Equities Analysts Set Expectations for BRC FY2025 Earnings

BRC Inc. (NYSE:BRCC - Free Report) - Analysts at William Blair decreased their FY2025 earnings estimates for shares of BRC in a report issued on Tuesday, November 5th. William Blair analyst J. Andersen now expects that the company will post earnings per share of $0.05 for the year, down from their previous estimate of $0.10. The consensus estimate for BRC's current full-year earnings is ($0.03) per share.

BRC (NYSE:BRCC - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.01. BRC had a negative net margin of 1.22% and a positive return on equity of 23.35%. The firm had revenue of $98.20 million for the quarter, compared to analyst estimates of $95.06 million. During the same quarter in the previous year, the business posted ($0.05) earnings per share.

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

BRC Price Performance

Shares of NYSE BRCC traded up $0.01 during mid-day trading on Friday, hitting $3.07. 632,617 shares of the company traded hands, compared to its average volume of 897,378. The company has a current ratio of 1.14, a quick ratio of 0.59 and a debt-to-equity ratio of 0.92. BRC has a 1 year low of $2.60 and a 1 year high of $7.14. The business has a 50 day moving average of $3.46 and a two-hundred day moving average of $4.64.

Insider Activity

In other news, Director Evan Hafer sold 1,000,000 shares of BRC stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $3.17, for a total value of $3,170,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other BRC news, Director Evan Hafer sold 1,000,000 shares of the company's stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $3.17, for a total value of $3,170,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas E. Davin sold 10,884 shares of BRC stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $3.81, for a total value of $41,468.04. Following the sale, the director now directly owns 15,851 shares in the company, valued at $60,392.31. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,010,884 shares of company stock valued at $12,811,468 over the last 90 days. 73.80% of the stock is currently owned by company insiders.

Institutional Trading of BRC

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Comerica Bank boosted its position in BRC by 316.4% in 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 in the last quarter. nVerses Capital LLC bought a new position in BRC in the 2nd quarter valued at $28,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of BRC during the first quarter worth $45,000. Smith Thornton Advisors LLC acquired a new stake in shares of BRC in the third quarter valued at $45,000. Finally, United Asset Strategies Inc. bought a new position in shares of BRC in the third quarter valued at about $50,000. Institutional investors own 16.29% of the company's stock.

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.