Piper Sandler Upgrades Black Rock Coffee Bar (NASDAQ:BRCB) to “Hold”

Black Rock Coffee Bar (NASDAQ:BRCB) was upgraded by equities researchers at Piper Sandler to a “hold” rating in a research report issued on Monday,Zacks.com reports.

A number of other brokerages also recently commented on BRCB. Raymond James Financial decreased their target price on Black Rock Coffee Bar from $22.00 to $20.00 and set an “outperform” rating for the company in a research note on Tuesday, April 21st. Weiss Ratings restated a “sell (e)” rating on shares of Black Rock Coffee Bar in a research note on Friday, May 29th. Stifel Nicolaus decreased their target price on Black Rock Coffee Bar from $27.00 to $18.00 and set a “buy” rating for the company in a research note on Wednesday, May 13th. Wall Street Zen upgraded Black Rock Coffee Bar from a “sell” rating to a “hold” rating in a research note on Sunday. Finally, Morgan Stanley cut their price target on Black Rock Coffee Bar from $28.00 to $22.00 and set an “overweight” rating on the stock in a report on Tuesday, April 21st. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $16.80.

Black Rock Coffee Bar Stock Down 1.9%

NASDAQ:BRCB opened at $6.19 on Monday. The company has a market capitalization of $309.87 million and a price-to-earnings ratio of 619.00. Black Rock Coffee Bar has a one year low of $6.11 and a one year high of $30.40. The stock has a 50-day simple moving average of $10.82 and a 200 day simple moving average of $15.83. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.77 and a current ratio of 0.87.

Black Rock Coffee Bar (NASDAQ:BRCB) last issued its earnings results on Tuesday, May 12th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). The business had revenue of $55.45 million during the quarter. Sell-side analysts predict that Black Rock Coffee Bar will post 0.21 EPS for the current fiscal year.

Insider Activity

In other Black Rock Coffee Bar news, insider Michael Ryan Schmidt purchased 7,100 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were bought at an average price of $6.98 per share, with a total value of $49,558.00. Following the completion of the acquisition, the insider owned 7,100 shares in the company, valued at approximately $49,558. This represents a ? increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Cynosure Group, Llc purchased 13,642,712 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were acquired at an average cost of $5.35 per share, for a total transaction of $72,988,509.20. Following the acquisition, the director owned 19,915,304 shares of the company’s stock, valued at approximately $106,546,876.40. The trade was a 217.50% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have acquired 13,698,923 shares of company stock valued at $73,357,952. Insiders own 32.04% of the company’s stock.

Institutional Investors Weigh In On Black Rock Coffee Bar

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. bought a new stake in Black Rock Coffee Bar during the fourth quarter worth approximately $29,000. Franklin Resources Inc. bought a new stake in Black Rock Coffee Bar during the third quarter worth approximately $36,000. Roxbury Financial LLC bought a new stake in Black Rock Coffee Bar during the fourth quarter worth approximately $39,000. FNY Investment Advisers LLC bought a new stake in Black Rock Coffee Bar during the third quarter worth approximately $50,000. Finally, Bank of America Corp DE raised its holdings in Black Rock Coffee Bar by 1.9% during the first quarter. Bank of America Corp DE now owns 143,896 shares of the company’s stock worth $1,859,000 after purchasing an additional 2,631 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.