Telsey Advisory Group Equities Analysts Boost Earnings Estimates for BRC Inc. (NYSE:BRCC)

BRC Inc. (NYSE:BRCC) – Analysts at Telsey Advisory Group lifted their Q3 2024 earnings per share estimates for BRC in a research note issued on Monday, May 6th. Telsey Advisory Group analyst S. Vora now expects that the company will post earnings per share of $0.00 for the quarter, up from their prior estimate of ($0.01). Telsey Advisory Group 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 (NYSE:BRCC) last announced its quarterly earnings results 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. The company had revenue of $119.65 million during 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%.

BRC Price Performance

NYSE BRCC opened at $4.27 on Wednesday. BRC has a 1 year low of $2.51 and a 1 year high of $5.85. The company has a fifty day simple moving average of $4.33 and a 200 day simple moving average of $3.98. The company has a current ratio of 1.28, a quick ratio of 0.61 and a debt-to-equity ratio of 1.48. The company has a market cap of $905.88 million, a P/E ratio of -15.81 and a beta of 1.01.

Institutional Trading of BRC

Hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC boosted its stake in 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 buying an additional 3,831 shares in the last quarter. Allworth Financial LP boosted its stake 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 purchasing an additional 4,450 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of BRC in the 4th quarter worth about $37,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of BRC during the 1st quarter worth about $45,000. Finally, Intrinsic Edge Capital Management LLC bought a new position in BRC during the 4th quarter valued at about $50,000. 16.29% of the stock is 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.