Black Rock Coffee Bar (NASDAQ:BRCB) Now Covered by DA Davidson

Equities researchers at DA Davidson initiated coverage on shares of Black Rock Coffee Bar (NASDAQ:BRCB) in a note issued to investors on Friday,Benzinga reports. The brokerage set a “buy” rating and a $21.00 price target on the stock. DA Davidson’s price target indicates a potential upside of 27.66% from the stock’s previous close.

Several other research analysts have also recently issued reports on the stock. Raymond James Financial cut their price target on shares of 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. Weiss Ratings reiterated a “sell (e-)” rating on shares of Black Rock Coffee Bar in a research report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $23.50.

Black Rock Coffee Bar Price Performance

Shares of NASDAQ BRCB opened at $16.45 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.29 and a debt-to-equity ratio of 0.18. The business’s fifty day moving average is $17.26. Black Rock Coffee Bar has a 1-year low of $11.51 and a 1-year high of $30.40. The firm has a market capitalization of $823.49 million and a P/E ratio of -329.00.

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

Hedge Funds Weigh In On Black Rock Coffee Bar

Several hedge funds have recently bought and sold shares of BRCB. Invesco Ltd. acquired a new position in Black Rock Coffee Bar during the third quarter worth $19,074,000. Woodline Partners LP purchased a new position in shares of Black Rock Coffee Bar in the third quarter valued at $12,445,000. Ameriprise Financial Inc. acquired a new position in shares of Black Rock Coffee Bar during the 3rd quarter worth $12,351,000. Wellington Management Group LLP boosted its position in shares of Black Rock Coffee Bar by 107.8% in the 4th quarter. Wellington Management Group LLP now owns 943,524 shares of the company’s stock worth $20,993,000 after buying an additional 489,559 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of Black Rock Coffee Bar by 31,676.4% in the 4th quarter. Franklin Resources Inc. now owns 482,048 shares of the company’s stock worth $10,726,000 after buying 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.