Analysts Set BRC Inc. (NYSE:BRCC) Target Price at $6.50

BRC Inc. (NYSE:BRCC) has received an average rating of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $4.60.

A number of equities research analysts have weighed in on BRCC shares. DA Davidson cut their target price on BRC from $5.00 to $3.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Telsey Advisory Group set a $4.00 price target on shares of BRC in a report on Wednesday, March 5th. Roth Mkm reaffirmed a “neutral” rating and issued a $2.50 price target (down from $3.50) on shares of BRC in a research report on Wednesday, March 5th. Finally, Roth Capital set a $2.50 price target on BRC in a research note on Wednesday, March 5th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Engaged Capital LLC boosted its holdings in shares of BRC by 5.3% during the third quarter. Engaged Capital LLC now owns 13,535,560 shares of the company’s stock worth $46,292,000 after acquiring an additional 684,542 shares during the period. QVIDTVM Management LLC increased its position in shares of BRC by 24.2% in the third quarter. QVIDTVM Management LLC now owns 3,219,929 shares of the company’s stock worth $11,012,000 after purchasing an additional 627,653 shares during the period. Verition Fund Management LLC raised its stake in BRC by 4,294.3% in the third quarter. Verition Fund Management LLC now owns 497,211 shares of the company’s stock valued at $1,700,000 after purchasing an additional 485,896 shares in the last quarter. Barclays PLC lifted its position in BRC by 325.9% during the third quarter. Barclays PLC now owns 74,967 shares of the company’s stock worth $257,000 after purchasing an additional 57,366 shares during the period. Finally, State Street Corp grew its stake in BRC by 3.2% during the third quarter. State Street Corp now owns 955,717 shares of the company’s stock worth $3,269,000 after buying an additional 29,596 shares in the last quarter. Institutional investors and hedge funds own 16.29% of the company’s stock.

BRC Trading Down 4.9 %

NYSE BRCC opened at $2.04 on Tuesday. BRC has a 52 week low of $2.00 and a 52 week high of $7.14. The company has a current ratio of 1.14, a quick ratio of 0.58 and a debt-to-equity ratio of 0.92. The stock has a market cap of $433.54 million, a P/E ratio of -25.44 and a beta of 1.09. The company’s fifty day simple moving average is $2.75 and its 200-day simple moving average is $3.13.

BRC Company Profile

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.