William Blair Has Pessimistic Outlook of BRC Q4 Earnings

BRC Inc. (NYSE:BRCC) – William Blair decreased their Q4 2024 earnings per share estimates for BRC in a report released on Tuesday, November 5th. William Blair analyst J. Andersen now forecasts that the company will post earnings of $0.00 per share for the quarter, down from their prior forecast of $0.02. The consensus estimate for BRC’s current full-year earnings is ($0.03) per share.

BRC (NYSE:BRCC) last issued its quarterly earnings results on Monday, November 4th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. BRC had a positive return on equity of 23.35% and a negative net margin of 1.22%. The company had revenue of $98.20 million during the quarter, compared to analyst estimates of $95.06 million. During the same period in the previous year, the company earned ($0.05) earnings per share.

A number of other research analysts have also commented on the company. Roth Capital lowered BRC from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 9th. Roth Mkm restated a “neutral” rating and issued a $3.50 target price (down from $4.00) on shares of BRC in a research note on Wednesday. Telsey Advisory Group restated an “outperform” rating and issued a $6.00 target price on shares of BRC in a research note on Thursday, October 31st. Finally, DA Davidson restated a “buy” rating and issued a $5.50 target price on shares of BRC in a research note on Wednesday, September 18th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $6.50.

BRC Stock Performance

Shares of NYSE BRCC opened at $3.06 on Thursday. The business has a fifty day simple moving average of $3.43 and a 200 day simple moving average of $4.63. The company has a current ratio of 1.14, a quick ratio of 0.59 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $650.31 million, a price-to-earnings ratio of -38.25 and a beta of 1.16. BRC has a one year low of $2.60 and a one year high of $7.14.

Insiders Place Their Bets

In other BRC news, Director Evan Hafer sold 3,000,000 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $3.20, for a total transaction of $9,600,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Thomas E. Davin sold 10,884 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $3.81, for a total transaction of $41,468.04. Following the sale, the director now owns 15,851 shares in the company, valued at approximately $60,392.31. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Evan Hafer sold 3,000,000 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $3.20, for a total value of $9,600,000.00. The disclosure for this sale can be found here. Insiders sold 4,010,884 shares of company stock worth $12,811,468 over the last three months. 73.80% of the stock is currently owned by corporate insiders.

Institutional Trading of BRC

Several large investors have recently made changes to their positions in BRCC. Mirae Asset Global Investments Co. Ltd. bought a new position in BRC in the first quarter valued at about $45,000. Blair William & Co. IL bought a new position in BRC in the first quarter valued at about $731,000. Maso Capital Partners Ltd bought a new position in BRC in the first quarter valued at about $2,140,000. Magnolia Wealth Management LLC bought a new position in BRC in the first quarter valued at about $254,000. Finally, Vanguard Group Inc. boosted its holdings in BRC by 0.3% in the first quarter. Vanguard Group Inc. now owns 4,162,960 shares of the company’s stock valued at $17,817,000 after acquiring an additional 14,361 shares during the last quarter. Institutional investors own 16.29% of the company’s stock.

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.