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Black Rifle Coffee Company is a publicly traded company, listed on the New York Stock Exchange (NYSE) under the ticker symbol BRCC.
The company's stock symbol, BRCC, is a unique identifier that allows investors to buy and sell shares of the company on the open market.
As a publicly traded company, Black Rifle Coffee Company is required to disclose certain information to the public, including its financial performance and business operations.
Investors can access this information through the company's official website or by reviewing publicly available filings with the Securities and Exchange Commission (SEC).
Worth a look: Black Owned Publicly Traded Companies
Company News
Black Rifle Coffee Company is hosting an Investor Day presentation at the 27th Annual ICR Conference on January 14, 2025, at 8:00 AM Eastern Time.
The presentation will be led by the company's executive leadership team and will cover Black Rifle's long-term growth strategy, profitability goals, and upcoming product innovations.
The event will be accessible via webcast and through the company's Investor Relations website at ir.blackriflecoffee.com, where supporting materials will also be available.
Expand your knowledge: Black Rifle Coffee
Black Rifle Coffee Company has partnered with the UFC to auction a unique jacket worn by Bruce Buffer during UFC 309 at Madison Square Garden.
The jacket features Vietnam War-inspired tiger stripe camouflage and custom details, and will be auctioned from November 16-23 to benefit the Special Operations Warrior Foundation's Children with Disabilities Program.
Black Rifle Coffee Company has also made a direct donation of $250,000 to support the Special Operations Warrior Foundation's mission of providing education funding for children of fallen Special Operations Personnel and Medal of Honor Recipients.
Financial Information
Black Rifle Coffee Company's financial performance in 2023 was impressive, with revenue reaching $395.62 million, a 31.30% increase from the previous year.
This significant growth is a testament to the company's innovative approach and mission-driven focus.
The company's losses decreased dramatically, dropping to -$16.75 million, a 79.87% decrease from 2022.
Financial Performance
In 2023, BRC Inc.'s revenue was a significant $395.62 million, marking a 31.30% increase from the previous year's $301.31 million.
This substantial growth in revenue is a testament to the company's ability to expand its market share and appeal to a wider customer base.
Losses decreased dramatically, reaching -$16.75 million in 2023, a -79.87% drop from the previous year's losses.
The company's financial performance is a key indicator of its overall health and stability, and these numbers suggest that BRC Inc. is on the right track.
Analyst Forecast
According to 6 analysts, the average rating for BRCC stock is "Buy."
The 12-month stock price forecast is $6.15, which is an increase of 103.83% from the latest price.
This forecast is based on the opinions of multiple experts in the field, giving investors a sense of confidence in the stock's potential.
Stock Performance
Black Rifle Coffee Company's stock performance has been a wild ride. Its revenue was $395.62 million in 2023, a 31.30% increase from the previous year.
The company's financial performance improved significantly in 2023, with a loss of -$16.75 million, a 79.87% decrease from 2022. This turnaround is a positive sign for investors.
In the first quarter of 2023, Black Rifle Coffee posted its first quarter of positive net income since going public, albeit a meager profit of less than $2 million. However, management expects to post a full-year profit.
The company's stock price has increased by more than 100% over the last eight months, rising from below $3 per share to around $6 a share. This is a far better return than the S&P 500 or larger coffee companies like Starbucks and Dutch Bros.
Black Rifle Coffee's stock trades at a reasonable price, with a price-to-sales (P/S) ratio below 1, which is unusual for a high-growth company. The business is on a good trajectory, with its canned beverages taking market share and providing top-line growth.
Frequently Asked Questions
Is BRCC a good stock to buy?
BRCC has a Moderate Buy rating with 63.93% upside potential, making it a potentially attractive investment option. However, it's essential to do further research before making a decision.
Who is the largest shareholder of BRCC?
The largest shareholders of BRCC include Engaged Capital LLC, Vanguard Group Inc, and BlackRock, Inc. These prominent investment firms collectively hold significant stakes in the company.
Sources
- https://www.stocktitan.net/news/BRCC/
- https://stockanalysis.com/stocks/brcc/
- https://www.fool.com/investing/2024/06/10/this-coffee-stock-has-quietly-doubled-in-just-the/
- https://ir.blackriflecoffee.com/news-events/press-releases/detail/38/brc-inc-announces-redemption-of-all-outstanding-warrants
- https://finviz.com/quote.ashx
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