Black Rock Coffee Bar, Inc. (NASDAQ:BRCB – Get Free Report) COO Clay Howard Geyer purchased 45,080 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were acquired at an average cost of $6.51 per share, with a total value of $293,470.80. Following the purchase, the chief operating officer directly owned 57,580 shares of the company’s stock, valued at approximately $374,845.80. The trade was a 360.64% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Clay Howard Geyer also recently made the following trade(s):
- On Friday, May 22nd, Clay Howard Geyer purchased 925 shares of Black Rock Coffee Bar stock. The shares were acquired at an average cost of $6.86 per share, with a total value of $6,345.50.
Black Rock Coffee Bar Trading Up 3.5%
Shares of BRCB stock traded up $0.23 during trading hours on Friday, hitting $6.81. 1,098,972 shares of the company’s stock traded hands, compared to its average volume of 692,366. The stock’s 50 day simple moving average is $12.63 and its 200 day simple moving average is $17.11. The stock has a market cap of $340.91 million and a PE ratio of 681.00. Black Rock Coffee Bar, Inc. has a 12 month low of $6.13 and a 12 month high of $30.40. The company has a quick ratio of 0.77, a current ratio of 0.87 and a debt-to-equity ratio of 0.25.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Ares Management LLC acquired a new position in shares of Black Rock Coffee Bar during the third quarter valued at about $5,981,000. Federated Hermes Inc. purchased a new position in Black Rock Coffee Bar during the third quarter worth about $2,982,000. Monashee Investment Management LLC purchased a new position in Black Rock Coffee Bar during the third quarter worth about $2,386,000. Emerald Mutual Fund Advisers Trust purchased a new position in Black Rock Coffee Bar during the third quarter worth about $4,023,000. Finally, Tudor Investment Corp ET AL purchased a new position in Black Rock Coffee Bar during the third quarter worth about $1,718,000.
Analyst Ratings Changes
BRCB has been the subject of several recent analyst reports. Raymond James Financial decreased their price objective on shares of Black Rock Coffee Bar from $22.00 to $20.00 and set an “outperform” rating for the company in a research report on Tuesday, April 21st. Stifel Nicolaus decreased their price target on shares of Black Rock Coffee Bar from $27.00 to $18.00 and set a “buy” rating for the company in a research note on Wednesday, May 13th. DA Davidson decreased their price target on shares of Black Rock Coffee Bar from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, May 13th. Finally, Morgan Stanley decreased their price target on shares of Black Rock Coffee Bar from $28.00 to $22.00 and set an “overweight” rating for the company in a research note on Tuesday, April 21st. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $18.75.
Get Our Latest Stock Analysis on BRCB
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.
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