BRC (NYSE:BRCC) Issues Earnings Results, Misses Expectations By $0.34 EPS

BRC (NYSE:BRCC) announced its quarterly earnings results on Monday. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.34), FiscalAI reports. The business had revenue of $108.04 million during the quarter, compared to analysts’ expectations of $105.89 million. BRC had a negative return on equity of 5.33% and a negative net margin of 0.89%.

BRC Stock Up 0.0%

BRCC stock traded up $0.00 during midday trading on Monday, hitting $12.60. The stock had a trading volume of 114,803 shares, compared to its average volume of 112,898. The firm has a market cap of $315.47 million, a price-to-earnings ratio of -42.01 and a beta of 1.25. The business has a 50-day moving average of $9.59 and a two-hundred day moving average of $10.22. BRC has a 52-week low of $6.00 and a 52-week high of $18.55. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.42 and a quick ratio of 0.80.

Insiders Place Their Bets

In other news, insider Evan Hafer sold 15,304 shares of the business’s stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $10.62, for a total transaction of $162,528.48. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stephen M. Kadenacy sold 10,500 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $8.20, for a total transaction of $86,100.00. Following the completion of the sale, the director directly owned 23,495 shares in the company, valued at $192,659. This represents a 30.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 46,300 shares of company stock valued at $474,943. 54.87% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have commented on the stock. DA Davidson upped their price objective on shares of BRC from $2.50 to $25.00 and gave the stock a “buy” rating in a report on Monday, August 31st. Weiss Ratings cut shares of BRC from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, August 4th. Finally, Craig Hallum started coverage on shares of BRC in a research note on Monday, August 3rd. They set a “buy” rating and a $17.50 target price on the stock. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $22.50.

BRC Company Profile

Black Rifle Coffee Company (NYSE: BRCC) is a veteran-founded coffee and lifestyle company focused on producing, marketing and selling premium coffee products. Its offerings include whole-bean and ground coffee, single-serve options, ready-to-drink beverages, tea, brewing equipment, apparel and other branded merchandise.

The company distributes its products through direct-to-consumer channels, including its online store and coffee subscription programs, as well as wholesale and retail partners.