Black Rock Coffee Bar’s (NASDAQ:BRCB – Get Free Report) lock-up period will end on Wednesday, March 11th. Black Rock Coffee Bar had issued 14,705,882 shares in its public offering on September 12th. The total size of the offering was $294,117,640 based on an initial share price of $20.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on BRCB shares. Weiss Ratings reissued a “sell (e-)” rating on shares of Black Rock Coffee Bar in a research report on Monday, December 29th. Raymond James Financial dropped their target price on Black Rock Coffee Bar from $28.00 to $26.00 and set an “outperform” rating for the company in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $26.00.
Check Out Our Latest Report on Black Rock Coffee Bar
Black Rock Coffee Bar Stock Up 7.3%
Institutional Investors Weigh In On Black Rock Coffee Bar
A number of hedge funds and other institutional investors have recently bought and sold shares of BRCB. Russell Investments Group Ltd. acquired a new position in Black Rock Coffee Bar in the fourth quarter worth $29,000. Franklin Resources Inc. acquired a new stake in shares of Black Rock Coffee Bar in the third quarter valued at $36,000. Roxbury Financial LLC bought a new position in shares of Black Rock Coffee Bar in the fourth quarter valued at about $39,000. FNY Investment Advisers LLC acquired a new position in Black Rock Coffee Bar during the 3rd quarter worth about $50,000. Finally, Strs Ohio bought a new stake in Black Rock Coffee Bar during the 4th quarter worth about $65,000.
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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