William Blair analyst Sharon Zackfia reiterated a Buy rating on Black Rock Coffee Bar, Inc. Class A today and set a price target of $14.80.
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Sharon Zackfia has given his Buy rating due to a combination of factors, foremost being Black Rock Coffee Bar’s strong and consistent same-store sales performance, with five consecutive quarters of at least high-single-digit gains driving notable revenue and adjusted EBITDA growth. She views the sustained double-digit comp trend, underpinned by both higher traffic and ticket, as evidence of a resilient demand profile and successful sales initiatives.
In addition, Zackfia highlights the broad-based strength across all markets, supported by rising brand awareness, a well-received loyalty program launched in mid-2024, and an employee-focused culture that supports operational execution. She also points to improving average unit volumes and better-than-expected results from the 2025 store class, including strong barista retention and guest satisfaction, as reinforcing confidence in the company’s expansion potential and earnings trajectory into 2026.