Black Rock Coffee Bar, Inc. (BRCB) shareholders
BRCBNasdaqRetail-Eating & Drinking PlacesFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 10, 2026Score 5/30117% above fair value
$10.79+1.15 (+11.93%)
Close on Nov 13, 2026Market cap $540.28MP/E 67.4Yield –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
31.5%
16M of 50M shares
Institutional holders
93
18 new, 35 sold out
Net institutional buying
-4M
In Q2 2026
Insider trades, 12 months
7 buys · 0 sales
Net bought $73.36M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Cynosure Group, LLC Joint filing with Cynosure Partners III, LP (39.80%), Cynosure Partners 2020, LP (13.90%) and 2 more | 21,831,316 | 52.60% | 13D (active) amendment | May 15, 2026 |
| Daniel Brand Joint filing with Viking Cake BR, LLC (24.90%), Viking Cake Fuel, LLC (24.90%) and 1 more | 11,587,473 | 39.90% | 13D (active) amendment | Mar 20, 2026 |
| Viking Cake BR, LLC Joint filing with Viking Cake Fuel, LLC (24.90%), Daniel Brand (24.90%) and 1 more | 5,809,391 | 24.90% | 13D (active) amendment | Mar 6, 2026 |
| Demi I. Winters | 3,754,151 | 14.80% | 13D (active) amendment | Mar 6, 2026 |
| Bank of New York Mellon Corp Joint filing with BNY Mellon IHC, LLC (13.70%), MBC Investments Corp (13.70%) and 2 more | 2,977,719 | 13.80% | 13G (passive) amendment | Jun 30, 2026 |
| Tyson Switzenberg | 2,308,915 | 11.40% | 13G (passive) | Feb 18, 2026 |
| Morgan Stanley Joint filing with Morgan Stanley Investment Management Inc. (8.00%) | 1,822,533 | 8.20% | 13G (passive) amendment | Jun 30, 2026 |
| Brandon J. Olson | 1,415,690 | 6.60% | 13G (passive) amendment | Apr 17, 2026 |
| Wasatch Advisors LP | 1,354,088 | 6.10% | 13G (passive) | Sep 30, 2026 |
| FMR LLC Joint filing with Abigail P. Johnson (8.50%) | 1,296,799 | 8.50% | 13G (passive) | Sep 30, 2025 |
| Wellington Management Group LLP Joint filing with Wellington Group Holdings LLP (5.40%), Wellington Investment Advisors Holdings LLP (5.40%) | 943,524 | 5.40% | 13G (passive) | Dec 31, 2025 |
| BlackRock, Inc. | 911,974 | 5.20% | 13G (passive) | Dec 31, 2025 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of BRCB | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Bank of New York Mellon Corp | 2,977,719 | 5.95% | $24.69M | +1,816,016 | 0.00% |
| Morgan Stanley | 1,824,391 | 3.64% | $15.12M | +8,219 | 0.00% |
| BlackRock, Inc. | 1,135,726 | 2.27% | $9.42M | +74,547 | 0.00% |
| Marshall Wace, Llp | 946,693 | 1.89% | $7.85M | +589,908 | 0.01% |
| Vanguard Capital Management LLC | 796,574 | 1.59% | $6.60M | +116,604 | 0.00% |
| Emerald Advisers, LLC | 742,337 | 1.48% | $6.15M | −7,289 | 0.14% |
| Massachusetts Financial Services Co /Ma/ | 661,497 | 1.32% | $5.48M | −237 | 0.00% |
| Qube Research & Technologies Ltd | 534,990 | 1.07% | $4.44M | +513,593 | 0.00% |
| Geode Capital Management, LLC | 477,835 | 0.95% | $3.96M | +98,157 | 0.00% |
| Emerald Mutual Fund Advisers Trust | 453,734 | 0.91% | $3.76M | – | 0.13% |
| Citadel Advisors LLC | 395,284 | 0.79% | $3.28M | +109,208 | 0.00% |
| Renaissance Technologies LLC | 368,620 | 0.74% | $3.06M | +161,020 | 0.00% |
| State Street Corp | 321,301 | 0.64% | $2.66M | +9,664 | 0.00% |
| Bnp Paribas Arbitrage, Snc | 298,173 | 0.60% | $2.47M | +135,639 | 0.00% |
| Ophir Asset Management Pty Ltd | 274,688 | 0.55% | $2.28M | – | 0.19% |
| Goldman Sachs Group Inc | 259,757 | 0.52% | $2.15M | −118,632 | 0.00% |
| Point72 Asset Management, L.P. | 252,476 | 0.50% | $2.09M | −503,231 | 0.00% |
| Ares Management LLC | 250,676 | 0.50% | $2.08M | – | 0.09% |
| JPMorgan Chase & Co | 242,768 | 0.48% | $1.98M | +71,779 | 0.00% |
| Millennium Management LLC | 217,809 | 0.43% | $1.81M | +206,907 | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 93 | 16M | 31.5% | 18 / 37 | 26 / 35 | 5M | 8M |
| Q1 2026 | 112 | 20M | 39.0% | 42 / 36 | 22 / 25 | 6M | 7M |
| Q4 2025 | 99 | 21M | 42.7% | 40 / 29 | 17 / 21 | 7M | 4M |
| Q3 2025 | 82 | 18M | 36.5% | 82 / 0 | 0 / 0 | 18M | 0M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
104 funds held BRCB in Q2 2026, 21% of their shares through ETFs. Each fund counts once per quarter, from its quarter-end report.
