BRC (BRCC) Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for BRC in the last year. There are currently 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" BRCC shares.
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8 brokers have issued 1 year price targets for BRC's shares. Their BRCC share price forecasts range from $5.00 to $11.00. On average, they anticipate the company's stock price to reach $7.81 in the next twelve months. This suggests a possible upside of 117.9% from the stock's current price.
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BRC's stock was trading at $6.11 at the beginning of the year. Since then, BRCC stock has decreased by 41.3% and is now trading at $3.5850.
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BRC saw a drop in short interest in August. As of August 31st, there was short interest totaling 7,960,000 shares, a drop of 19.4% from the August 15th total of 9,880,000 shares. Based on an average trading volume of 595,300 shares, the short-interest ratio is currently 13.4 days. Currently, 13.5% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 9th 2023.
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BRC Inc. (NYSE:BRCC) issued its quarterly earnings results on Thursday, August, 10th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.01. The firm had revenue of $91.95 million for the quarter, compared to analysts' expectations of $90.63 million. BRC had a negative net margin of 5.30% and a negative trailing twelve-month return on equity of 17.36%.

BRC issued an update on its FY 2023 earnings guidance on Sunday, August, 20th. The company provided EPS guidance of for the period. The company issued revenue guidance of $400.00 million-$400.00 million, compared to the consensus revenue estimate of $420.29 million.

BRC trades on the New York Stock Exchange (NYSE) under the ticker symbol "BRCC."

BRC's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (1.05%), Kim LLC (0.51%), Geode Capital Management LLC (0.35%), State Street Corp (0.27%), Northern Trust Corp (0.15%) and Charles Schwab Investment Management Inc. (0.13%). Insiders that own company stock include Glenn W Welling and Gregory James Iverson.
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Shares of BRCC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BRCC stock can currently be purchased for approximately $3.59.

BRC (NYSE:BRCC) has a market capitalization of $759.55 million and generates $301.31 million in revenue each year. The company earns $-82,910,000.00 in net income (profit) each year or ($0.32) on an earnings per share basis.

The company employs 918 workers across the globe.

BRC's mailing address is 1250 S. CAPITAL OF TEXAS HIGHWAY BUILDING 2 SUITE 285, AUSTIN TX, 78746. The official website for the company is www.shearman.com. The company can be reached via phone at 801-874-1189 or via email at ir@blackriflecoffee.com.