Black Rock Coffee Bar, Inc.’s (NASDAQ:BRCB) Quiet Period Will Expire on October 22nd

Black Rock Coffee Bar’s (NASDAQ:BRCB) quiet period will expire on Wednesday, October 22nd. Black Rock Coffee Bar had issued 14,705,882 shares in its IPO on September 12th. The total size of the offering was $294,117,640 based on an initial share price of $20.00. During the company’s quiet period, underwriters and any insiders that worked on the IPO are prevented from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analyst Ratings Changes

Several brokerages have issued reports on BRCB. Zacks Research raised Black Rock Coffee Bar to a “hold” rating in a research report on Wednesday, October 8th. Raymond James Financial reaffirmed an “outperform” rating and set a $28.00 target price (up from $26.00) on shares of Black Rock Coffee Bar in a report on Thursday. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $28.00.

Black Rock Coffee Bar Stock Down 5.6%

NASDAQ:BRCB opened at $23.42 on Friday. Black Rock Coffee Bar has a 52 week low of $20.39 and a 52 week high of $30.40.

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.