Q1 2024 Earnings Estimate for BRC Inc. Issued By Roth Capital (NYSE:BRCC)

BRC Inc. (NYSE:BRCC) – Equities research analysts at Roth Capital cut their Q1 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 ($0.02) per share for the quarter, down from their previous estimate of ($0.01). The consensus estimate for BRC’s current full-year earnings is ($0.01) per share.

BRC (NYSE:BRCC) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $0.19 EPS for the quarter, beating the consensus estimate 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 business had revenue of $119.65 million for the quarter, compared to the consensus estimate of $124.38 million.

Separately, Telsey Advisory Group reissued an “outperform” rating and set a $8.00 target price on shares of BRC in a 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’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $7.92.

BRC Price Performance

BRC stock opened at $4.11 on Monday. The business’s 50 day simple moving average is $4.34 and its 200 day simple moving average is $3.92. The company has a current ratio of 1.28, a quick ratio of 0.61 and a debt-to-equity ratio of 1.48. BRC has a 12 month low of $2.51 and a 12 month high of $5.85. The company has a market cap of $871.94 million, a price-to-earnings ratio of -15.22 and a beta of 0.99.

Institutional Investors Weigh In On BRC

A number of hedge funds and other institutional investors have recently bought and sold shares of BRCC. Alhambra Investment Management LLC increased its holdings in shares of BRC by 21.8% in the fourth quarter. Alhambra Investment Management LLC now owns 16,750 shares of the company’s stock worth $61,000 after purchasing an additional 3,000 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of BRC by 106.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,415 shares of the company’s stock worth $27,000 after purchasing an additional 3,831 shares during the period. Allworth Financial LP increased its holdings in shares of BRC by 83.6% in the fourth quarter. Allworth Financial LP now owns 9,776 shares of the company’s stock worth $35,000 after purchasing an additional 4,450 shares during the period. Raymond James & Associates increased its holdings in shares of BRC by 27.3% in the third quarter. Raymond James & Associates now owns 21,921 shares of the company’s stock worth $79,000 after purchasing an additional 4,697 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of BRC by 23.5% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 30,000 shares of the company’s stock worth $109,000 after purchasing an additional 5,700 shares during the period. Institutional investors 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.