Massachusetts Financial Services Co. MA Raises Stock Holdings in Black Rock Coffee Bar, Inc. $BRCB

Massachusetts Financial Services Co. MA increased its stake in shares of Black Rock Coffee Bar, Inc. (NASDAQ:BRCB) by 19.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,105,320 shares of the company’s stock after purchasing an additional 176,480 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Black Rock Coffee Bar were worth $24,593,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Ares Management LLC purchased a new stake in shares of Black Rock Coffee Bar during the 3rd quarter worth $5,981,000. Federated Hermes Inc. purchased a new stake in shares of Black Rock Coffee Bar during the 3rd quarter worth $2,982,000. Emerald Mutual Fund Advisers Trust purchased a new stake in Black Rock Coffee Bar in the third quarter valued at about $4,023,000. Monashee Investment Management LLC purchased a new stake in Black Rock Coffee Bar in the third quarter valued at about $2,386,000. Finally, WCM Investment Management LLC purchased a new stake in Black Rock Coffee Bar in the third quarter valued at about $7,422,000.

Analyst Upgrades and Downgrades

A number of research firms have commented on BRCB. Weiss Ratings reiterated a “sell (e-)” rating on shares of Black Rock Coffee Bar in a research note on Monday, December 29th. Raymond James Financial decreased their price target on Black Rock Coffee Bar from $28.00 to $26.00 and set an “outperform” rating for the company in a research note on Wednesday, January 21st. Finally, DA Davidson began coverage on Black Rock Coffee Bar in a research note on Friday, March 6th. They issued a “buy” rating and a $21.00 price target for the company. Two investment analysts have 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 data from MarketBeat.com, Black Rock Coffee Bar presently has a consensus rating of “Hold” and an average target price of $23.50.

Black Rock Coffee Bar Stock Up 1.7%

Black Rock Coffee Bar stock opened at $14.36 on Thursday. The firm has a market capitalization of $718.80 million and a price-to-earnings ratio of -1,436.00. Black Rock Coffee Bar, Inc. has a 52 week low of $11.51 and a 52 week high of $30.40. The business’s 50-day moving average is $14.44. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.96 and a current ratio of 1.04.

Black Rock Coffee Bar (NASDAQ:BRCB) last posted its earnings results on Tuesday, March 3rd. The company reported $0.04 EPS 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.

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.