Clay Howard Geyer, Chief Operating Officer at Black Rock Coffee Bar, Inc. (BRCB), bought 46,005 shares at $6.51 ($300K) on 2026-05-21, disclosed to the SEC on 2026-05-22.
COO Clay Howard Geyer purchased $293,470.80 worth of shares at $6.51, marking the largest insider purchase in the company's history. This significant buyback occurs as the stock has plummeted nearly 50% from its 52-week high, suggesting insiders see value in the current dip.
The stock is down 2.5% over the last five days and has lost nearly half its value over the past 90 days, trading 77.57% below its 52-week high of $30.40.
Upcoming catalysts include the Q1 2026 earnings report on May 13, which showed a 23.7% revenue increase, and the JPMorgan conference on March 13 where executives outlined a 20% unit growth plan. Additionally, a cluster of 3 other insiders bought shares in the last 30 days, adding momentum to the current buying wave.
The stock carries a short interest of 10.53% of the float, reflecting high bearish sentiment. Additionally, the competitive landscape is intensifying following Jersey Mike's confidential IPO filing in April 2026.
Clearly above the average filing.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $6.51 | 45,080 | $293K | 97.9% |
| 2 | $6.86 | 925 | $6K | 2.1% |
| Total | $6.52 avg | 46,005 | $300K | 100% |