BRC (NYSE:BRCC) Downgraded by Roth Capital to Hold

Roth Capital lowered shares of BRC (NYSE:BRCC) from a strong-buy rating to a hold rating in a research report released on Friday, Zacks.com reports. Roth Capital also issued estimates for BRC’s Q4 2024 earnings at $0.02 EPS, Q1 2025 earnings at $0.01 EPS, Q2 2025 earnings at $0.01 EPS, Q4 2025 earnings at $0.02 EPS and FY2025 earnings at $0.06 EPS.

A number of other equities research analysts also recently commented on the company. Needham & Company LLC reissued a hold rating on shares of BRC in a report on Thursday, May 16th. Telsey Advisory Group dropped their target price on shares of BRC from $8.00 to $6.00 and set an outperform rating for the company in a report on Friday. Roth Mkm cut shares of BRC from a buy rating to a neutral rating and cut their target price for the stock from $8.00 to $4.00 in a research report on Friday. Finally, Tigress Financial reiterated a buy rating and issued a $11.00 price target on shares of BRC in a research report on Wednesday, May 22nd. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, BRC has an average rating of Hold and a consensus target price of $7.00.

BRC Trading Up 0.6 %

NYSE:BRCC opened at $3.52 on Friday. BRC has a 12-month low of $2.51 and a 12-month high of $7.14. The company has a current ratio of 1.07, a quick ratio of 0.51 and a debt-to-equity ratio of 1.02. The stock’s 50 day simple moving average is $5.76 and its 200-day simple moving average is $4.95. The firm has a market cap of $747.37 million, a P/E ratio of -19.55 and a beta of 1.21.

BRC (NYSE:BRCC) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). BRC had a negative net margin of 2.78% and a positive return on equity of 14.15%. The company had revenue of $89.02 million for the quarter, compared to analysts’ expectations of $101.54 million. During the same period in the previous year, the company posted ($0.03) EPS. Equities analysts anticipate that BRC will post 0.03 EPS for the current year.

Hedge Funds Weigh In On BRC

Large investors have recently added to or reduced their stakes in the business. nVerses Capital LLC purchased a new position in shares of BRC during the 2nd quarter worth about $28,000. Comerica Bank grew its holdings in BRC by 316.4% in the first quarter. Comerica Bank now owns 6,054 shares of the company’s stock valued at $26,000 after purchasing an additional 4,600 shares during the period. Tower Research Capital LLC TRC increased its position in BRC by 106.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,415 shares of the company’s stock worth $27,000 after purchasing an additional 3,831 shares during the last quarter. Allworth Financial LP raised its stake in BRC by 83.6% during the fourth quarter. Allworth Financial LP now owns 9,776 shares of the company’s stock worth $35,000 after purchasing an additional 4,450 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of BRC in the 4th quarter valued at $37,000. 16.29% of the stock is currently owned by hedge funds and other institutional investors.

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.