Brilliant Earth Group, Inc. (NASDAQ:BRLT – Get Rating) – Analysts at Telsey Advisory Group issued their Q1 2023 earnings per share (EPS) estimates for shares of Brilliant Earth Group in a research note issued to investors on Thursday, March 9th. Telsey Advisory Group analyst D. Telsey expects that the company will post earnings per share of $0.03 for the quarter. Telsey Advisory Group has a "Outperform" rating and a $8.00 price target on the stock. The consensus estimate for Brilliant Earth Group's current full-year earnings is $0.14 per share. Telsey Advisory Group also issued estimates for Brilliant Earth Group's Q2 2023 earnings at $0.06 EPS, Q3 2023 earnings at $0.08 EPS and Q4 2023 earnings at $0.06 EPS.
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Several other brokerages have also recently issued reports on BRLT. Piper Sandler decreased their price objective on Brilliant Earth Group from $8.00 to $7.50 and set a "neutral" rating for the company in a research note on Thursday, January 5th. KeyCorp decreased their price objective on Brilliant Earth Group from $10.00 to $8.00 and set an "overweight" rating for the company in a research note on Monday, January 30th. Finally, JPMorgan Chase & Co. cut Brilliant Earth Group from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $10.00 to $6.00 in a research note on Tuesday, January 3rd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Brilliant Earth Group presently has an average rating of "Moderate Buy" and an average price target of $8.56.
Brilliant Earth Group Stock Performance
Shares of Brilliant Earth Group stock opened at $4.35 on Friday. The business has a 50-day moving average of $4.91 and a 200 day moving average of $5.77. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.62 and a quick ratio of 2.10. The stock has a market capitalization of $415.43 million, a price-to-earnings ratio of 21.75 and a beta of 1.83. Brilliant Earth Group has a 12 month low of $3.60 and a 12 month high of $11.21.
Institutional Investors Weigh In On Brilliant Earth Group
Several hedge funds and other institutional investors have recently made changes to their positions in BRLT. UBS Group AG raised its position in shares of Brilliant Earth Group by 6,047.0% during the 4th quarter. UBS Group AG now owns 6,147 shares of the company's stock worth $26,000 after acquiring an additional 6,047 shares in the last quarter. Acadian Asset Management LLC acquired a new position in Brilliant Earth Group during the first quarter worth approximately $38,000. Orion Capital Management LLC increased its position in Brilliant Earth Group by 200.0% during the fourth quarter. Orion Capital Management LLC now owns 9,000 shares of the company's stock worth $39,000 after buying an additional 6,000 shares during the period. Boothbay Fund Management LLC acquired a new position in Brilliant Earth Group during the fourth quarter worth approximately $43,000. Finally, Occudo Quantitative Strategies LP acquired a new position in Brilliant Earth Group during the second quarter worth approximately $58,000. Institutional investors and hedge funds own 6.76% of the company's stock.
Brilliant Earth Group Company Profile
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Brilliant Earth Group, Inc engages in the design, procurement, and retail sale of diamonds, gemstones, and jewelry in the United States and internationally. Its product assortment and merchandise include a collection of diamond engagement rings, wedding and anniversary rings, gemstone rings, and fine jewelry.
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