Q3 2024 EPS Estimates for BRC Inc. Increased by Telsey Advisory Group (NYSE:BRCC)

BRC Inc. (NYSE:BRCC) – Analysts at Telsey Advisory Group lifted their Q3 2024 earnings per share (EPS) estimates for BRC in a research report issued on Monday, May 6th. Telsey Advisory Group analyst S. Vora now anticipates that the company will post earnings of $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 posted its earnings results on Wednesday, March 6th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.20. The company had revenue of $119.65 million for the quarter, compared to analysts’ expectations of $124.38 million. BRC had a positive return on equity of 4.11% and a negative net margin of 4.23%.

BRC Trading Up 31.0 %

NYSE:BRCC opened at $5.58 on Wednesday. BRC has a 12 month low of $2.51 and a 12 month high of $5.85. The company has a current ratio of 1.28, a quick ratio of 0.61 and a debt-to-equity ratio of 1.48. The company has a 50-day moving average price of $4.36 and a 200-day moving average price of $3.99. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of -20.67 and a beta of 1.01.

Hedge Funds Weigh In On BRC

A number of institutional investors and hedge funds have recently made changes to their positions in BRCC. Alhambra Investment Management LLC boosted its stake in BRC by 21.8% in the 4th quarter. Alhambra Investment Management LLC now owns 16,750 shares of the company’s stock worth $61,000 after purchasing an additional 3,000 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of BRC by 106.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,415 shares of the company’s stock worth $27,000 after buying an additional 3,831 shares in the last quarter. Allworth Financial LP grew its holdings in shares of BRC by 83.6% during the fourth quarter. Allworth Financial LP now owns 9,776 shares of the company’s stock valued at $35,000 after buying an additional 4,450 shares during the last quarter. Raymond James & Associates increased its position in shares of BRC by 27.3% during the third quarter. Raymond James & Associates now owns 21,921 shares of the company’s stock valued at $79,000 after acquiring an additional 4,697 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. raised its holdings in BRC by 23.5% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 30,000 shares of the company’s stock worth $109,000 after acquiring an additional 5,700 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.