Analysts Set Expectations for BRC Inc.’s Q3 2024 Earnings (NYSE:BRCC)

BRC Inc. (NYSE:BRCC) – Equities research analysts at Telsey Advisory Group lifted their Q3 2024 EPS estimates for 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 earn $0.00 per share for the quarter, up from their previous 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) last announced its earnings results on Wednesday, March 6th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.20. BRC had a positive return on equity of 4.11% and a negative net margin of 4.23%. The company had revenue of $119.65 million for the quarter, compared to the consensus estimate of $124.38 million.

BRC Stock Up 3.6 %

Shares of BRC stock opened at $4.17 on Wednesday. The company has a market cap of $883.60 million, a P/E ratio of -15.43 and a beta of 1.01. The firm has a fifty day moving average of $4.33 and a two-hundred day moving average of $3.98. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.61 and a current ratio of 1.28. BRC has a one year low of $2.51 and a one year high of $5.85.

Hedge Funds Weigh In On BRC

A number of large investors have recently modified their holdings of BRCC. QVIDTVM Management LLC boosted its holdings in BRC by 19.9% during the third quarter. QVIDTVM Management LLC now owns 2,477,346 shares of the company’s stock worth $8,894,000 after buying an additional 411,231 shares in the last quarter. Wasatch Advisors LP raised its holdings in BRC by 334.0% during the first quarter. Wasatch Advisors LP now owns 1,459,418 shares of the company’s stock worth $6,246,000 after purchasing an additional 1,123,157 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in BRC by 106,550.0% during the third quarter. PNC Financial Services Group Inc. now owns 479,925 shares of the company’s stock worth $1,723,000 after purchasing an additional 479,475 shares in the last quarter. Anchor Capital Advisors LLC grew its holdings in BRC by 68.4% in the third quarter. Anchor Capital Advisors LLC now owns 376,148 shares of the company’s stock valued at $1,350,000 after purchasing an additional 152,793 shares during the last quarter. Finally, Hollencrest Capital Management increased its position in shares of BRC by 40.8% in the first quarter. Hollencrest Capital Management now owns 262,820 shares of the company’s stock valued at $1,125,000 after buying an additional 76,120 shares in the last quarter. 16.29% of the stock is owned by hedge funds and other institutional investors.

BRC Company Profile

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.