Wall Street brokerages predict that BRC Inc. (NYSE:BRCC – Get Rating) will post earnings per share (EPS) of ($0.03) for the current quarter, according to Zacks. Six analysts have provided estimates for BRC’s earnings. The lowest EPS estimate is ($0.04) and the highest is ($0.02). The company is scheduled to announce its next quarterly earnings results before the market opens on Monday, January 1st.
On average, analysts expect that BRC will report full-year earnings of ($0.06) per share for the current financial year, with EPS estimates ranging from ($0.08) to ($0.04). For the next year, analysts expect that the business will post earnings of $0.01 per share, with EPS estimates ranging from ($0.02) to $0.06. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for BRC.
A number of research firms have recently commented on BRCC. Guggenheim assumed coverage on BRC in a report on Monday, March 28th. They issued a “neutral” rating on the stock. Citigroup assumed coverage on shares of BRC in a research report on Tuesday, March 1st. They set a “neutral” rating and a $20.00 price target for the company. Truist Financial started coverage on BRC in a research report on Monday, March 7th. They issued a “hold” rating and a $20.00 price objective on the stock. Raymond James downgraded BRC from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 5th. Finally, William Blair began coverage on BRC in a research report on Monday, March 7th. They set an “outperform” rating on the stock. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $20.50.
Several institutional investors have recently added to or reduced their stakes in the company. Woodard & Co. Asset Management Group Inc. ADV bought a new position in shares of BRC during the first quarter worth about $2,049,000. Nicholas Investment Partners LP acquired a new stake in BRC in the 1st quarter valued at about $1,108,000. Cannon Global Investment Management LLC acquired a new stake in BRC in the 1st quarter valued at about $653,000. Advisor Group Holdings Inc. purchased a new stake in BRC during the first quarter valued at about $531,000. Finally, First Foundation Advisors purchased a new stake in BRC during the first quarter valued at about $522,000. Institutional investors and hedge funds own 22.05% of the company’s stock.
BRC Company Profile (Get Rating)
BRC Inc, through its subsidiaries, purchases, roasts, and sells coffee, coffee accessories, and branded apparel. The company also produces media content; podcasts; and digital and print journals, as well as sells coffee brewing equipment, and outdoor and lifestyle gear. It supports active military, veterans, and first responders.
- Get a free copy of the StockNews.com research report on BRC (BRCC)
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