| Fund | Shares | % of BRCB | Value | % of fund | As of |
|---|---|---|---|---|---|
| BNY Mellon Small/Mid Cap Growth Fund | 1,322,961 | 2.64% | $10.97M | 1.26% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 540,442 | 1.08% | $4.48M | 0.00% | Jun 30, 2026 |
| MFS New Discovery Fund | 485,111 | 0.97% | $4.04M | 0.19% | May 31, 2026 |
| iShares Russell 2000 ETF | 441,349 | 0.88% | $3.66M | 0.00% | Jun 30, 2026 |
| Inception Portfolio | 384,894 | 0.77% | $3.19M | 1.13% | Jun 30, 2026 |
| EQ/Morgan Stanley Small Cap Growth Portfolio | 360,578 | 0.72% | $2.99M | 0.63% | Jun 30, 2026 |
| Emerald Growth Fund | 269,706 | 0.54% | $3.31M | 0.24% | Apr 30, 2026 |
| Emerald Growth Fund | 269,706 | 0.54% | $2.17M | 0.15% | Jul 31, 2026 |
| Vanguard Extended Market Index Fund | 240,205 | 0.48% | $1.99M | 0.00% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 193,356 | 0.39% | $1.56M | 0.00% | Jul 31, 2026 |
| SmallCap Growth Fund I | 185,381 | 0.37% | $1.49M | 0.06% | Jul 31, 2026 |
| MFS New Discovery Series | 174,977 | 0.35% | $1.45M | 0.18% | Jun 30, 2026 |
| iShares Russell 2000 Growth ETF | 166,026 | 0.33% | $1.38M | 0.01% | Jun 30, 2026 |
| College Retirement Equities Fund - Total Global Stock Account | 159,905 | 0.32% | $1.33M | 0.00% | Jun 30, 2026 |
| Fidelity Growth Company Fund | 133,972 | 0.27% | $1.11M | 0.00% | May 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Mark Dean Davis | Chief Executive Officer, Director | 860,026 | 1.72% | Oct 28, 2026 |
| Clay Howard Geyer | Chief Operating Officer | 135,629 | 0.27% | May 27, 2026 |
| Jessica Michele Wegener-Beyer | Chief Marketing Officer | 43,142 | 0.09% | May 21, 2026 |
| Michael Ryan Schmidt | Principal Accounting Officer | 7,100 | 0.01% | May 21, 2026 |
| Jon Patrick Vingo Jr. | Chief Development Officer | 52,418 | 0.10% | May 15, 2026 |
| Rodderick Fredrick Booth | Chief Financial Officer | 387,326 | 0.77% | Oct 6, 2025 |
| Derek Anthony Tonn | Senior VP, IT & Analytics | 33,794 | 0.07% | Sep 12, 2025 |
| Samuel James Seiberling | Chief Legal Officer | 117,997 | 0.24% | Sep 12, 2025 |
| William Robin MacIntosh | Chief IR Officer | 92,997 | 0.19% | Sep 12, 2025 |
| Robert Wayne Kaufmann | Chief Development Officer | 797,429 | 1.59% | Sep 12, 2025 |
| Kristina K. Cashman | Director | 13,551 | 0.03% | May 28, 2026 |
| Richard L. Federico | Director | 29,168 | 0.06% | May 28, 2026 |
| Sarah Goldsmith-Grover | Director | 24,064 | 0.05% | May 28, 2026 |
| Jeffrey Robert Hernandez | Director, 10% owner | 257,411 | 0.51% | May 28, 2026 |
| Daniel Jordan Brand | Director, 10% owner | 138,648 | 0.28% | May 28, 2026 |
| Andrew Robert Braithwaite | Director | 11,761 | 0.02% | May 28, 2026 |
| Cynosure Partners 2020 PV, LP | Director, 10% owner | – | – | May 19, 2026 |
| Cynosure Group, LLC | Director, 10% owner | – | – | May 19, 2026 |
| Cynosure Partners III, LP | Director, 10% owner | – | – | May 19, 2026 |
| Cynosure Partners 2020 Co-investment, LLC | Director, 10% owner | – | – | May 19, 2026 |
| Cynosure Partners 2020, LP | Director, 10% owner | 21,951,208 | 43.84% | May 19, 2026 |
| Cynosure Partners III Offshore, LP | Director, 10% owner | 8,188,604 | 16.35% | May 19, 2026 |
| Viking Cake BR, LLC | – | 0 | – | May 19, 2026 |
| Viking Cake Fuel, LLC | – | 17,428,172 | 34.81% | May 19, 2026 |
| Jacob Virgil Spellmeyer | 10% owner | 2,812 | 0.01% | Mar 23, 2026 |
| Bryan Douglas Pereboom | 10% owner | 102,858 | 0.21% | Mar 23, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Mark Dean Davis Chief Executive Officer, Director | Oct 28, 2026 | Gift | +46,875 | – | – | 46,875 |
| Mark Dean Davis Chief Executive Officer, Director | Oct 28, 2026 | Gift | −46,875 | – | – | 140,625 |
| Richard L. Federico Director | May 27, 2026 | Award | +10,739 | – | – | 13,551 |
