BRC (NYSE:BRCC) Releases Earnings Results

Key Points

• BRC reported a quarterly loss of $0.28 per share, missing analysts’ $0.06 EPS estimate by $0.34. Revenue reached $108.04 million, slightly ahead of the $105.89 million consensus.
• BRCC shares traded at $12.60, with a market capitalization of approximately $315.5 million. The stock has ranged from $6.00 to $18.55 over the past 52 weeks.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $22.50, although insiders sold 46,300 shares worth roughly $474,943 over the past 90 days.

BRC (NYSE:BRCC - Get Free Report) released its quarterly earnings results on Monday. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.34), FiscalAI reports. The company had revenue of $108.04 million for the quarter, compared to analyst estimates of $105.89 million. BRC had a negative return on equity of 5.33% and a negative net margin of 0.89%.

BRC Stock Performance

BRCC traded up $0.00 during trading on Monday, reaching $12.60. 114,803 shares of the company were exchanged, compared to its average volume of 112,898. The firm has a 50 day moving average of $9.59 and a 200 day moving average of $10.22. The stock has a market cap of $315.47 million, a P/E ratio of -42.01 and a beta of 1.25. The company has a current ratio of 1.42, a quick ratio of 0.80 and a debt-to-equity ratio of 0.40. BRC has a 52 week low of $6.00 and a 52 week high of $18.55.

Analysts Set New Price Targets

Several analysts have recently weighed in on BRCC shares. Craig Hallum started coverage on BRC in a research note on Monday, August 3rd. They set a "buy" rating and a $17.50 target price for the company. Weiss Ratings lowered BRC from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Tuesday, August 4th. Finally, DA Davidson raised their price objective on BRC from $2.50 to $25.00 and gave the stock a "buy" rating in a research note on Monday, August 31st. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $22.50.

Insider Activity

In related news, Director Stephen M. Kadenacy sold 10,500 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $8.20, for a total value of $86,100.00. Following the completion of the transaction, the director owned 23,495 shares in the company, valued at $192,659. This represents a 30.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Evan Hafer sold 15,304 shares of the business's stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $10.62, for a total transaction of $162,528.48. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 46,300 shares of company stock valued at $474,943. 54.87% of the stock is owned by insiders.

BRC Company Profile

Black Rifle Coffee Company NYSE: BRCC is a veteran-founded coffee and lifestyle company focused on producing, marketing and selling premium coffee products. Its offerings include whole-bean and ground coffee, single-serve options, ready-to-drink beverages, tea, brewing equipment, apparel and other branded merchandise.

The company distributes its products through direct-to-consumer channels, including its online store and coffee subscription programs, as well as wholesale and retail partners.

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