Date | Price Target | Rating | Analyst |
---|---|---|---|
8/9/2024 | $8.00 → $6.00 | Outperform | Telsey Advisory Group |
8/9/2024 | $8.00 → $4.00 | Buy → Neutral | ROTH MKM |
5/31/2023 | Hold | Needham | |
8/2/2022 | $10.00 | Neutral | Citigroup |
5/26/2022 | $17.00 | Buy | Tigress Financial |
4/5/2022 | Outperform → Mkt Perform | Raymond James | |
3/31/2022 | $19.00 | Hold | Deutsche Bank |
3/28/2022 | Neutral | Guggenheim |
Highlights Announces Q4 launch of Black Rifle Energy™ RTD, offering a clean energy alternative for national distribution in FY25 featuring BRCC's one-of-a-kind designs Wholesale revenue grew 8% compared to Q2 2023 while net revenue decreased 3% in Q2 2024 to $89.0 million Adjusted EBITDA of $8.5 million and Net Loss of $1.4 million, an increase of $8.4 million and $13.3 million, compared to Adjusted EBITDA of $0.1 million and a Net Loss of $14.7 million in Q2 2023 Reiterates full year adjusted EBITDA guidance of $32 million to $42 million BRC Inc. (NYSE:BRCC, the ", Company", ))), the rapidly-growing, mission-driven premium coffee company creating long-term shareholder value
BRC Inc. (("The Company", "BRCC" or "Black Rifle Coffee Company", NYSE:BRCC), the rapidly-growing, mission-driven premium coffee company creating long-term shareholder value through innovative brand strategy that elevates the service community, today announced the release date for its second quarter 2024 results on Wednesday, August 7, 2024 after market close, with a conference call to follow on Thursday, August 8, 2024 at 8:30am ET. Investors are invited to listen to the Company's conference call discussing the financial results for the second quarter 2024, on Thursday, August 8, 2024, at 8:30 a.m. Eastern Time, via webcast on the Company's website at ir.blackriflecoffee.com. Interested
Highlights Net Revenue increased 18% in Q1 2024 to $98.4 million, driven by Wholesale growth of 51% compared to Q1 2023 Net Income of $1.9 million and Adjusted EBITDA of $14.1 million, an increase of $19.2 million and $19.3 million, compared to a Net Loss of $17.3 million and Adjusted EBITDA Loss of $5.2 million compared to Q1 2023 Increased 2024 guidance to Adjusted EBITDA of $32.0 million to $42.0 million with Free Cash Flow conversion of ~80% of Adjusted EBITDA 2024 Gross Margin now expected to be at the high end of the range of guidance of 37% - 40% Enters into strategic partnership with Keurig Dr Pepper for K-Cup pod manufacturing and distribution BRC Inc. (NYSE:BRCC,
Shares of Conagra Brands, Inc. (NYSE:CAG) fell during Thursday's session after the company reported worse-than-expected fourth-quarter sales results and issued FY25 adjusted EPS guidance below estimates. The company reported adjusted earnings per share of 61 cents, beating the analyst consensus estimate of 57 cents. Quarterly revenues of $2.905 billion missed the street view of $2.930 billion, according to data from Benzinga Pro. Conagra Brands shares declined 3.9% to $27.70 on Thursday. Here are some other stocks moving in today’s mid-day session. Gainers Kazia Therapeutics Limited (NASDAQ:KZIA) shares surged 88.6% to $1.26. Kazia Therapeutics, on Wednesday, announced result
Across the recent three months, 6 analysts have shared their insights on BRC (NYSE:BRCC), expressing a variety of opinions spanning from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 4 0 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 1 0 0 0 0 3M Ago 1 3 0 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $8.33, with a high estimate of $11.00
Telsey Advisory Group analyst Sarang Vora maintains BRC (NYSE:BRCC) with a Outperform and maintains $8 price target.
