BRC (NYSE:BRCC) Announces Quarterly Earnings Results

Key Points

• BRC reported a quarterly EPS of ($0.07), missing estimates by $0.04. The company also had a negative net margin of 1.67% and a return on equity of –2.09%.
• In insider trading news, Director Evan Hafer and Director Stephen M. Kadenacy each purchased 80,000 shares at an average price of $1.25 per share, totaling $100,000 each, indicating strong insider confidence.
• Wall Street analysts remain optimistic, with Telsey Advisory Group maintaining an "outperform" rating and setting a price target of $4.00 for BRC shares.

BRC (NYSE:BRCC - Get Free Report) issued its quarterly earnings data on Monday. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.04), Zacks reports. BRC had a negative net margin of 2.89% and a negative return on equity of 12.00%. The business had revenue of $94.84 million for the quarter, compared to analysts' expectations of $91.78 million. BRC updated its FY 2025 guidance to EPS.

BRC Stock Performance

Shares of BRC stock traded down $0.09 on Wednesday, reaching $1.31. 761,549 shares of the stock were exchanged, compared to its average volume of 777,921. The business has a 50 day moving average price of $1.62 and a two-hundred day moving average price of $2.03. The firm has a market capitalization of $186.07 million, a price-to-earnings ratio of -8.70 and a beta of 0.93. BRC has a twelve month low of $1.19 and a twelve month high of $5.47. The company has a quick ratio of 0.61, a current ratio of 1.30 and a debt-to-equity ratio of 1.50.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Roth Capital set a $2.00 price target on BRC and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Telsey Advisory Group reissued an "outperform" rating and set a $4.00 target price on shares of BRC in a research report on Tuesday.

Insiders Place Their Bets

In other BRC news, Director Glenn W. Welling bought 400,000 shares of BRC stock in a transaction that occurred on Friday, July 18th. The stock was purchased at an average price of $1.25 per share, with a total value of $500,000.00. Following the completion of the acquisition, the director directly owned 13,935,560 shares in the company, valued at approximately $17,419,450. This trade represents a 2.96% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Evan Hafer purchased 80,000 shares of the stock in a transaction on Friday, July 18th. The stock was acquired at an average cost of $1.25 per share, for a total transaction of $100,000.00. Following the completion of the acquisition, the director owned 80,000 shares of the company's stock, valued at $100,000. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 576,000 shares of company stock valued at $720,000. 73.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Millennium Management LLC boosted its position in BRC by 4.1% in the 1st quarter. Millennium Management LLC now owns 1,871,110 shares of the company's stock worth $3,911,000 after purchasing an additional 72,962 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in BRC by 204.5% during the first quarter. Goldman Sachs Group Inc. now owns 651,251 shares of the company's stock worth $1,361,000 after buying an additional 437,359 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in BRC by 342.1% during the first quarter. AQR Capital Management LLC now owns 56,861 shares of the company's stock valued at $119,000 after buying an additional 43,998 shares during the period. 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.