Black Rock Coffee Bar, Inc. (NASDAQ:BRCB – Get Free Report) shares hit a new 52-week low on Tuesday . The stock traded as low as $18.77 and last traded at $19.19, with a volume of 60718 shares changing hands. The stock had previously closed at $19.58.
Wall Street Analyst Weigh In
BRCB has been the topic of several analyst reports. Zacks Research raised Black Rock Coffee Bar to a “hold” rating in a research report on Wednesday, October 8th. Raymond James Financial lowered their price target on Black Rock Coffee Bar from $28.00 to $26.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, Weiss Ratings reaffirmed a “sell (e-)” rating on shares of Black Rock Coffee Bar in a research report on Monday, December 29th. One investment analyst has 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, the company presently has a consensus rating of “Hold” and a consensus target price of $26.00.
View Our Latest Stock Analysis on Black Rock Coffee Bar
Black Rock Coffee Bar Trading Up 1.1%
Black Rock Coffee Bar (NASDAQ:BRCB – Get Free Report) last released its quarterly earnings results on Tuesday, November 11th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.19. The firm had revenue of $51.47 million during the quarter, compared to analysts’ expectations of $51.03 million.
Institutional Investors Weigh In On Black Rock Coffee Bar
Hedge funds and other institutional investors have recently made changes to their positions in the business. Franklin Resources Inc. purchased a new position in shares of Black Rock Coffee Bar in the third quarter worth approximately $36,000. Roxbury Financial LLC bought a new position in Black Rock Coffee Bar in the fourth quarter worth approximately $39,000. FNY Investment Advisers LLC purchased a new position in shares of Black Rock Coffee Bar during the 3rd quarter worth $50,000. US Bancorp DE bought a new stake in shares of Black Rock Coffee Bar during the 3rd quarter valued at $89,000. Finally, Susquehanna International Group LLP purchased a new stake in shares of Black Rock Coffee Bar in the 3rd quarter worth $207,000.
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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