Telsey Advisory Group reiterated coverage of BRC Inc. with a rating of Outperform and set a new price target of $6.00 from $8.00 previously
ROTH MKM downgraded BRC Inc. from Buy to Neutral and set a new price target of $4.00 from $8.00 previously
Needham initiated coverage of BRC Inc. with a rating of Hold
Black Rifle Coffee Company (NYSE:BRCC) ("BRCC," "the company"), the rapidly-growing, mission-driven premium coffee company creating long-term shareholder value through innovative brand strategy that elevates the service community, proudly announces its upcoming Investor Day to be held on Veterans Day, November 11, 2024, at the New York Stock Exchange, 11 Wall Street, New York, NY 10005. With this event, BRCC welcomes investors to connect with company leadership, gain insight into its strategic vision, and celebrate its service-forward mission. Founded by special operations veterans with a passion for great coffee and an even greater passion for supporting the service community, Black Rifl
Black Rifle Coffee Company (NYSE:BRCC, the "Company"))), the rapidly-growing, mission-driven premium coffee company creating long-term shareholder value through innovative brand strategy that elevates the service community, today announced the appointment of Major General Clayton Hutmacher and Lawrence "Chip" Molloy to its Board of Directors effective June 7, 2024. "We are pleased to welcome Clay and Chip as new independent directors to the Black Rifle Coffee Company Board," said Chris Mondzelewski, BRCC Chief Executive Officer. "We are unique as a company in that our service-forward mission drives our ever-expanding relationship with customers across existing and new sales channels, and
Black Rifle Coffee (NYSE:BRCC) ("BRCC" or the "Company"), a rapidly growing and mission-driven coffee company founded to support veterans, active-duty military, and first responders and serve a broad customer base by connecting consumers with great coffee and a unique brand experience, today announced the appointment of Danya Kennedy as Chief Revenue Officer. In her role, Danya will support the Company's efforts to further build on its strong brand momentum and drive profitable, sustainable growth across channels. Danya brings more than two decades of experience as a sales and growth leader, driving results with Food, Drug, Mass (FDM) and Omni retail partners. In her most recent role, she
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Black Rifle Coffee Company (NYSE:BRCC) ("BRCC," "the company"), a rapidly-growing, mission-driven lifestyle brand and premium coffee company, today unveiled a long-term sales and distribution agreement with Keurig Dr Pepper Inc. (NASDAQ:KDP) ("KDP") for BRCC's new line of ready-to-drink Black Rifle Energy beverages. The deal matches BRCC's vast consumer appeal and authentically entertaining brand strategy with KDP's unique route-to-market advantage. Black Rifle Energy beverages provide a boost from naturally sourced caffeine fueled by BRCC's proprietary Black Rifle Energy Blend, presented in packaging that embodies the brand's identity and its commitment to quality, patriotism, and the mi
Highlights Announces Q4 launch of Black Rifle Energy™ RTD, offering a clean energy alternative for national distribution in FY25 featuring BRCC's one-of-a-kind designs Wholesale revenue grew 8% compared to Q2 2023 while net revenue decreased 3% in Q2 2024 to $89.0 million Adjusted EBITDA of $8.5 million and Net Loss of $1.4 million, an increase of $8.4 million and $13.3 million, compared to Adjusted EBITDA of $0.1 million and a Net Loss of $14.7 million in Q2 2023 Reiterates full year adjusted EBITDA guidance of $32 million to $42 million BRC Inc. (NYSE:BRCC, the ", Company", ))), the rapidly-growing, mission-driven premium coffee company creating long-term shareholder value
Black Rifle Coffee Company (NYSE:BRCC) ("BRCC," "the company"), a rapidly-growing, mission-driven lifestyle brand and premium coffee company, is expanding into the energy product category with the launch of a new line of high-octane, ready-to-drink Black Rifle Energy™ beverages expected to premier in late Q4 and arrive nationwide in early 2025. BRCC has dominated the premium coffee space for nearly a decade with its bold roasts and even bolder content strategy. The company's unwavering commitment to pro-American values and its relentlessly service-forward mission have earned the support of a loyal customer base, driving successful growth in new markets. Now, BRCC is kicking into high gear
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