BRC (NYSE:BRCC) Announces Earnings Results

BRC (NYSE:BRCC) released its quarterly earnings data on Monday. The company reported ($0.03) earnings per share (EPS) for the quarter, FiscalAI reports. BRC had a negative return on equity of 11.48% and a negative net margin of 2.86%.The company had revenue of $112.74 million for the quarter.

BRC Trading Up 2.4%

Shares of BRCC stock traded up $0.01 on Monday, reaching $0.64. 1,356,685 shares of the stock were exchanged, compared to its average volume of 1,102,839. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.34 and a quick ratio of 0.68. BRC has a one year low of $0.61 and a one year high of $2.78. The stock has a market cap of $160.11 million, a PE ratio of -4.60 and a beta of 0.94. The stock has a 50 day moving average price of $0.91 and a 200 day moving average price of $1.23.

Analysts Set New Price Targets

Several analysts have recently weighed in on BRCC shares. DA Davidson set a $2.50 price objective on shares of BRC in a report on Wednesday, January 14th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of BRC in a report on Wednesday, January 21st. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $2.50 price objective on shares of BRC in a research report on Wednesday, January 14th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $2.33.

Institutional Trading of BRC

Several institutional investors and hedge funds have recently added to or reduced their stakes in BRCC. Invesco Ltd. grew its position in shares of BRC by 96.1% during the 4th quarter. Invesco Ltd. now owns 30,140 shares of the company’s stock worth $33,000 after buying an additional 14,769 shares during the period. Corient Private Wealth LLC boosted its stake in BRC by 139.1% during the 4th quarter. Corient Private Wealth LLC now owns 58,963 shares of the company’s stock worth $65,000 after acquiring an additional 34,299 shares during the last quarter. Zazove Associates LLC grew its holdings in BRC by 117.5% during the fourth quarter. Zazove Associates LLC now owns 539,454 shares of the company’s stock valued at $599,000 after purchasing an additional 291,433 shares during the period. Bridgeway Capital Management LLC bought a new stake in BRC in the fourth quarter valued at approximately $146,000. Finally, QVIDTVM Management LLC raised its holdings in BRC by 1.8% in the fourth quarter. QVIDTVM Management LLC now owns 3,400,681 shares of the company’s stock worth $3,775,000 after purchasing an additional 60,000 shares during the period. 16.29% of the stock is owned by institutional investors.

BRC Company Profile

Black Rifle Coffee Company, Inc is a veteran-owned specialty coffee roaster and retailer that offers a range of coffee products, merchandise and subscription services. The company sources, roasts and distributes its own blends and single-origin coffees, as well as ready-to-drink beverages and branded apparel. Its product lineup includes whole-bean and ground coffees, cold brew concentrates, K-cup pods and limited-edition small-batch offerings designed to appeal to active lifestyle and patriotic consumers.

Founded in 2014 by U.S.