Roth Capital Has Negative Forecast for BRC FY2024 Earnings

BRC Inc. (NYSE:BRCC) – Equities research analysts at Roth Capital decreased their FY2024 earnings per share estimates for BRC in a research report issued to clients and investors on Tuesday, November 5th. Roth Capital analyst G. Kelly now expects that the company will post earnings of $0.00 per share for the year, down from their prior estimate of $0.01. Roth Capital currently has a “Hold” rating on the stock. The consensus estimate for BRC’s current full-year earnings is ($0.02) per share. Roth Capital also issued estimates for BRC’s Q4 2024 earnings at $0.00 EPS, Q1 2025 earnings at $0.00 EPS, Q3 2025 earnings at $0.01 EPS, Q4 2025 earnings at $0.01 EPS and FY2025 earnings at $0.03 EPS.

Several other equities analysts have also issued reports on the stock. Roth Mkm reissued a “neutral” rating and set a $3.50 price objective (down from $4.00) on shares of BRC in a report on Wednesday. DA Davidson reiterated a “buy” rating and issued a $5.50 price target on shares of BRC in a report on Wednesday, September 18th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $6.00 price objective on shares of BRC in a research note on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, BRC currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.50.

BRC Trading Down 4.2 %

NYSE:BRCC opened at $3.07 on Thursday. The firm has a 50-day simple moving average of $3.46 and a 200-day simple moving average of $4.64. BRC has a one year low of $2.60 and a one year high of $7.14. The firm has a market cap of $651.39 million, a P/E ratio of -38.31 and a beta of 1.16. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.59 and a current ratio of 1.07.

BRC (NYSE:BRCC) last announced its quarterly earnings results on Monday, November 4th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.02) by $0.01. BRC had a positive return on equity of 23.81% and a negative net margin of 1.22%. The firm had revenue of $98.20 million for the quarter, compared to analyst estimates of $95.06 million. During the same quarter last year, the firm posted ($0.05) earnings per share.

Institutional Trading of BRC

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BRCC. Blair William & Co. IL lifted its stake in BRC by 370.2% during the 2nd quarter. Blair William & Co. IL now owns 802,710 shares of the company’s stock valued at $4,921,000 after acquiring an additional 632,000 shares during the period. Maso Capital Partners Ltd acquired a new position in BRC during the first quarter valued at $2,140,000. Marshall Wace LLP boosted its holdings in BRC by 76.4% in the second quarter. Marshall Wace LLP now owns 812,373 shares of the company’s stock valued at $4,980,000 after purchasing an additional 351,757 shares during the last quarter. Riverwater Partners LLC acquired a new stake in BRC during the 3rd quarter worth about $1,091,000. Finally, Renaissance Technologies LLC raised its stake in shares of BRC by 131.1% during the 2nd quarter. Renaissance Technologies LLC now owns 419,300 shares of the company’s stock valued at $2,570,000 after buying an additional 237,869 shares during the last quarter. Institutional investors and hedge funds own 16.29% of the company’s stock.

Insider Transactions at BRC

In other BRC news, Director Thomas E. Davin sold 10,884 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $3.81, for a total value of $41,468.04. Following the completion of the sale, the director now owns 15,851 shares of the company’s stock, valued at approximately $60,392.31. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other BRC news, Director Thomas E. Davin sold 10,884 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $3.81, for a total transaction of $41,468.04. Following the transaction, the director now owns 15,851 shares in the company, valued at approximately $60,392.31. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Evan Hafer sold 1,000,000 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $3.17, for a total transaction of $3,170,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,010,884 shares of company stock valued at $12,811,468. Corporate insiders own 73.80% 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.