Black Rock Coffee Bar (NASDAQ:BRCB) Sets New 52-Week Low – Here’s What Happened

Black Rock Coffee Bar, Inc. (NASDAQ:BRCB) hit a new 52-week low on Wednesday . The company traded as low as $20.25 and last traded at $20.68, with a volume of 26945 shares traded. The stock had previously closed at $20.73.

Analyst Ratings Changes

BRCB has been the topic of a number of recent research reports. Zacks Research raised Black Rock Coffee Bar to a “hold” rating in a research report on Wednesday, October 8th. Raymond James Financial reissued an “outperform” rating and set a $28.00 price target (up from $26.00) on shares of Black Rock Coffee Bar in a research report on Thursday, October 16th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

Black Rock Coffee Bar Stock Performance

Black Rock Coffee Bar (NASDAQ:BRCB) last announced its earnings results on Tuesday, November 11th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.19. The business had revenue of $51.47 million for the quarter, compared to analyst estimates of $51.03 million. Black Rock Coffee Bar has set its FY 2025 guidance at EPS.

Institutional Trading of Black Rock Coffee Bar

Several large investors have recently bought and sold shares of BRCB. CenterStar Asset Management LLC purchased a new position in shares of Black Rock Coffee Bar in the third quarter worth $209,000. Emerald Mutual Fund Advisers Trust acquired a new position in shares of Black Rock Coffee Bar in the 3rd quarter valued at $4,023,000. Federated Hermes Inc. purchased a new position in Black Rock Coffee Bar in the 3rd quarter worth $2,982,000. WCM Investment Management LLC acquired a new stake in Black Rock Coffee Bar during the 3rd quarter worth about $7,422,000. Finally, JPMorgan Chase & Co. acquired a new position in shares of Black Rock Coffee Bar in the third quarter valued at about $737,000.

About Black Rock Coffee Bar

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.