Key Points
- Director Cynosure Group, LLC bought 13.64 million shares of Black Rock Coffee Bar at an average price of $5.35, a transaction worth about $72.99 million. After the purchase, the director’s stake rose to 19.92 million shares, a 217.5% increase.
- Black Rock Coffee Bar shares fell 3.3% and recently opened at $6.68, giving the company a market cap of about $334.4 million. The stock is trading near its 1-year low of $6.64, well below its 50-day and 200-day moving averages.
- The company missed quarterly earnings estimates, reporting EPS of $0.02 versus the expected $0.04, on revenue of $55.45 million. Analysts currently rate the stock a Moderate Buy with an average price target of $18.75.
Black Rock Coffee Bar, Inc. (NASDAQ:BRCB - Get Free Report) Director Cynosure Group, Llc bought 13,642,712 shares of Black Rock Coffee Bar stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average price of $5.35 per share, with a total value of $72,988,509.20. Following the completion of the acquisition, the director directly owned 19,915,304 shares of the company's stock, valued at $106,546,876.40. This represents a 217.50% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Black Rock Coffee Bar Trading Down 3.3%
Shares of NASDAQ:BRCB opened at $6.68 on Wednesday. The stock has a market capitalization of $334.40 million and a price-to-earnings ratio of -668.00. Black Rock Coffee Bar, Inc. has a 1-year low of $6.64 and a 1-year high of $30.40. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.77 and a current ratio of 0.87. The company has a 50 day moving average price of $13.21 and a 200 day moving average price of $17.45.
Black Rock Coffee Bar (NASDAQ:BRCB - Get Free Report) last issued its earnings results on Tuesday, May 12th. The company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.02). The company had revenue of $55.45 million for the quarter. On average, research analysts anticipate that Black Rock Coffee Bar, Inc. will post 0.26 EPS for the current fiscal year.
Hedge Funds Weigh In On Black Rock Coffee Bar
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new position in Black Rock Coffee Bar in the 4th quarter worth approximately $29,000. Franklin Resources Inc. acquired a new stake in Black Rock Coffee Bar during the 3rd quarter worth about $36,000. Roxbury Financial LLC acquired a new stake in Black Rock Coffee Bar during the 4th quarter worth about $39,000. FNY Investment Advisers LLC acquired a new stake in Black Rock Coffee Bar during the 3rd quarter worth about $50,000. Finally, Strs Ohio acquired a new stake in Black Rock Coffee Bar during the 4th quarter worth about $65,000.
Analyst Ratings Changes
BRCB has been the subject of a number of recent analyst reports. Morgan Stanley decreased their price target 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. DA Davidson decreased their price target on Black Rock Coffee Bar from $16.00 to $15.00 and set a "buy" rating for the company in a research report on Wednesday, May 13th. Raymond James Financial decreased their price target on Black Rock Coffee Bar from $22.00 to $20.00 and set an "outperform" rating for the company in a research report on Tuesday, April 21st. Finally, Stifel Nicolaus decreased their price target on Black Rock Coffee Bar from $27.00 to $18.00 and set a "buy" rating for the company in a research report on Wednesday, May 13th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $18.75.
Check Out Our Latest Research Report on Black Rock Coffee Bar
About Black Rock Coffee Bar
(
Get Free Report)
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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