Black Rock Coffee Bar, Inc.'s Quiet Period Set To Expire on October 22nd (NASDAQ:BRCB)

Key Points

• Black Rock Coffee Bar's (NASDAQ:BRCB) quiet period is set to expire on October 22nd after its public offering of 14,705,882 shares on September 12th, raising approximately $294 million.
• Following the expiration of the quiet period, research coverage by underwriters is expected to commence, potentially impacting stock analysis and investor interest.
• Zacks Research has recently upgraded Black Rock Coffee Bar's stock rating to "hold", with the current average rating also reflecting a hold status.

Black Rock Coffee Bar's (NASDAQ:BRCB - Get Free Report) quiet period will end on Wednesday, October 22nd. 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. During Black Rock Coffee Bar's quiet period, underwriters and any insiders that worked on the IPO are restricted from issuing any research reports for the company because of SEC regulations. Following the end of the company's quiet period, it's expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Analyst Ratings Changes

Separately, Zacks Research upgraded Black Rock Coffee Bar to a "hold" rating in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Black Rock Coffee Bar currently has an average rating of "Hold".

Black Rock Coffee Bar Stock Performance

NASDAQ BRCB traded up $0.06 on Wednesday, hitting $24.81. The stock had a trading volume of 162,840 shares, compared to its average volume of 564,140. Black Rock Coffee Bar has a one year low of $20.39 and a one year high of $30.40.

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.

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