Black Rock Coffee Bar's (BRCB) Neutral Rating Reiterated at Robert W. Baird

Key Points

• Robert W. Baird reiterated its “neutral” rating on Black Rock Coffee Bar but lowered its price target from $12 to $10, implying approximately 8.1% upside from the prior close.
• Analyst sentiment remains mixed but leans toward caution: the stock has a consensus “Hold” rating and an average price target of $11.50, while recent targets range from $9 to $18.
• Black Rock reported quarterly EPS of $0.06, missing expectations by $0.01, on revenue of $63 million. Shares opened at $9.25, well below their 52-week high of $30.40.

Black Rock Coffee Bar (NASDAQ:BRCB - Get Free Report)'s stock had its "neutral" rating restated by Robert W. Baird in a note issued to investors on Monday, Marketbeat reports. They presently have a $10.00 price target on the stock, down from their previous price target of $12.00. Robert W. Baird's price objective indicates a potential upside of 8.11% from the company's previous close.

Other research analysts have also recently issued research reports about the company. Raymond James Financial set a $13.00 price objective on Black Rock Coffee Bar in a research note on Wednesday, August 12th. Weiss Ratings raised Black Rock Coffee Bar from a "sell (e)" rating to a "sell (d-)" rating in a report on Thursday, June 11th. Morgan Stanley downgraded Black Rock Coffee Bar from an "overweight" rating to an "equal weight" rating and cut their price target for the stock from $22.00 to $9.00 in a research note on Wednesday, July 15th. Stifel Nicolaus reduced their target price on shares of 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. Finally, Piper Sandler initiated coverage on shares of Black Rock Coffee Bar in a report on Monday, June 8th. They set a "neutral" rating and a $9.00 target price on the stock. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $11.50.

Black Rock Coffee Bar Price Performance

Shares of NASDAQ BRCB opened at $9.25 on Monday. The stock has a market cap of $463.15 million and a price-to-earnings ratio of 132.16. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.62 and a current ratio of 0.71. Black Rock Coffee Bar has a fifty-two week low of $6.11 and a fifty-two week high of $30.40. The firm's 50-day simple moving average is $7.95 and its 200 day simple moving average is $10.76.

Black Rock Coffee Bar (NASDAQ:BRCB - Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). The company had revenue of $63.00 million for the quarter. Black Rock Coffee Bar had a return on equity of 1.46% and a net margin of 0.69%. As a group, research analysts anticipate that Black Rock Coffee Bar will post 0.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Black Rock Coffee Bar

Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE lifted its position 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 valued at $1,859,000 after purchasing an additional 2,631 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Black Rock Coffee Bar by 179.4% in the 1st quarter. Renaissance Technologies LLC now owns 207,600 shares of the company's stock worth $2,682,000 after purchasing an additional 133,296 shares in the last quarter. Sei Investments Co. raised its holdings in shares of Black Rock Coffee Bar by 58.2% during the 1st quarter. Sei Investments Co. now owns 62,607 shares of the company's stock valued at $809,000 after buying an additional 23,040 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Black Rock Coffee Bar by 106.7% during the first quarter. PNC Financial Services Group Inc. now owns 8,219 shares of the company's stock valued at $106,000 after acquiring an additional 4,243 shares during the last quarter. Finally, Jennison Associates LLC lifted its holdings in shares of Black Rock Coffee Bar by 59.9% in the 1st quarter. Jennison Associates LLC now owns 583,806 shares of the company's stock worth $7,543,000 after acquiring an additional 218,692 shares during the last quarter.

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.

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