BRC (NYSE:BRCC) Posts Quarterly Earnings Results, Hits Expectations

BRC (NYSE:BRCC) released its earnings results on Monday. The company reported ($0.01) EPS for the quarter, hitting analysts’ consensus estimates of ($0.01), reports. The firm had revenue of $100.71 million during the quarter, compared to the consensus estimate of $101.80 million. BRC had a negative return on equity of 12.88% and a negative net margin of 2.89%. BRC updated its FY 2025 guidance to EPS.

BRC Stock Performance

BRC stock traded down $0.11 during mid-day trading on Tuesday, reaching $1.32. The company’s stock had a trading volume of 938,254 shares, compared to its average volume of 769,999. The company has a current ratio of 1.29, a quick ratio of 0.70 and a debt-to-equity ratio of 1.97. The business has a 50 day moving average price of $1.49 and a 200-day moving average price of $1.64. BRC has a twelve month low of $1.19 and a twelve month high of $3.52. The firm has a market cap of $326.42 million, a price-to-earnings ratio of -8.77 and a beta of 0.92.

Analyst Ratings Changes

Several analysts recently issued reports on BRCC shares. Wall Street Zen raised shares of BRC from a “sell” rating to a “hold” rating in a research note on Monday, September 29th. Weiss Ratings reiterated a “sell (e+)” rating on shares of BRC in a research note on Wednesday, October 8th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $2.50 price objective on shares of BRC in a report on Tuesday. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $2.50.

Insider Activity

In related news, Director Steven Taslitz bought 100,000 shares of the stock in a transaction on Thursday, August 7th. The shares were purchased at an average price of $1.31 per share, with a total value of $131,000.00. Following the purchase, the director owned 1,786,203 shares in the company, valued at approximately $2,339,925.93. This represents a 5.93% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 69.00% of the company’s stock.

Hedge Funds Weigh In On BRC

A number of hedge funds have recently modified their holdings of BRCC. Osaic Holdings Inc. boosted its position in BRC by 779.4% during the second quarter. Osaic Holdings Inc. now owns 563,840 shares of the company’s stock worth $739,000 after purchasing an additional 499,722 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of BRC by 204.5% during the first quarter. Goldman Sachs Group Inc. now owns 651,251 shares of the company’s stock worth $1,361,000 after buying an additional 437,359 shares during the last quarter. Marshall Wace LLP boosted its position in shares of BRC by 1,922.7% in the second quarter. Marshall Wace LLP now owns 326,307 shares of the company’s stock valued at $427,000 after acquiring an additional 310,175 shares during the period. Bank of America Corp DE boosted its position in shares of BRC by 313.1% in the second quarter. Bank of America Corp DE now owns 218,256 shares of the company’s stock valued at $286,000 after acquiring an additional 165,418 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of BRC by 10.0% in the second quarter. Geode Capital Management LLC now owns 1,270,764 shares of the company’s stock worth $1,665,000 after acquiring an additional 115,289 shares during the last quarter. 16.29% of the stock is owned by institutional investors and hedge funds.

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.