Peregrine Capital Management LLC Makes New Investment in Black Rock Coffee Bar, Inc. $BRCB

Key Points

• Peregrine Capital Management opened a new Q4 position in Black Rock Coffee Bar, buying 271,990 shares (~$6.05 million) and owning about 0.54% of the company.
• BRCB shares opened at $12.70 and were down 5.6%; the company has a market cap of ~$635.8M, a 52‑week range of $11.51–$30.40, and reported quarterly EPS of $0.04 (beating consensus by $0.01) with revenue essentially in line.
• Analyst views are mixed—three Buys, one Hold and one Sell—producing an average rating of Hold and an average price target of $21.00, while several large managers (MFS, Invesco, Woodline, Ameriprise, Wellington) have recently added or increased positions.

Peregrine Capital Management LLC purchased a new position in Black Rock Coffee Bar, Inc. (NASDAQ:BRCB - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 271,990 shares of the company's stock, valued at approximately $6,052,000. Peregrine Capital Management LLC owned 0.54% of Black Rock Coffee Bar at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of BRCB. Massachusetts Financial Services Co. MA boosted its position in shares of Black Rock Coffee Bar by 19.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,105,320 shares of the company's stock worth $24,593,000 after acquiring an additional 176,480 shares during the last quarter. Invesco Ltd. bought a new position in shares of Black Rock Coffee Bar during the third quarter worth $19,074,000. Woodline Partners LP bought a new position in shares of Black Rock Coffee Bar during the third quarter worth $12,445,000. Ameriprise Financial Inc. bought a new position in shares of Black Rock Coffee Bar during the third quarter worth $12,351,000. Finally, Wellington Management Group LLP bought a new position in shares of Black Rock Coffee Bar during the third quarter worth $10,832,000.

Black Rock Coffee Bar Stock Down 5.6%

BRCB stock opened at $12.70 on Friday. Black Rock Coffee Bar, Inc. has a 52 week low of $11.51 and a 52 week high of $30.40. 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 company's fifty day simple moving average is $14.31. The company has a market capitalization of $635.76 million and a price-to-earnings ratio of -1,270.00.

Black Rock Coffee Bar (NASDAQ:BRCB - Get Free Report) last released its quarterly earnings data on Tuesday, March 3rd. The company reported $0.04 EPS for the quarter, beating 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 anticipate that Black Rock Coffee Bar, Inc. will post 0.28 EPS for the current year.

Analyst Ratings Changes

BRCB has been the subject of a number of research reports. DA Davidson initiated coverage on shares of Black Rock Coffee Bar in a research report on Friday, March 6th. They set a "buy" rating and a $21.00 target price for the company. Raymond James Financial dropped their target price on shares of Black Rock Coffee Bar from $22.00 to $20.00 and set an "outperform" rating for the company in a research report on Tuesday. Morgan Stanley dropped their target price on shares of Black Rock Coffee Bar from $28.00 to $22.00 and set an "overweight" rating for the company in a research report on Tuesday. Finally, Weiss Ratings restated a "sell (e-)" rating on shares of Black Rock Coffee Bar in a research report on Monday, December 29th. Three equities 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 company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $21.00.

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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