William Blair Has Pessimistic Outlook of BRC Q4 Earnings

BRC Inc. (NYSE:BRCC - Free Report) - Investment analysts at William Blair decreased their Q4 2024 earnings estimates for shares of BRC in a research note issued to investors on Tuesday, November 5th. William Blair analyst J. Andersen now anticipates that the company will earn $0.00 per share for the quarter, down from their prior forecast of $0.02. The consensus estimate for BRC's current full-year earnings is ($0.02) per share.

BRC (NYSE:BRCC - Get Free Report) last posted its earnings results 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. The firm had revenue of $98.20 million during the quarter, compared to analysts' expectations of $95.06 million. BRC had a positive return on equity of 23.81% and a negative net margin of 1.22%. During the same period in the previous year, the firm earned ($0.05) earnings per share.

A number of other analysts have also commented on the company. Roth Capital lowered BRC from a "strong-buy" rating to a "hold" rating in a report on Friday, August 9th. DA Davidson restated a "buy" rating and issued a $5.50 price objective on shares of BRC in a report on Wednesday, September 18th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $6.00 target price on shares of BRC in a research report on Thursday, October 31st. Finally, Roth Mkm reissued a "neutral" rating and set a $3.50 price target (down from $4.00) on shares of BRC in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $6.50.

BRC Stock Down 4.2 %

BRCC traded down $0.14 during trading on Thursday, reaching $3.07. The company had a trading volume of 735,817 shares, compared to its average volume of 898,603. The company has a market cap of $651.39 million, a P/E ratio of -38.31 and a beta of 1.16. BRC has a 12 month low of $2.60 and a 12 month high of $7.14. The business's fifty day moving average price is $3.46 and its 200 day moving average price is $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.

Insider Transactions at BRC

In related news, Director Evan Hafer sold 3,000,000 shares of the firm's stock in a transaction dated 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 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 BRC stock in a transaction 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Evan Hafer sold 3,000,000 shares of the company's 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 4,010,884 shares of company stock worth $12,811,468 in the last ninety days. Insiders own 73.80% of the company's stock.

Institutional Trading of BRC

Hedge funds have recently modified their holdings of the stock. Blair William & Co. IL acquired a new position in BRC in the 1st quarter valued at $731,000. Comerica Bank grew its position in shares of BRC by 316.4% during the 1st quarter. Comerica Bank now owns 6,054 shares of the company's stock worth $26,000 after purchasing an additional 4,600 shares in the last quarter. Riverwater Partners LLC acquired a new stake in shares of BRC in the third quarter valued at approximately $1,091,000. Cubist Systematic Strategies LLC bought a new stake in shares of BRC in the second quarter valued at approximately $1,084,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of BRC in the first quarter valued at approximately $45,000. Institutional investors and hedge funds own 16.29% 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.