BRC Inc. to Post Q3 2024 Earnings of $0.00 Per Share, Roth Capital Forecasts (NYSE:BRCC)

BRC Inc. (NYSE:BRCC) – Stock analysts at Roth Capital raised their Q3 2024 earnings per share (EPS) estimates for BRC in a research note 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 announced its quarterly earnings data on Wednesday, March 6th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.20. The company had revenue of $119.65 million for the quarter, compared to analysts’ expectations of $124.38 million. BRC had a positive return on equity of 4.11% and a negative net margin of 4.23%.

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

BRC Stock Down 0.2 %

BRC stock opened at $4.11 on Friday. The business has a fifty day moving average of $4.34 and a two-hundred day moving average of $3.91. The company has a quick ratio of 0.61, a current ratio of 1.28 and a debt-to-equity ratio of 1.48. The firm has a market cap of $871.94 million, a P/E ratio of -15.22 and a beta of 0.99. BRC has a twelve month low of $2.51 and a twelve month high of $5.85.

Institutional Trading of BRC

Several hedge funds and other institutional investors have recently made changes to their positions in BRCC. Tower Research Capital LLC TRC increased its position in shares of BRC by 106.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,415 shares of the company’s stock valued at $27,000 after acquiring an additional 3,831 shares during the period. Allworth Financial LP increased its position in shares of BRC by 83.6% in the 4th quarter. Allworth Financial LP now owns 9,776 shares of the company’s stock valued at $35,000 after acquiring an additional 4,450 shares during the period. SG Americas Securities LLC acquired a new position in shares of BRC in the 4th quarter valued at $37,000. Intrinsic Edge Capital Management LLC acquired a new position in shares of BRC in the 4th quarter valued at $50,000. Finally, Alhambra Investment Management LLC increased its position in shares of BRC by 21.8% in the 4th quarter. Alhambra Investment Management LLC now owns 16,750 shares of the company’s stock valued at $61,000 after acquiring an additional 3,000 shares during the period. 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.