Analysts Offer Predictions for BRC Inc.’s Q3 2024 Earnings (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 expects that the company will earn $0.00 per share for the quarter, up from their prior forecast of ($0.01). The consensus estimate for BRC’s current full-year earnings is ($0.01) per share.

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

BRC Stock Performance

Shares of NYSE:BRCC opened at $4.11 on Friday. The business’s fifty day moving average price is $4.34 and its two-hundred day moving average price is $3.90. BRC has a fifty-two week low of $2.51 and a fifty-two week high of $5.85. The stock has a market capitalization of $871.94 million, a price-to-earnings ratio of -15.22 and a beta of 0.99. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.28 and a quick ratio of 0.61.

BRC (NYSE:BRCC) last announced its quarterly earnings results on Wednesday, March 6th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.20. BRC had a positive return on equity of 4.11% and a negative net margin of 4.23%. The firm had revenue of $119.65 million for the quarter, compared to analysts’ expectations of $124.38 million.

Hedge Funds Weigh In On BRC

A number of institutional investors and hedge funds have recently bought and sold shares of BRCC. Wesbanco Bank Inc. acquired a new position in shares of BRC during the first quarter valued at $659,000. Wasatch Advisors LP lifted its stake in shares of BRC by 334.0% during the first quarter. Wasatch Advisors LP now owns 1,459,418 shares of the company’s stock valued at $6,246,000 after acquiring an additional 1,123,157 shares during the period. Virtu Financial LLC acquired a new position in shares of BRC during the fourth quarter valued at $169,000. Intrinsic Edge Capital Management LLC acquired a new position in shares of BRC during the fourth quarter valued at $50,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of BRC by 106.9% during the fourth 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. Institutional investors and hedge funds own 16.29% of the company’s stock.

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.