What is William Blair’s Estimate for BRC Q4 Earnings?

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

BRC (NYSE:BRCC) last issued its quarterly earnings results on Monday, November 4th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $98.20 million for the quarter, compared to the consensus estimate of $95.06 million. BRC had a positive return on equity of 23.81% and a negative net margin of 1.22%. During the same period in the prior year, the firm posted ($0.05) earnings per share.

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

BRC Stock Performance

Shares of BRCC stock opened at $3.20 on Thursday. The business’s fifty day simple moving average is $3.48 and its 200-day simple moving average is $4.65. The company has a market cap of $680.06 million, a PE ratio of -40.00 and a beta of 1.16. The company has a current ratio of 1.07, a quick ratio of 0.59 and a debt-to-equity ratio of 1.01. BRC has a 12-month low of $2.60 and a 12-month high of $7.14.

Insider Buying and Selling at BRC

In other BRC news, Director Thomas E. Davin sold 10,884 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $3.81, for a total value of $41,468.04. Following the sale, the director now directly owns 15,851 shares of the company’s stock, valued at approximately $60,392.31. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other BRC news, Director Thomas E. Davin sold 10,884 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $3.81, for a total value of $41,468.04. Following the sale, the director now directly owns 15,851 shares of the company’s stock, valued at approximately $60,392.31. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Evan Hafer sold 1,000,000 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $3.17, for a total transaction of $3,170,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,010,884 shares of company stock valued at $12,811,468. 73.80% of the stock is owned by insiders.

Institutional Investors Weigh In On BRC

Hedge funds have recently modified their holdings of the company. Blair William & Co. IL purchased a new stake in shares of BRC during the 1st quarter worth about $731,000. Comerica Bank boosted its stake in shares of BRC by 316.4% during the 1st quarter. Comerica Bank now owns 6,054 shares of the company’s stock worth $26,000 after acquiring an additional 4,600 shares in the last quarter. Riverwater Partners LLC purchased a new stake in shares of BRC during the 3rd quarter worth about $1,091,000. Cubist Systematic Strategies LLC purchased a new stake in shares of BRC during the 2nd quarter worth about $1,084,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of BRC during the 1st quarter worth about $45,000. 16.29% of the stock is 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.