Key Points
- Insider buying: Black Rock Coffee Bar insider Michael Ryan Schmidt purchased 7,100 shares at $6.98 each, totaling $49,558. The filing shows he now owns 7,100 shares.
- Recent earnings missed estimates: The company reported quarterly EPS of $0.02, below analyst expectations of $0.04, on revenue of $55.45 million.
- Analyst sentiment remains positive but cautious: Wall Street still has a consensus Moderate Buy rating with an average price target of $18.75, though several firms recently trimmed their targets.
Black Rock Coffee Bar, Inc. (NASDAQ:BRCB - Get Free Report) CMO Jessica Michele Wegener-Beyer bought 3,098 shares of Black Rock Coffee Bar stock in a transaction on Wednesday, May 20th. The shares were purchased at an average cost of $6.46 per share, for a total transaction of $20,013.08. Following the completion of the purchase, the chief marketing officer directly owned 3,098 shares of the company's stock, valued at $20,013.08. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.
Black Rock Coffee Bar Price Performance
Shares of BRCB stock opened at $6.58 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.87 and a quick ratio of 0.77. The firm's 50-day moving average is $12.83 and its two-hundred day moving average is $17.18. Black Rock Coffee Bar, Inc. has a 12 month low of $6.13 and a 12 month high of $30.40. The company has a market capitalization of $329.37 million and a PE ratio of 658.00.
Black Rock Coffee Bar (NASDAQ:BRCB - Get Free Report) last issued its earnings results on Tuesday, May 12th. The company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.02). The business had revenue of $55.45 million for the quarter. Analysts predict that Black Rock Coffee Bar, Inc. will post 0.26 earnings per share for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. lifted its stake 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 worth $31,109,000 after acquiring an additional 50,845 shares during the last quarter. Bank of New York Mellon Corp lifted its stake 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 worth $15,009,000 after acquiring an additional 387,553 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Black Rock Coffee Bar by 19.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,105,320 shares of the company's stock worth $24,593,000 after acquiring an additional 176,480 shares during the last quarter. Wellington Management Group LLP lifted its stake in Black Rock Coffee Bar by 107.8% in the fourth 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. Finally, Invesco Ltd. lifted its stake in Black Rock Coffee Bar by 5.2% in the fourth 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.
Analyst Ratings Changes
BRCB has been the subject of a number of recent analyst reports. DA Davidson dropped their price target on shares of 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 dropped their price target on shares of 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. Stifel Nicolaus dropped their price target on shares of 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. Finally, Morgan Stanley dropped their price target on shares of 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. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Black Rock Coffee Bar presently has an average rating of "Moderate Buy" and a consensus price target of $18.75.
Get Our Latest Stock Report on BRCB
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.
Further Reading
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