day simple moving average of $8.37 and a 200-day simple moving average of $10.56. Black Rock Coffee Bar has a twelve month low of $6.11 and a twelve month high of $25.82.
Black Rock Coffee Bar (NASDAQ:BRCB – Get Free Report) last posted its earnings results on Tuesday, August 11th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). Black Rock Coffee Bar had a return on equity of 1.46% and a net margin of 0.69%. The firm had revenue of $63.00 million for the quarter. Equities analysts anticipate that Black Rock Coffee Bar will post 0.20 earnings per share for the current year.
Institutional Investors Weigh In On Black Rock Coffee Bar
Several large investors have recently modified their holdings of BRCB. Bank of New York Mellon Corp increased its holdings in shares of Black Rock Coffee Bar by 50.1% in the 1st quarter. Bank of New York Mellon Corp now owns 1,161,703 shares of the company’s stock valued at $15,009,000 after acquiring an additional 387,553 shares during the period. Emerald Advisers LLC boosted its stake in Black Rock Coffee Bar by 22.4% during the 1st quarter. Emerald Advisers LLC now owns 749,626 shares of the company’s stock worth $9,685,000 after purchasing an additional 137,133 shares during the period. Jennison Associates LLC boosted its stake in Black Rock Coffee Bar by 59.9% during the 1st 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. Emerald Mutual Fund Advisers Trust grew its position in Black Rock Coffee Bar by 29.0% during the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 453,734 shares of the company’s stock worth $5,862,000 after purchasing an additional 101,945 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Black Rock Coffee Bar by 179.4% in the first quarter. Renaissance Technologies LLC now owns 207,600 shares of the company’s stock valued at $2,682,000 after buying an additional 133,296 shares during the last quarter.
About Black Rock Coffee Bar
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.
The company serves customers through locations across several U.S.
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