BRC (NYSE:BRCC) Announces Earnings Results, Misses Estimates By $0.34 EPS

BRC (NYSE:BRCC) released 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. BRC had a negative return on equity of 5.33% and a negative net margin of 0.89%. The business had revenue of $108.04 million for the quarter, compared to the consensus estimate of $105.89 million.

BRC Price Performance

BRCC opened at $12.60 on Tuesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.42 and a quick ratio of 0.80. BRC has a 52-week low of $6.00 and a 52-week high of $18.55. The business’s fifty day moving average is $9.67 and its 200-day moving average is $10.23.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of BRC in a report on Monday. DA Davidson raised their target price on shares of BRC from $2.50 to $25.00 and gave the stock a “buy” rating in a report on Monday, August 31st. Finally, Craig Hallum assumed coverage on shares of BRC in a research report on Monday, August 3rd. They issued a “buy” rating and a $17.50 price target for the company. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $22.50.

Insider Transactions at BRC

In other BRC news, Director Stephen M. Kadenacy sold 10,500 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $8.20, for a total transaction of $86,100.00. Following 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Evan Hafer sold 15,304 shares of the business’s stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $10.62, for a total transaction of $162,528.48. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 46,300 shares of company stock valued at $474,943. 54.87% of the stock is owned by insiders.

About BRC

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.