Black Rock Coffee Bar, Inc. (NASDAQ:BRCB – Get Free Report) saw an uptick in trading volume on Thursday . 1,093,715 shares were traded during mid-day trading, an increase of 218% from the previous session’s volume of 344,417 shares.The stock last traded at $18.13 and had previously closed at $17.81.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the stock. Zacks Research upgraded shares of Black Rock Coffee Bar to a “hold” rating in a research note on Wednesday, October 8th. Raymond James Financial decreased their price target on shares of Black Rock Coffee Bar from $28.00 to $26.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Weiss Ratings reissued a “sell (e-)” rating on shares of Black Rock Coffee Bar in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Black Rock Coffee Bar has an average rating of “Hold” and a consensus price target of $26.00.
Read Our Latest Stock Report on Black Rock Coffee Bar
Black Rock Coffee Bar Price Performance
Black Rock Coffee Bar (NASDAQ:BRCB – Get Free Report) last released its earnings results on Tuesday, November 11th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.24) by $0.19. The company had revenue of $51.47 million during the quarter, compared to the consensus estimate of $51.03 million.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the company. Invesco Ltd. acquired a new position in shares of Black Rock Coffee Bar in the 3rd quarter worth approximately $19,074,000. Woodline Partners LP bought a new position in Black Rock Coffee Bar during the third quarter worth $12,445,000. Ameriprise Financial Inc. acquired a new position in Black Rock Coffee Bar in the third quarter worth $12,351,000. Wellington Management Group LLP bought a new stake in Black Rock Coffee Bar during the third quarter valued at $10,832,000. Finally, Raymond James Financial Inc. bought a new stake in Black Rock Coffee Bar during the third quarter valued at $9,726,000.
About Black Rock Coffee Bar
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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