BRC Inc. Forecasted to Post Q3 2024 Earnings of $0.00 Per Share (NYSE:BRCC)

BRC Inc. (NYSE:BRCC) – Research analysts at Telsey Advisory Group lifted their Q3 2024 EPS estimates for shares of BRC in a research note issued on Monday, May 6th. Telsey Advisory Group analyst S. Vora now expects that the company will post earnings of $0.00 per share for the quarter, up from their prior estimate of ($0.01). Telsey Advisory Group currently has a “Outperform” rating and a $8.00 price target on the stock. The consensus estimate for BRC’s current full-year earnings is ($0.01) per share.

BRC Trading Up 3.6 %

BRCC stock opened at $4.17 on Wednesday. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.28 and a quick ratio of 0.61. BRC has a 1-year low of $2.51 and a 1-year high of $5.85. The business has a 50 day simple moving average of $4.33 and a two-hundred day simple moving average of $3.98. The company has a market capitalization of $883.60 million, a price-to-earnings ratio of -15.43 and a beta of 1.01.

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

Institutional Trading of BRC

Hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC raised its stake in BRC by 106.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,415 shares of the company’s stock valued at $27,000 after purchasing an additional 3,831 shares in the last quarter. Allworth Financial LP raised its position in shares of BRC by 83.6% during the 4th quarter. Allworth Financial LP now owns 9,776 shares of the company’s stock valued at $35,000 after buying an additional 4,450 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of BRC in the 4th quarter valued at about $37,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in BRC in the first quarter worth about $45,000. Finally, Intrinsic Edge Capital Management LLC bought a new stake in BRC during the fourth quarter worth approximately $50,000. Hedge funds and other institutional investors own 16.29% of the company’s stock.

BRC Company Profile

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.