BRC (NYSE:BRCC) Releases Earnings Results, Meets Estimates

BRC (NYSE:BRCC) issued its quarterly earnings data on Wednesday. The company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01), Zacks reports. The business had revenue of $89.02 million for the quarter, compared to analyst estimates of $101.54 million. BRC had a positive return on equity of 14.15% and a negative net margin of 2.78%. During the same quarter in the previous year, the company posted ($0.03) EPS. BRC updated its FY 2024 guidance to EPS.

BRC Price Performance

BRCC stock traded up $0.12 during midday trading on Friday, hitting $3.50. The stock had a trading volume of 2,890,534 shares, compared to its average volume of 840,605. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.07 and a quick ratio of 0.51. The business has a fifty day moving average price of $5.80 and a two-hundred day moving average price of $4.95. BRC has a 1-year low of $2.51 and a 1-year high of $7.14.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on BRCC shares. Tigress Financial reiterated a “buy” rating and set a $11.00 target price on shares of BRC in a research report on Wednesday, May 22nd. Roth Mkm downgraded BRC from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $8.00 to $4.00 in a report on Friday. Needham & Company LLC reaffirmed a “hold” rating on shares of BRC in a report on Thursday, May 16th. Finally, Telsey Advisory Group decreased their price target on BRC from $8.00 to $6.00 and set an “outperform” rating for the company in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $7.00.

BRC Company Profile

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.