{
  "symbol": "BRCB",
  "company": "Black Rock Coffee Bar, Inc.",
  "generated_at": "2026-06-24T07:36:45.990Z",
  "event_count": 2,
  "events": [
    {
      "type": "pipeline_event",
      "ts": "2026-05-19T12:42:16.037Z",
      "stage": "cooldown",
      "outcome": "skip",
      "reason": "recent scout:no_anomaly 0.0h ago < cooldown 168h, no material change",
      "trigger": "[insider_cluster_universe] 3 Form 4 filings in last 14 days · at least one open-market P/S trade verified",
      "source": "idle_hunter"
    },
    {
      "type": "scout_dossier",
      "ts": "2026-05-19T12:42:15.831Z",
      "summary": "BRCB underwent a dramatic -75% price collapse from its 52-week high (~$27.84 in September 2025) to $6.91 — including an ~50% single-session plunge on May 13 after earnings. The stock has fallen through both the IPO price of $20 and its 50-day moving average. The investigation trigger was a Form 4 cluster, but reading each filing reveals these are NOT open-market purchases: all three recent Form 4 filings (Jeff Hernandez, Daniel Brand, Viking Cake BR LLC) filed on May 19 document S-codes — forced selling/disposition of LLC Units and Class C shares as part of a Cynosure equity purchase that triggered margin loan payoff. The only new insider award was an RSU grant to newly hired CDO Jon Vingo (non-purchase). There is no open-market P-code buy among any of the recent filings despite superficial clustering. Fundamentals are challenged: -30% ROIC, 160+ debt-to-equity, EV/EBITDA of 27x on a small-cap restaurant chain trading at near-IPO lows with negative EPS. No upcoming earnings date available from data providers; Q1 results showed +23.7% revenue growth and positive net income for the first time but the stock sold off anyway. Cynosure's acquisition of co-founders' equity ($41.7M) removes a structural overhang — but creates dilution risk via potential future exchanges.",
      "verdict": "no_anomaly",
      "confidence": 5,
      "tool_calls": 20,
      "walltime_min": 13,
      "debug_path": "dossiers/2026-05-19-BRCB.scout.debug.json"
    }
  ],
  "lessons": [],
  "chart_signal": {
    "ticker": "BRCB",
    "call": "SELL",
    "confidence": 1,
    "score": -3,
    "factors": {
      "below_50dma": "-1",
      "momentum_strong_down": "-2 (-76.1%)",
      "rsi_neutral": "0 (42)",
      "macd_above_signal": "+1",
      "recent_macd_bullish_cross": "+1 (17d ago)",
      "broken_below_high": "-2 (-74.4% from high)"
    },
    "summary": "SELL (score -3) · 12-1 mom -76.1% · RSI 42 · below_both · -74.4% from high",
    "last_close": 7.12,
    "one_month_ago_close": 6.58,
    "twelve_month_ago_close": 27.53,
    "twelve_one_momentum_pct": -76.1,
    "rsi_14": 42,
    "ma_stack": "below_both",
    "from_period_high_pct": -74.43,
    "period_high": 27.84,
    "price_targets": {
      "bear": 9,
      "fair": 11.35,
      "bull": 32.02,
      "bear_return_pct": 26.4,
      "fair_return_pct": 59.3,
      "bull_return_pct": 349.7,
      "method": "street_targets ⨯ chart_floors",
      "street": {
        "target_low": 9,
        "target_mean": 17.28571,
        "target_high": 22,
        "analyst_count": 7
      }
    },
    "generated_at": "2026-06-24T07:36:45.986Z"
  }
}