BRC (BRCC) to Release Earnings on Thursday

BRC (NYSE:BRCCGet Rating) is scheduled to be releasing its earnings data before the market opens on Thursday, August 11th. Analysts expect BRC to post earnings of ($0.04) per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

BRC (NYSE:BRCCGet Rating) last released its earnings results on Thursday, May 12th. The company reported $4.08 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $4.11. The business had revenue of $65.84 million during the quarter, compared to analyst estimates of $64.12 million. On average, analysts expect BRC to post $4 EPS for the current fiscal year and $0 EPS for the next fiscal year.

BRC Price Performance

NYSE:BRCC opened at $8.81 on Thursday. BRC has a 52-week low of $6.62 and a 52-week high of $34.00. The stock’s fifty day moving average price is $8.85.

Institutional Trading of BRC

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. purchased a new stake in shares of BRC in the 1st quarter valued at about $6,479,000. BlackRock Inc. bought a new stake in shares of BRC during the first quarter valued at approximately $6,188,000. Charles Schwab Investment Management Inc. bought a new stake in shares of BRC during the first quarter valued at approximately $2,454,000. State Street Corp purchased a new position in BRC during the first quarter valued at $1,420,000. Finally, Prelude Capital Management LLC purchased a new position in BRC during the first quarter valued at $1,393,000. 22.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on BRCC. Truist Financial cut their target price on BRC from $20.00 to $15.00 in a research report on Friday, May 13th. DA Davidson raised their target price on BRC from $19.00 to $24.00 in a research note on Wednesday, April 20th. Citigroup reaffirmed a “neutral” rating and set a $10.00 target price on shares of BRC in a research note on Tuesday. Deutsche Bank Aktiengesellschaft reduced their target price on BRC from $19.00 to $14.00 in a report on Friday, May 13th. Finally, Tigress Financial started coverage on BRC in a research note on Thursday, May 26th. They issued a “buy” rating and a $17.00 price objective for the company. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, BRC has a consensus rating of “Hold” and a consensus price target of $17.14.

About BRC

(Get Rating)

BRC Inc, through its subsidiaries, purchases, roasts, and sells coffee, coffee accessories, and branded apparel. The company also produces media content; podcasts; and digital and print journals, as well as sells coffee brewing equipment, and outdoor and lifestyle gear. It supports active military, veterans, and first responders.

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