Roth Capital Predicts BRC’s FY2024 Earnings (NYSE:BRCC)

BRC Inc. (NYSE:BRCC) – Analysts at Roth Capital dropped their FY2024 earnings per share (EPS) estimates for shares of BRC in a research note issued to investors on Tuesday, November 5th. Roth Capital analyst G. Kelly now expects that the company will earn $0.00 per share for the year, down from their previous forecast of $0.01. Roth Capital 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.

BRC (NYSE:BRCC) last posted its earnings results on Monday, November 4th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $95.06 million. During the same period in the prior year, the company earned ($0.05) EPS.

Other research analysts have also recently issued research reports about the stock. DA Davidson reiterated a “buy” rating and set a $5.50 price objective on shares of BRC in a research report on Wednesday, September 18th. Roth Mkm restated a “neutral” rating and set a $3.50 price target (down previously from $4.00) on shares of BRC in a research note on Wednesday. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $6.00 price objective on shares of BRC in a research note on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. 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 2.7 %

Shares of NYSE BRCC opened at $3.20 on Thursday. The business’s 50 day moving average is $3.48 and its two-hundred day moving average is $4.65. BRC has a 1-year low of $2.60 and a 1-year high of $7.14. The stock has a market capitalization of $680.06 million, a P/E ratio of -40.00 and a beta of 1.16. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.07 and a quick ratio of 0.59.

Hedge Funds Weigh In On BRC

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in BRC by 0.3% during the first quarter. Vanguard Group Inc. now owns 4,162,960 shares of the company’s stock worth $17,817,000 after acquiring an additional 14,361 shares during the period. Marshall Wace LLP grew its stake in shares of BRC by 76.4% in the 2nd quarter. Marshall Wace LLP now owns 812,373 shares of the company’s stock valued at $4,980,000 after buying an additional 351,757 shares during the period. Blair William & Co. IL increased its stake in BRC by 370.2% during the second quarter. Blair William & Co. IL now owns 802,710 shares of the company’s stock worth $4,921,000 after acquiring an additional 632,000 shares during the last quarter. Maso Capital Partners Ltd acquired a new stake in shares of BRC during the 1st quarter worth about $2,140,000. Finally, Renaissance Technologies LLC raised its stake in shares of BRC by 131.1% in the 2nd quarter. Renaissance Technologies LLC now owns 419,300 shares of the company’s stock valued at $2,570,000 after acquiring an additional 237,869 shares during the period. Hedge funds and other institutional investors own 16.29% of the company’s stock.

Insider Activity

In related news, Director Evan Hafer sold 3,000,000 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $3.20, for a total value of $9,600,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Thomas E. Davin sold 10,884 shares of BRC 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 completion of the transaction, the director now directly owns 15,851 shares of the company’s stock, valued at $60,392.31. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Evan Hafer sold 3,000,000 shares of BRC stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $3.20, for a total transaction of $9,600,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 4,010,884 shares of company stock worth $12,811,468 over the last 90 days. 73.80% of the stock is currently owned by corporate insiders.

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.