Ghisallo Capital Management LLC Acquires New Position in Black Rock Coffee Bar, Inc. $BRCB

Ghisallo Capital Management LLC bought a new position in Black Rock Coffee Bar, Inc. (NASDAQ:BRCB) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 110,000 shares of the company’s stock, valued at approximately $2,625,000. Ghisallo Capital Management LLC owned approximately 0.23% of Black Rock Coffee Bar at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in BRCB. CenterStar Asset Management LLC purchased a new position in Black Rock Coffee Bar in the 3rd quarter worth $209,000. Emerald Mutual Fund Advisers Trust purchased a new position in shares of Black Rock Coffee Bar in the third quarter worth about $4,023,000. Federated Hermes Inc. purchased a new position in shares of Black Rock Coffee Bar in the third quarter worth about $2,982,000. WCM Investment Management LLC bought a new stake in shares of Black Rock Coffee Bar in the 3rd quarter valued at about $7,422,000. Finally, JPMorgan Chase & Co. bought a new stake in shares of Black Rock Coffee Bar in the 3rd quarter valued at about $737,000.

Black Rock Coffee Bar Stock Performance

BRCB opened at $16.11 on Friday. The company’s 50 day simple moving average is $16.48. Black Rock Coffee Bar, Inc. has a 52-week low of $11.51 and a 52-week high of $30.40. The stock has a market capitalization of $806.47 million and a PE ratio of -1,611.00. The company has a quick ratio of 0.96, a current ratio of 1.04 and a debt-to-equity ratio of 0.25.

Black Rock Coffee Bar (NASDAQ:BRCB) last released its quarterly earnings results on Tuesday, March 3rd. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.01. The company had revenue of $53.64 million during the quarter, compared to the consensus estimate of $53.70 million.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Raymond James Financial reduced their price target 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. Weiss Ratings reissued a “sell (e-)” rating on shares of Black Rock Coffee Bar in a research note on Monday, December 29th. Finally, DA Davidson started coverage on shares of Black Rock Coffee Bar in a report on Friday, March 6th. They issued a “buy” rating and a $21.00 target price on the stock. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $23.50.

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. 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.