Jennison Associates LLC Sells 217,613 Shares of Black Rock Coffee Bar, Inc. $BRCB

Key Points

• Jennison Associates cut its stake in Black Rock Coffee Bar by 37.3% in Q4, selling 217,613 shares and now holds 365,114 shares (about 0.73% of the company) valued at roughly $8.12 million.
• Black Rock posted $0.04 EPS for the quarter, beating the $0.03 estimate while revenue of $53.64 million was essentially in line, and analysts’ views are mixed with a consensus "Hold" rating and an average price target of $21 after several recent cuts.
• The stock opened at $12.08 (one‑year range $11.51–$30.40) with a market cap of $604.7M and a negative P/E (-1,208), signaling the company is still unprofitable on a trailing basis.

Jennison Associates LLC decreased its stake in shares of Black Rock Coffee Bar, Inc. (NASDAQ:BRCB - Free Report) by 37.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 365,114 shares of the company's stock after selling 217,613 shares during the period. Jennison Associates LLC owned approximately 0.73% of Black Rock Coffee Bar worth $8,124,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Franklin Resources Inc. bought a new stake in shares of Black Rock Coffee Bar during the 3rd quarter valued at about $36,000. Roxbury Financial LLC bought a new stake in shares of Black Rock Coffee Bar during the 4th quarter valued at about $39,000. FNY Investment Advisers LLC bought a new stake in shares of Black Rock Coffee Bar during the 3rd quarter valued at about $50,000. US Bancorp DE bought a new stake in shares of Black Rock Coffee Bar during the 3rd quarter valued at about $89,000. Finally, Susquehanna International Group LLP bought a new stake in shares of Black Rock Coffee Bar during the 3rd quarter valued at about $207,000.

Black Rock Coffee Bar Trading Down 1.6%

NASDAQ:BRCB opened at $12.08 on Friday. Black Rock Coffee Bar, Inc. has a one year low of $11.51 and a one year high of $30.40. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.04 and a quick ratio of 0.96. The company's 50-day simple moving average is $14.19 and its 200 day simple moving average is $18.63. The firm has a market capitalization of $604.72 million and a P/E ratio of -1,208.00.

Black Rock Coffee Bar (NASDAQ:BRCB - Get Free Report) last posted its quarterly earnings data on Tuesday, March 3rd. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.03 by $0.01. The business had revenue of $53.64 million for the quarter, compared to the consensus estimate of $53.70 million. As a group, analysts forecast that Black Rock Coffee Bar, Inc. will post 0.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Morgan Stanley dropped their price objective on shares of Black Rock Coffee Bar from $28.00 to $22.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 21st. DA Davidson assumed coverage on shares of Black Rock Coffee Bar in a research note on Friday, March 6th. They set a "buy" rating and a $21.00 price objective on the stock. Finally, Raymond James Financial dropped their price objective on shares of Black Rock Coffee Bar from $22.00 to $20.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 21st. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $21.00.

Black Rock Coffee Bar 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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