| Sarah Goldsmith-Grover Director | May 27, 2026 | Award | +8,949 | – | – | 11,761 |
| Jeffrey Robert Hernandez Director, 10% owner | May 27, 2026 | Award | +10,739 | – | – | 13,551 |
| Daniel Jordan Brand Director, 10% owner | May 27, 2026 | Award | +10,739 | – | – | 13,551 |
| Kristina K. Cashman Director | May 27, 2026 | Award | +10,739 | – | – | 13,551 |
| Andrew Robert Braithwaite Director | May 27, 2026 | Award | +8,949 | – | – | 11,761 |
| Clay Howard Geyer Chief Operating Officer | May 22, 2026 | Buy | +8 | $6.90 | $55 | 58,513 |
| Clay Howard Geyer Chief Operating Officer | May 22, 2026 | Buy | +925 | $6.86 | $6.35K | 58,505 |
| Clay Howard Geyer Chief Operating Officer | May 21, 2026 | Buy | +45,080 | $6.51 | $293.47K | 57,580 |
| Jessica Michele Wegener-Beyer Chief Marketing Officer | May 20, 2026 | Buy | +3,098.32 | $6.46 | $20.02K | 3,098 |
| Michael Ryan Schmidt Principal Accounting Officer | May 20, 2026 | Buy | +7,100 | $6.98 | $49.56K | 7,100 |
| Cynosure Partners 2020, LP Director, 10% owner | May 15, 2026 | Conversion | +119,892 | – | – | 2,035,904 |
| Cynosure Partners 2020, LP Director, 10% owner | May 15, 2026 | Buy | +12,042,712 | $5.35 | $64.43M | 19,915,304 |
| Cynosure Partners 2020, LP Director, 10% owner | May 15, 2026 | Other | −119,892 | – | – | 19,795,412 |
| Cynosure Partners 2020, LP Director, 10% owner | May 15, 2026 | Buy | +1,600,000 | $5.35 | $8.56M | 1,916,012 |
| Jon Patrick Vingo Jr. Chief Development Officer | May 14, 2026 | Award | +52,374 | – | – | 52,418 |
| Jessica Michele Wegener-Beyer Chief Marketing Officer | Mar 11, 2026 | Gift | +27,544 | – | – | 27,544 |
| Jessica Michele Wegener-Beyer Chief Marketing Officer | Mar 11, 2026 | Gift | −27,544 | – | – | 0 |
| Rodderick Fredrick Booth Chief Financial Officer | Sep 15, 2025 | Returned to company | −107,526 | – | – | 134,774 |
| Daniel Jordan Brand Director, 10% owner | Sep 11, 2025 | Award | +2,812 | – | – | 2,812 |
| Jeffrey Robert Hernandez Director, 10% owner | Sep 11, 2025 | Award | +2,812 | – | – | 2,812 |
| Jacob Virgil Spellmeyer Director, 10% owner | Sep 11, 2025 | Award | +2,812 | – | – | 2,812 |
| Bryan Douglas Pereboom Director, 10% owner | Sep 11, 2025 | Award | +2,812 | – | – | 2,812 |
| Rodderick Fredrick Booth Chief Financial Officer | Sep 11, 2025 | Award | +242,300 | – | – | 242,300 |
| Rodderick Fredrick Booth Chief Financial Officer | Sep 11, 2025 | Award | +37,500 | – | – | 37,500 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Short interest
Shares sold short and not yet bought back, as of Oct 30, 2026 (FINRA, reported twice a month)
Short % of float
17.45%
2M shares short
Days to cover
3.9
At 1M shares a day
Change since last report
+2.6%
From 2M shares
Short volume, 20 days
58.9%
Of volume reported to FINRA
Shares sold short, last 12 months
Short sale volume counts trades marked short on any given day, including market-maker hedging, so it runs far higher than the share of Black Rock Coffee Bar's stock actually held short. Settlement fails (shares not delivered on time) peaked at 11,294 shares on Aug 20, 2026 over the last 90 days.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Daniel J. Brand 2021 Trust 10% Stockholder | Sep 11, 2026 | 30,000 | $266.10K | Sep 11, 2026 | Conversion of Common Units to Class A Shares |
| Jeffrey R. Hernandez 2021 Trust 10% Stockholder | Sep 11, 2026 | 80,000 | $709.60K | Sep 11, 2026 | Conversion of Common Units to Class A Shares |
| Jeffrey Robert Hernandez Director | Aug 27, 2026 | 116,000 | $846.80K | Aug 11, 2026 | Conversion of Common Units to Class A Shares |
| Jeffrey Robert Hernandez Director | Aug 11, 2026 | 116,000 | $846.80K | Aug 11, 2026 | Conversion of Common Units to Class A Shares |
See a number that looks wrong?