Brokerages Set Black Rock Coffee Bar, Inc. (NASDAQ:BRCB) PT at $11.80

Shares of Black Rock Coffee Bar, Inc. (NASDAQ:BRCB) have been assigned a consensus rating of “Hold” from the eight research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $11.50.

A number of equities analysts have recently commented on the stock. Robert W. Baird reissued a “neutral” rating and issued a $10.00 target price (down from $12.00) on shares of Black Rock Coffee Bar in a research note on Monday. DA Davidson lowered their price target on Black Rock Coffee Bar from $15.00 to $10.00 and set a “buy” rating for the company in a report on Wednesday, August 12th. Morgan Stanley lowered Black Rock Coffee Bar from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $22.00 to $9.00 in a research report on Wednesday, July 15th. Raymond James Financial set a $13.00 price objective on Black Rock Coffee Bar in a research note on Wednesday, August 12th. Finally, Piper Sandler assumed coverage on Black Rock Coffee Bar in a research report on Monday, June 8th. They issued a “neutral” rating and a $9.00 target price for the company.

Hedge Funds Weigh In On Black Rock Coffee Bar

A number of institutional investors and hedge funds have recently bought and sold shares of BRCB. Bank of America Corp DE grew its position in Black Rock Coffee Bar by 1.9% in the first quarter. Bank of America Corp DE now owns 143,896 shares of the company’s stock valued at $1,859,000 after acquiring an additional 2,631 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Black Rock Coffee Bar by 179.4% during the first quarter. Renaissance Technologies LLC now owns 207,600 shares of the company’s stock worth $2,682,000 after purchasing an additional 133,296 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Black Rock Coffee Bar by 58.2% in the first quarter. Sei Investments Co. now owns 62,607 shares of the company’s stock valued at $809,000 after purchasing an additional 23,040 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Black Rock Coffee Bar by 106.7% in the first quarter. PNC Financial Services Group Inc. now owns 8,219 shares of the company’s stock valued at $106,000 after purchasing an additional 4,243 shares during the period. Finally, Jennison Associates LLC grew its holdings in Black Rock Coffee Bar by 59.9% during the 1st quarter. Jennison Associates LLC now owns 583,806 shares of the company’s stock valued at $7,543,000 after purchasing an additional 218,692 shares in the last quarter.

Black Rock Coffee Bar Stock Down 0.5%

Shares of NASDAQ:BRCB opened at $9.07 on Friday. The stock has a 50-day simple moving average of $8.08 and a 200-day simple moving average of $10.59. The stock has a market capitalization of $454.16 million and a P/E ratio of 129.59. Black Rock Coffee Bar has a 1 year low of $6.11 and a 1 year high of $30.40. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.62 and a current ratio of 0.71.

Black Rock Coffee Bar (NASDAQ:BRCB) last posted its quarterly earnings results on Tuesday, August 11th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). Black Rock Coffee Bar had a net margin of 0.69% and a return on equity of 1.46%. The business had revenue of $63.00 million during the quarter. Equities analysts forecast that Black Rock Coffee Bar will post 0.21 earnings per share for the current year.

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.