Analysts Offer Predictions for BRC Inc.’s Q3 2024 Earnings (NYSE:BRCC)

BRC Inc. (NYSE:BRCC) – Stock analysts at Roth Capital upped their Q3 2024 earnings estimates for shares of BRC in a research report issued on Thursday, April 25th. Roth Capital analyst G. Kelly now anticipates that the company will earn $0.00 per share for the quarter, up from their previous forecast of ($0.01). The consensus estimate for BRC’s current full-year earnings is ($0.01) per share.

BRC (NYSE:BRCC) last released its quarterly earnings results on Wednesday, March 6th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.20. The firm had revenue of $119.65 million during the quarter, compared to analyst estimates of $124.38 million. BRC had a negative net margin of 4.23% and a positive return on equity of 4.11%.

Separately, Telsey Advisory Group restated an “outperform” rating and issued a $8.00 price target on shares of BRC in a research note on Monday, March 4th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $7.92.

BRC Trading Down 0.2 %

BRC stock opened at $4.11 on Friday. The firm has a 50 day moving average of $4.34 and a 200 day moving average of $3.90. The firm has a market capitalization of $871.94 million, a price-to-earnings ratio of -15.22 and a beta of 0.99. BRC has a 12-month low of $2.51 and a 12-month high of $5.85. The company has a current ratio of 1.28, a quick ratio of 0.61 and a debt-to-equity ratio of 1.48.

Institutional Trading of BRC

A number of institutional investors have recently bought and sold shares of BRCC. Wesbanco Bank Inc. purchased a new stake in BRC in the first quarter worth $659,000. Wasatch Advisors LP increased its stake in BRC by 334.0% in the first quarter. Wasatch Advisors LP now owns 1,459,418 shares of the company’s stock worth $6,246,000 after purchasing an additional 1,123,157 shares during the period. Virtu Financial LLC purchased a new stake in BRC in the fourth quarter worth $169,000. Intrinsic Edge Capital Management LLC purchased a new stake in BRC in the fourth quarter worth $50,000. Finally, Tower Research Capital LLC TRC increased its stake in BRC by 106.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,415 shares of the company’s stock worth $27,000 after purchasing an additional 3,831 shares during the period. 16.29% of the stock is currently owned by institutional investors.

About BRC

BRC Inc, through its subsidiaries, purchases, roasts, and sells coffee, coffee accessories, and branded apparel in the United States. The company also produces media content, as well as sells coffee brewing equipment, and outdoor and lifestyle gear. It supports active military, veterans, and first responders.