Black Rock Coffee Bar (NASDAQ:BRCB) Shares Gap Down – Time to Sell?

Black Rock Coffee Bar, Inc. (NASDAQ:BRCB)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $24.35, but opened at $23.10. Black Rock Coffee Bar shares last traded at $23.91, with a volume of 186,836 shares.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Raymond James Financial reiterated an “outperform” rating and set a $28.00 price objective (up previously from $26.00) on shares of Black Rock Coffee Bar in a research report on Thursday, October 16th. Zacks Research raised shares of Black Rock Coffee Bar to a “hold” rating in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

Black Rock Coffee Bar Price Performance

Black Rock Coffee Bar (NASDAQ:BRCB) last announced its quarterly earnings data 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 company had revenue of $51.47 million for the quarter, compared to analysts’ expectations of $51.03 million. Black Rock Coffee Bar has set its FY 2025 guidance at EPS.

Institutional Trading of Black Rock Coffee Bar

A number of institutional investors have recently added to or reduced their stakes in BRCB. US Bancorp DE acquired a new position in shares of Black Rock Coffee Bar during the third quarter worth about $89,000. CenterStar Asset Management LLC acquired a new stake in shares of Black Rock Coffee Bar in the third quarter valued at about $209,000. TD Asset Management Inc purchased a new stake in shares of Black Rock Coffee Bar during the 3rd quarter valued at about $553,000. JPMorgan Chase & Co. acquired a new position in Black Rock Coffee Bar during the 3rd quarter worth approximately $737,000. Finally, Vanguard Group Inc. acquired a new position in Black Rock Coffee Bar during the 3rd quarter worth approximately $2,028,000.

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.