BRC (NYSE:BRCC – Get Free Report) released its quarterly earnings results on Monday. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.34), FiscalAI reports. The firm had revenue of $108.04 million for the quarter, compared to analyst estimates of $105.89 million. BRC had a negative net margin of 1.53% and a negative return on equity of 9.44%.
BRC Price Performance
BRC stock opened at $9.50 on Wednesday. The company has a fifty day simple moving average of $9.67 and a 200-day simple moving average of $10.23. The firm has a market capitalization of $237.68 million, a price-to-earnings ratio of -16.85 and a beta of 1.21. The company has a quick ratio of 0.80, a current ratio of 1.42 and a debt-to-equity ratio of 0.40. BRC has a 52-week low of $6.00 and a 52-week high of $18.55.
Analysts Set New Price Targets
A number of research firms recently issued reports on BRCC. DA Davidson lifted their price target on shares of BRC from $2.50 to $25.00 and gave the company a “buy” rating in a research note on Monday, August 31st. Craig Hallum began coverage on shares of BRC in a report on Monday, August 3rd. They set a “buy” rating and a $17.50 price objective on the stock. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of BRC in a research report on Monday. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, BRC has an average rating of “Moderate Buy” and a consensus price target of $22.50.
View Our Latest Analysis on BRCC
Insider Transactions at BRC
In related news, insider Evan Hafer sold 15,304 shares of the business’s stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $10.62, for a total transaction of $162,528.48. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stephen Kadenacy sold 10,500 shares of the company’s 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 of the company’s stock, valued at approximately $192,659. This represents a 30.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 46,300 shares of company stock worth $474,943 over the last 90 days. 54.87% of the stock is currently owned by company insiders.
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.
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