Massachusetts Financial Services Co. MA Buys 176,480 Shares of Black Rock Coffee Bar, Inc. $BRCB

Key Points

• Massachusetts Financial Services increased its stake in Black Rock Coffee Bar (NASDAQ:BRCB) by 19% in Q4, buying 176,480 shares to hold 1,105,320 shares (2.21%) valued at about $24.59 million.
• Black Rock Coffee Bar beat Q4 EPS estimates ($0.04 vs. $0.03) with revenue roughly in line at $53.64 million; the stock has a market cap of ~$718.8M, a negative PE, a one‑year range of $11.51–$30.40, and mixed analyst coverage (average "Hold" rating, $23.50 price target).

Massachusetts Financial Services Co. MA increased its stake in shares of Black Rock Coffee Bar, Inc. (NASDAQ:BRCB - Free Report) by 19.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,105,320 shares of the company's stock after purchasing an additional 176,480 shares during the quarter. Massachusetts Financial Services Co. MA owned 2.21% of Black Rock Coffee Bar worth $24,593,000 at the end of the most recent quarter.

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

Black Rock Coffee Bar Price Performance

Shares of NASDAQ BRCB opened at $14.36 on Thursday. The company has a quick ratio of 0.96, a current ratio of 1.04 and a debt-to-equity ratio of 0.25. The stock has a market cap of $718.80 million and a PE ratio of -1,436.00. Black Rock Coffee Bar, Inc. has a 1-year low of $11.51 and a 1-year high of $30.40. The stock's fifty day moving average is $14.44.

Black Rock Coffee Bar (NASDAQ:BRCB - Get Free Report) last issued its quarterly earnings data on Tuesday, March 3rd. The company reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.01. The company had revenue of $53.64 million for the quarter, compared to analysts' expectations of $53.70 million.

Wall Street Analyst Weigh In

Several brokerages have commented on BRCB. DA Davidson began coverage on Black Rock Coffee Bar in a research report on Friday, March 6th. They issued a "buy" rating and a $21.00 price objective on the stock. Raymond James Financial cut their price objective on Black Rock Coffee Bar from $28.00 to $26.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 21st. Finally, Weiss Ratings reaffirmed 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 given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $23.50.

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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