Black Rock Coffee Bar, Inc. (NASDAQ:BRCB – Get Free Report)’s stock price rose 10.3% during mid-day trading on Wednesday . The company traded as high as $12.81 and last traded at $12.81. Approximately 535,160 shares were traded during trading, an increase of 6% from the average daily volume of 503,192 shares. The stock had previously closed at $11.61.
Wall Street Analysts Forecast Growth
BRCB has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (e-)” rating on shares of Black Rock Coffee Bar in a research report on Monday, December 29th. Raymond James Financial dropped their price target on shares of Black Rock Coffee Bar from $28.00 to $26.00 and set an “outperform” rating for the company in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $26.00.
Check Out Our Latest Research Report on Black Rock Coffee Bar
Black Rock Coffee Bar Stock Performance
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of BRCB. Invesco Ltd. acquired a new stake in Black Rock Coffee Bar in the 3rd quarter valued at about $19,074,000. Woodline Partners LP acquired a new position in shares of Black Rock Coffee Bar during the third quarter worth about $12,445,000. Ameriprise Financial Inc. purchased a new stake in shares of Black Rock Coffee Bar during the third quarter worth approximately $12,351,000. Wellington Management Group LLP raised its holdings in Black Rock Coffee Bar by 107.8% in the fourth quarter. Wellington Management Group LLP now owns 943,524 shares of the company’s stock valued at $20,993,000 after acquiring an additional 489,559 shares in the last quarter. Finally, Franklin Resources Inc. raised 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 valued at $10,726,000 after acquiring an additional 480,531 shares in the last quarter.
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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