BRC’s (BRCC) “Neutral” Rating Reaffirmed at Roth Mkm

Roth Mkm reissued their neutral rating on shares of BRC (NYSE:BRCC) in a research report released on Wednesday,Benzinga reports. Roth Mkm currently has a $2.50 price target on the stock, down from their prior price target of $3.50.

Separately, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $6.00 price objective on shares of BRC in a research report on Tuesday. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $5.63.

BRC Price Performance

Shares of NYSE BRCC opened at $2.16 on Wednesday. The company has a market capitalization of $458.46 million, a price-to-earnings ratio of -26.94 and a beta of 1.09. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.14 and a quick ratio of 0.58. BRC has a 1-year low of $2.01 and a 1-year high of $7.14. The business has a 50-day moving average of $2.80 and a 200-day moving average of $3.17.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Wolverine Trading LLC raised its position in shares of BRC by 48.3% in the 4th quarter. Wolverine Trading LLC now owns 18,221 shares of the company’s stock valued at $56,000 after purchasing an additional 5,936 shares in the last quarter. State of Wyoming increased its stake in shares of BRC by 599.7% in the fourth quarter. State of Wyoming now owns 66,680 shares of the company’s stock worth $211,000 after buying an additional 57,150 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in BRC in the fourth quarter valued at $30,000. Point72 Asset Management L.P. bought a new position in BRC during the 4th quarter valued at $872,000. Finally, ProShare Advisors LLC acquired a new position in BRC during the 4th quarter worth $47,000. Hedge funds and other institutional investors own 16.29% of the company’s stock.

About BRC

BRC Inc, through its subsidiaries, purchases, roasts, and sells coffee, coffee accessories, and branded apparel in the United States. The company also produces media content, as well as sells coffee brewing equipment, and outdoor and lifestyle gear. It supports active military, veterans, and first responders.