Black Rock Coffee Bar (NASDAQ:BRCB) Coverage Initiated at DA Davidson

Stock analysts at DA Davidson assumed coverage on shares of Black Rock Coffee Bar (NASDAQ:BRCB) in a note issued to investors on Friday, Marketbeat Ratings reports. The brokerage set a “buy” rating and a $21.00 price target on the stock. DA Davidson’s price target would indicate a potential upside of 26.28% from the company’s current price.

A number of other equities research analysts have also recently weighed in on BRCB. Weiss Ratings restated a “sell (e-)” rating on shares of Black Rock Coffee Bar in a report on Monday, December 29th. Raymond James Financial reduced their price objective 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. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $23.50.

Black Rock Coffee Bar Stock Up 1.1%

Shares of NASDAQ BRCB opened at $16.63 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.04 and a quick ratio of 1.29. Black Rock Coffee Bar has a 52 week low of $11.51 and a 52 week high of $30.40. The company has a 50-day moving average of $17.12. The firm has a market capitalization of $832.50 million and a PE ratio of -332.60.

Black Rock Coffee Bar (NASDAQ:BRCB) last issued its earnings results on Tuesday, March 3rd. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.01. The company had revenue of $53.64 million for the quarter, compared to analyst estimates of $53.70 million.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BRCB. Invesco Ltd. purchased a new stake in Black Rock Coffee Bar in the 3rd quarter valued at approximately $19,074,000. Woodline Partners LP purchased a new position in Black Rock Coffee Bar during the third quarter worth $12,445,000. Ameriprise Financial Inc. purchased a new position in Black Rock Coffee Bar during the third quarter worth $12,351,000. Wellington Management Group LLP raised its holdings in shares of Black Rock Coffee Bar by 107.8% in the fourth quarter. Wellington Management Group LLP now owns 943,524 shares of the company’s stock worth $20,993,000 after acquiring an additional 489,559 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Black Rock Coffee Bar by 31,676.4% in the fourth quarter. Franklin Resources Inc. now owns 482,048 shares of the company’s stock valued at $10,726,000 after acquiring an additional 480,531 shares in the last quarter.

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.