BRC (NYSE:BRCC) Issues Earnings Results

BRC (NYSE:BRCC) released its quarterly earnings data on Wednesday. The company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01), Zacks reports. BRC had a positive return on equity of 14.15% and a negative net margin of 2.78%. The company had revenue of $89.02 million for the quarter, compared to analyst estimates of $101.54 million. During the same period in the prior year, the company posted ($0.03) EPS. BRC updated its FY 2024 guidance to EPS.

BRC Stock Up 3.9 %

BRCC stock traded up $0.13 during trading hours on Friday, reaching $3.50. 2,892,391 shares of the stock were exchanged, compared to its average volume of 840,605. The firm’s 50-day moving average is $5.80 and its 200-day moving average is $4.95. BRC has a 12 month low of $2.51 and a 12 month high of $7.14. The company has a market cap of $743.12 million, a price-to-earnings ratio of -19.42 and a beta of 1.21. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.07 and a quick ratio of 0.51.

Analyst Upgrades and Downgrades

A number of research firms have commented on BRCC. Needham & Company LLC restated a “hold” rating on shares of BRC in a research report on Thursday, May 16th. Telsey Advisory Group decreased their price target on BRC from $8.00 to $6.00 and set an “outperform” rating on the stock in a research report on Friday. Roth Capital downgraded BRC from a “strong-buy” rating to a “hold” rating in a research report on Friday. Roth Mkm lowered BRC from a “buy” rating to a “neutral” rating and lowered their target price for the company from $8.00 to $4.00 in a research note on Friday. Finally, Tigress Financial reaffirmed a “buy” rating and issued a $11.00 price target on shares of BRC in a report on Wednesday, May 22nd. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, BRC has an average rating of “Hold” and a consensus price target of $7.00.

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.