Ghisallo Capital Management LLC Acquires Shares of 110,000 Black Rock Coffee Bar, Inc. $BRCB

Ghisallo Capital Management LLC bought a new position in Black Rock Coffee Bar, Inc. (NASDAQ:BRCB) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 110,000 shares of the company’s stock, valued at approximately $2,625,000.

Several other hedge funds also recently made changes to their positions in the company. CenterStar Asset Management LLC purchased a new stake in Black Rock Coffee Bar in the third quarter worth $209,000. Emerald Mutual Fund Advisers Trust bought a new stake in shares of Black Rock Coffee Bar during the 3rd quarter valued at $4,023,000. Federated Hermes Inc. purchased a new stake in shares of Black Rock Coffee Bar in the 3rd quarter worth about $2,982,000. WCM Investment Management LLC bought a new position in shares of Black Rock Coffee Bar in the 3rd quarter worth about $7,422,000. Finally, JPMorgan Chase & Co. purchased a new position in Black Rock Coffee Bar during the 3rd quarter valued at about $737,000.

Black Rock Coffee Bar Stock Performance

Shares of BRCB stock opened at $16.11 on Friday. The stock has a market cap of $806.47 million and a P/E ratio of -1,611.00. The company has a quick ratio of 0.96, a current ratio of 1.04 and a debt-to-equity ratio of 0.25. Black Rock Coffee Bar, Inc. has a one year low of $11.51 and a one year high of $30.40. The company’s 50-day moving average price is $16.48.

Black Rock Coffee Bar (NASDAQ:BRCB) last issued its earnings results on Tuesday, March 3rd. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01. The firm had revenue of $53.64 million during the quarter, compared to the consensus estimate of $53.70 million.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Raymond James Financial cut their price objective on shares of Black Rock Coffee Bar from $28.00 to $26.00 and set an “outperform” rating on the stock in a report on Wednesday, January 21st. DA Davidson initiated coverage on shares of Black Rock Coffee Bar in a report on Friday, March 6th. They set a “buy” rating and a $21.00 target price for the company. Finally, Weiss Ratings reissued a “sell (e-)” rating on shares of Black Rock Coffee Bar in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Black Rock Coffee Bar currently has a consensus rating of “Hold” and a consensus price target of $23.50.

Black Rock Coffee Bar 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.