Piper Sandler Upgrades Black Rock Coffee Bar (NASDAQ:BRCB) to “Hold”

Black Rock Coffee Bar (NASDAQ:BRCB) was upgraded by Piper Sandler to a “hold” rating in a report released on Monday,Zacks.com reports.

Several other equities analysts have also recently commented on BRCB. Stifel Nicolaus lowered their price target 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. Weiss Ratings restated a “sell (e)” rating on shares of Black Rock Coffee Bar in a report on Friday, May 29th. Wall Street Zen upgraded shares of Black Rock Coffee Bar from a “sell” rating to a “hold” rating in a report on Sunday. Morgan Stanley lowered their price target 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, DA Davidson decreased their price objective on shares of Black Rock Coffee Bar from $16.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, May 13th. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Black Rock Coffee Bar has an average rating of “Hold” and a consensus price target of $16.80.

Black Rock Coffee Bar Trading Down 1.9%

NASDAQ BRCB opened at $6.19 on Monday. The firm’s 50 day moving average price is $10.82 and its two-hundred day moving average price is $15.83. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.77 and a current ratio of 0.87. Black Rock Coffee Bar has a twelve month low of $6.11 and a twelve month high of $30.40. The stock has a market cap of $309.87 million and a price-to-earnings ratio of 619.00.

Black Rock Coffee Bar (NASDAQ:BRCB) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.02). The firm had revenue of $55.45 million for the quarter. Equities analysts anticipate that Black Rock Coffee Bar will post 0.21 EPS for the current year.

Insider Buying and Selling

In other Black Rock Coffee Bar news, COO Clay Howard Geyer acquired 45,080 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was purchased at an average cost of $6.51 per share, for a total transaction of $293,470.80. Following the completion of the acquisition, the chief operating officer owned 57,580 shares of the company’s stock, valued at approximately $374,845.80. This trade represents a 360.64% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Cynosure Group, Llc acquired 13,642,712 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was 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 SEC filing for this purchase provides additional information. Over the last three months, insiders acquired 13,698,923 shares of company stock worth $73,357,952. Corporate insiders own 32.04% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. acquired a new position in Black Rock Coffee Bar during the 4th quarter worth $29,000. Franklin Resources Inc. acquired a new position in Black Rock Coffee Bar during the 3rd quarter worth $36,000. Roxbury Financial LLC acquired a new position in Black Rock Coffee Bar during the 4th quarter worth $39,000. FNY Investment Advisers LLC acquired a new position in Black Rock Coffee Bar during the 3rd quarter worth $50,000. Finally, Strs Ohio acquired a new position in Black Rock Coffee Bar during the 4th quarter worth $65,000.

Black Rock Coffee Bar Company Profile

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.