Key Points
- Black Rock Coffee Bar COO Clay Howard Geyer bought 45,080 shares on May 21 at an average price of $6.51, spending about $293,470.80. After the purchase, his direct stake rose to 57,580 shares, a 360.64% increase.
- Geyer also made another purchase the next day, buying 925 shares on May 22 at $6.86 per share for $6,345.50. The insider buying was disclosed in an SEC filing.
- Shares of Black Rock Coffee Bar were up 3.5% in the session, while analysts currently rate the stock a Moderate Buy with a consensus price target of $18.75. The company recently reported quarterly EPS of $0.02, missing estimates of $0.04.
Black Rock Coffee Bar, Inc. (NASDAQ:BRCB - Get Free Report) COO Clay Howard Geyer purchased 45,080 shares of the company's stock in a transaction on Thursday, May 21st. The shares were bought at an average price of $6.51 per share, for a total transaction of $293,470.80. Following the completion of the transaction, the chief operating officer directly owned 57,580 shares in the company, valued at $374,845.80. This represents a 360.64% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Clay Howard Geyer also recently made the following trade(s):
- On Friday, May 22nd, Clay Howard Geyer bought 925 shares of Black Rock Coffee Bar stock. The stock was acquired at an average price of $6.86 per share, for a total transaction of $6,345.50.
Black Rock Coffee Bar Stock Up 3.5%
NASDAQ BRCB opened at $6.81 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 company's 50 day simple moving average is $12.63 and its 200 day simple moving average is $17.11. 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 $340.91 million and a P/E ratio of 681.00.
Black Rock Coffee Bar (NASDAQ:BRCB - Get Free Report) last released 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 company had revenue of $55.45 million for the quarter. Equities research analysts expect that Black Rock Coffee Bar, Inc. will post 0.26 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Black Rock Coffee Bar
A number of large investors have recently made changes to their positions in BRCB. Russell Investments Group Ltd. acquired a new stake in shares of Black Rock Coffee Bar during the fourth quarter valued at approximately $29,000. Franklin Resources Inc. acquired a new stake in shares of Black Rock Coffee Bar during the third quarter valued at approximately $36,000. Roxbury Financial LLC acquired a new stake in shares of Black Rock Coffee Bar during the fourth quarter valued at approximately $39,000. FNY Investment Advisers LLC acquired a new stake in shares of Black Rock Coffee Bar during the third quarter valued at approximately $50,000. Finally, Strs Ohio acquired a new stake in shares of Black Rock Coffee Bar during the fourth quarter valued at approximately $65,000.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on BRCB shares. Stifel Nicolaus dropped their target price on shares of Black Rock Coffee Bar from $27.00 to $18.00 and set a "buy" rating on the stock in a report on Wednesday, May 13th. DA Davidson dropped their target price on shares of Black Rock Coffee Bar from $16.00 to $15.00 and set a "buy" rating on the stock in a report on Wednesday, May 13th. Morgan Stanley dropped their target price on shares of Black Rock Coffee Bar from $28.00 to $22.00 and set an "overweight" rating on the stock in a report on Tuesday, April 21st. Finally, Raymond James Financial dropped their target price on shares of Black Rock Coffee Bar from $22.00 to $20.00 and set an "outperform" rating on the stock in a report on Tuesday, April 21st. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $18.75.
View Our Latest Analysis 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.
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