BRC (NYSE:BRCC – Get Free Report) announced its quarterly earnings data on Wednesday. The company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01), Zacks reports. The firm had revenue of $89.02 million during the quarter, compared to analysts’ expectations of $101.54 million. BRC had a negative net margin of 2.78% and a positive return on equity of 14.15%. During the same quarter last year, the business earned ($0.03) earnings per share. BRC updated its FY 2024 guidance to EPS.
BRC Trading Up 3.7 %
Shares of NYSE BRCC traded up $0.12 during midday trading on Friday, reaching $3.50. 2,890,534 shares of the company traded hands, compared to its average volume of 840,605. The stock has a 50-day moving average price of $5.80 and a 200 day moving average price of $4.95. BRC has a 52 week low of $2.51 and a 52 week high of $7.14. 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 issued reports on BRCC. Telsey Advisory Group reduced their target price on shares of BRC from $8.00 to $6.00 and set an “outperform” rating on the stock in a report on Friday. Needham & Company LLC reissued a “hold” rating on shares of BRC in a research report on Thursday, May 16th. Roth Mkm lowered shares of BRC from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $8.00 to $4.00 in a research report on Friday. Finally, Tigress Financial reiterated a “buy” rating and set a $11.00 target price on shares of BRC in a report on Wednesday, May 22nd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.00.
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.
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