BRC Inc. (NYSE:BRCC - Free Report) - Investment analysts at Telsey Advisory Group boosted their Q3 2024 earnings estimates for shares of BRC in a research report issued to clients and investors on Monday, May 6th. Telsey Advisory Group analyst S. Vora now expects that the company will post earnings of $0.00 per share for the quarter, up from their prior estimate of ($0.01). Telsey Advisory Group currently has a "Outperform" rating and a $8.00 target price on the stock. The consensus estimate for BRC's current full-year earnings is ($0.01) per share.
BRC (NYSE:BRCC - Get Free Report) last announced its quarterly earnings data on Wednesday, March 6th. The company reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of ($0.01) by $0.20. The firm had revenue of $119.65 million during the quarter, compared to analysts' expectations of $124.38 million. BRC had a negative net margin of 4.23% and a positive return on equity of 4.11%.
BRC Stock Up 2.4 %
NYSE:BRCC traded up $0.10 during midday trading on Wednesday, reaching $4.27. The company had a trading volume of 1,472,172 shares, compared to its average volume of 704,554. The stock's fifty day simple moving average is $4.33 and its 200-day simple moving average is $3.98. The company has a current ratio of 1.28, a quick ratio of 0.61 and a debt-to-equity ratio of 1.48. BRC has a 12-month low of $2.51 and a 12-month high of $5.85. The firm has a market capitalization of $905.88 million, a price-to-earnings ratio of -16.00 and a beta of 1.01.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its stake in BRC by 106.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,415 shares of the company's stock worth $27,000 after purchasing an additional 3,831 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of BRC by 83.6% in the 4th quarter. Allworth Financial LP now owns 9,776 shares of the company's stock valued at $35,000 after buying an additional 4,450 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of BRC in the 4th quarter valued at $37,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in BRC during the 1st quarter worth $45,000. Finally, Intrinsic Edge Capital Management LLC purchased a new stake in BRC in the fourth quarter valued at $50,000. Hedge funds and other institutional investors own 16.29% of the company's stock.
About BRC
(
Get Free Report)
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.
Featured Articles
Before you consider BRC, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BRC wasn't on the list.
While BRC currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With average gains of 150% since the start of 2023, now is the time to give these stocks a look and pump up your 2024 portfolio.
Get This Free Report
