Jennison Associates LLC Decreases Position in Black Rock Coffee Bar, Inc. $BRCB

Jennison Associates LLC cut its position in Black Rock Coffee Bar, Inc. (NASDAQ:BRCB) by 37.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 365,114 shares of the company’s stock after selling 217,613 shares during the period. Jennison Associates LLC’s holdings in Black Rock Coffee Bar were worth $8,124,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Franklin Resources Inc. purchased a new position in Black Rock Coffee Bar in the third quarter worth about $36,000. Roxbury Financial LLC purchased a new position in Black Rock Coffee Bar in the fourth quarter worth about $39,000. FNY Investment Advisers LLC purchased a new position in Black Rock Coffee Bar in the third quarter worth about $50,000. US Bancorp DE purchased a new position in Black Rock Coffee Bar in the third quarter worth about $89,000. Finally, Susquehanna International Group LLP purchased a new position in Black Rock Coffee Bar in the third quarter worth about $207,000.

Black Rock Coffee Bar Stock Down 1.6%

BRCB opened at $12.08 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.04 and a debt-to-equity ratio of 0.25. The firm has a 50 day moving average price of $14.19 and a 200-day moving average price of $18.63. Black Rock Coffee Bar, Inc. has a twelve month low of $11.51 and a twelve month high of $30.40. The stock has a market capitalization of $604.72 million and a price-to-earnings ratio of -1,208.00.

Black Rock Coffee Bar (NASDAQ:BRCB) last released its quarterly earnings data on Tuesday, March 3rd. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.01. The company had revenue of $53.64 million for the quarter, compared to analysts’ expectations of $53.70 million. Equities research analysts forecast that Black Rock Coffee Bar, Inc. will post 0.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on BRCB shares. DA Davidson started coverage on shares of Black Rock Coffee Bar in a report on Friday, March 6th. They issued a “buy” rating and a $21.00 target price for the company. Raymond James Financial decreased their target price on shares of Black Rock Coffee Bar from $22.00 to $20.00 and set an “outperform” rating for the company in a report on Tuesday, April 21st. Finally, Morgan Stanley decreased their target price on shares of Black Rock Coffee Bar from $28.00 to $22.00 and set an “overweight” rating for the company in a report on Tuesday, April 21st. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $21.00.

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.