BRC (NYSE:BRCC) Announces Quarterly Earnings Results

BRC (NYSE:BRCC) issued its quarterly earnings results on Monday. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.34), FiscalAI reports. BRC had a negative net margin of 0.89% and a negative return on equity of 5.33%. The business had revenue of $108.04 million during the quarter, compared to analyst estimates of $105.89 million.

BRC Trading Up 0.0%

Shares of NYSE:BRCC traded up $0.00 during midday trading on Monday, reaching $12.60. The company had a trading volume of 114,803 shares, compared to its average volume of 112,898. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.80 and a current ratio of 1.42. BRC has a 1-year low of $6.00 and a 1-year high of $18.55. The firm has a market cap of $315.47 million, a price-to-earnings ratio of -42.01 and a beta of 1.25. The company has a fifty day simple moving average of $9.59 and a two-hundred day simple moving average of $10.22.

Insider Transactions at BRC

In other BRC news, Director Stephen M. Kadenacy sold 10,500 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $8.20, for a total value of $86,100.00. Following the completion of the transaction, the director directly owned 23,495 shares in the company, valued at $192,659. This trade represents a 30.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Evan Hafer sold 15,304 shares of BRC stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $10.62, for a total transaction of $162,528.48. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 46,300 shares of company stock worth $474,943 in the last three months. 54.87% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Craig Hallum assumed coverage on shares of BRC in a research note on Monday, August 3rd. They issued a “buy” rating and a $17.50 price objective on the stock. DA Davidson raised their target price on shares of BRC from $2.50 to $25.00 and gave the stock a “buy” rating in a report on Monday, August 31st. Finally, Weiss Ratings lowered shares of BRC from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, August 4th. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $22.50.

BRC Company Profile

Black Rifle Coffee Company (NYSE: BRCC) is a veteran-founded coffee and lifestyle company focused on producing, marketing and selling premium coffee products. Its offerings include whole-bean and ground coffee, single-serve options, ready-to-drink beverages, tea, brewing equipment, apparel and other branded merchandise.

The company distributes its products through direct-to-consumer channels, including its online store and coffee subscription programs, as well as wholesale and retail partners.