Roth Capital Weighs in on BRC’s FY2024 Earnings (NYSE:BRCC)

BRC Inc. (NYSE:BRCC) – Equities research analysts at Roth Capital dropped their FY2024 earnings per share (EPS) estimates for BRC in a research note issued on Tuesday, November 5th. Roth Capital analyst G. Kelly now forecasts that the company will post earnings of $0.00 per share for the year, down from their previous estimate 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.

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

BRC Price Performance

Shares of BRC stock opened at $3.20 on Thursday. BRC has a twelve month low of $2.60 and a twelve month high of $7.14. The company has a 50-day simple moving average of $3.48 and a two-hundred day simple moving average of $4.65. The stock has a market capitalization of $680.06 million, a price-to-earnings ratio of -40.00 and a beta of 1.16. The company has a quick ratio of 0.59, a current ratio of 1.07 and a debt-to-equity ratio of 1.01.

BRC (NYSE:BRCC) last issued its earnings results on Monday, November 4th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $98.20 million for the quarter, compared to the consensus estimate of $95.06 million. BRC had a negative net margin of 1.22% and a positive return on equity of 23.81%. During the same period in the previous year, the company earned ($0.05) earnings per share.

Insider Activity at BRC

In related news, Director Thomas E. Davin sold 10,884 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $3.81, for a total transaction of $41,468.04. Following the sale, the director now owns 15,851 shares of the company’s stock, 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 is accessible through this hyperlink. In related news, Director Thomas E. Davin sold 10,884 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $3.81, for a total value of $41,468.04. Following the completion of the transaction, the director now directly owns 15,851 shares in the company, valued at approximately $60,392.31. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Evan Hafer sold 1,000,000 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were 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. In the last three months, insiders have sold 4,010,884 shares of company stock worth $12,811,468. Company insiders own 73.80% of the company’s stock.

Institutional Trading of BRC

A number of institutional investors have recently modified their holdings of BRCC. Blair William & Co. IL purchased a new position in shares of BRC during the 1st quarter worth approximately $731,000. Comerica Bank lifted its position in BRC by 316.4% in the 1st quarter. Comerica Bank now owns 6,054 shares of the company’s stock valued at $26,000 after acquiring an additional 4,600 shares in the last quarter. Riverwater Partners LLC bought a new stake in BRC in the 3rd quarter worth about $1,091,000. Cubist Systematic Strategies LLC bought a new position in BRC during the second quarter valued at approximately $1,084,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of BRC in the 1st quarter worth $45,000. 16.29% of the stock is currently owned by hedge funds and other institutional investors.

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.