Black Rock Coffee price target lowered to $15 from $16 at DA Davidson

DA Davidson lowered the firm’s price target on Black Rock Coffee (BRCB) to $15 from $16 and keeps a Buy rating on the shares. The company’s Q1 EBITDA was above consensus on better-than-expected margins despite sales being slightly below on openings skewed to the last week of the quarter and modest sales transfer in Phoenix, though its same store sales were roughly in-line and FY26 guidance was reiterated, the analyst tells investors in a research note. The firm adds that it remains positive on Black Rock shares given multiple drivers to support continued mid-single-digit comp gains.