Black Rock Coffee Bar (NASDAQ:BRCB) Insider Michael Ryan Schmidt Purchases 7,100 Shares

Black Rock Coffee Bar, Inc. (NASDAQ:BRCB) insider Michael Ryan Schmidt bought 7,100 shares of Black Rock Coffee Bar stock in a transaction that occurred on Wednesday, May 20th. The shares were acquired at an average price of $6.98 per share, with a total value of $49,558.00. Following the completion of the acquisition, the insider directly owned 7,100 shares of the company’s stock, valued at $49,558. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Black Rock Coffee Bar Price Performance

Black Rock Coffee Bar stock traded up $0.21 during mid-day trading on Thursday, hitting $6.58. The company’s stock had a trading volume of 802,313 shares, compared to its average volume of 554,557. The stock has a market capitalization of $329.39 million and a P/E ratio of -658.00. Black Rock Coffee Bar, Inc. has a twelve month low of $6.13 and a twelve month high of $30.40. The stock’s fifty day moving average price is $12.83 and its two-hundred day moving average price is $17.18. The company has a quick ratio of 0.77, a current ratio of 0.87 and a debt-to-equity ratio of 0.25.

Black Rock Coffee Bar (NASDAQ:BRCB) last released 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 firm had revenue of $55.45 million during the quarter. Research analysts forecast that Black Rock Coffee Bar, Inc. will post 0.26 earnings per share for the current year.

Institutional Investors Weigh In On Black Rock Coffee Bar

Several hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. purchased a new stake in Black Rock Coffee Bar in the 4th quarter worth about $29,000. Franklin Resources Inc. purchased a new stake in shares of Black Rock Coffee Bar during the 3rd quarter worth about $36,000. Roxbury Financial LLC acquired a new stake in shares of Black Rock Coffee Bar during the 4th quarter valued at about $39,000. FNY Investment Advisers LLC acquired a new stake in shares of Black Rock Coffee Bar during the 3rd quarter valued at about $50,000. Finally, Bank of America Corp DE grew its stake in shares of Black Rock Coffee Bar by 1.9% in the 1st quarter. Bank of America Corp DE now owns 143,896 shares of the company’s stock valued at $1,859,000 after buying an additional 2,631 shares in the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BRCB. Morgan Stanley reduced their target price on Black Rock Coffee Bar from $28.00 to $22.00 and set an “overweight” rating for the company in a report on Tuesday, April 21st. Raymond James Financial reduced their target price on Black Rock Coffee Bar from $22.00 to $20.00 and set an “outperform” rating for the company in a report on Tuesday, April 21st. Stifel Nicolaus reduced their target price on Black Rock Coffee Bar from $27.00 to $18.00 and set a “buy” rating for the company in a report on Wednesday, May 13th. Finally, DA Davidson reduced their target price on Black Rock Coffee Bar from $16.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, May 13th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $18.75.

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.