Stifel Nicolaus Has Lowered Expectations for Black Rock Coffee Bar (NASDAQ:BRCB) Stock Price

Black Rock Coffee Bar (NASDAQ:BRCB) had its price objective reduced by Stifel Nicolaus from $27.00 to $18.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 95.48% from the stock’s previous close.

BRCB has been the topic of a number of other reports. Raymond James Financial lowered their price objective on 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. DA Davidson reduced their target price on shares of Black Rock Coffee Bar from $21.00 to $16.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th. Finally, Morgan Stanley lowered their price target on shares of Black Rock Coffee Bar from $28.00 to $22.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 21st. Four investment 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $19.00.

Black Rock Coffee Bar Trading Down 16.1%

NASDAQ:BRCB opened at $9.21 on Wednesday. Black Rock Coffee Bar has a 12 month low of $10.62 and a 12 month high of $30.40. The company has a current ratio of 1.04, a quick ratio of 0.96 and a debt-to-equity ratio of 0.25. The firm’s 50 day moving average is $14.06 and its 200 day moving average is $18.08. The stock has a market capitalization of $460.92 million and a PE ratio of -947.50.

Black Rock Coffee Bar (NASDAQ:BRCB) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.02). The business had revenue of $55.45 million during the quarter. Sell-side analysts expect that Black Rock Coffee Bar will post 0.3 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Invesco Ltd. bought a new position in Black Rock Coffee Bar in the third quarter worth about $19,074,000. Woodline Partners LP bought a new stake in shares of Black Rock Coffee Bar during the third quarter valued at approximately $12,445,000. Ameriprise Financial Inc. bought a new position in Black Rock Coffee Bar in the third quarter worth $12,351,000. Wellington Management Group LLP grew its position in shares of Black Rock Coffee Bar by 107.8% in the 4th quarter. Wellington Management Group LLP now owns 943,524 shares of the company’s stock worth $20,993,000 after buying an additional 489,559 shares during the period. Finally, Franklin Resources Inc. grew its holdings in Black Rock Coffee Bar by 31,676.4% in the fourth quarter. Franklin Resources Inc. now owns 482,048 shares of the company’s stock worth $10,726,000 after purchasing an additional 480,531 shares during the period.

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.