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

BRC Inc. (NYSE:BRCC) – Equities researchers at Roth Capital reduced their FY2024 earnings per share (EPS) estimates for BRC in a note issued to investors 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.

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

BRC Stock Performance

Shares of NYSE BRCC opened at $3.07 on Thursday. The stock has a market cap of $651.39 million, a PE ratio of -38.31 and a beta of 1.16. BRC has a 1 year low of $2.60 and a 1 year high of $7.14. The firm has a fifty day moving average price of $3.46 and a 200-day moving average price of $4.64. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.07 and a quick ratio of 0.59.

BRC (NYSE:BRCC) last announced its quarterly earnings data on Monday, November 4th. The company reported ($0.01) earnings per share (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 company had revenue of $98.20 million during the quarter, compared to the consensus estimate of $95.06 million. During the same period in the previous year, the company posted ($0.05) EPS.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Comerica Bank boosted its position in shares of BRC by 316.4% during the first quarter. Comerica Bank now owns 6,054 shares of the company’s stock valued at $26,000 after buying an additional 4,600 shares during the period. nVerses Capital LLC purchased a new position in BRC during the 2nd quarter valued at $28,000. Mirae Asset Global Investments Co. Ltd. bought a new position in BRC in the 1st quarter valued at $45,000. Smith Thornton Advisors LLC bought a new position in BRC in the 3rd quarter valued at $45,000. Finally, United Asset Strategies Inc. purchased a new stake in BRC in the third quarter worth $50,000. 16.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at BRC

In other BRC news, Director Evan Hafer sold 3,000,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $3.20, for a total transaction of $9,600,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other BRC news, 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 value of $9,600,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas E. Davin sold 10,884 shares of the business’s 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 completion of the sale, the director now owns 15,851 shares in the company, valued at approximately $60,392.31. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,010,884 shares of company stock valued at $12,811,468 in the last 90 days. Insiders own 73.80% of the company’s stock.

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.