BRC (NYSE:BRCC) Given Buy Rating at DA Davidson

BRC (NYSE:BRCC)‘s stock had its “buy” rating restated by research analysts at DA Davidson in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $3.00 target price on the stock. DA Davidson’s target price points to a potential upside of 41.84% from the company’s previous close.

Several other equities analysts have also recently issued reports on the stock. Telsey Advisory Group set a $4.00 price target on shares of BRC in a research report on Wednesday, March 5th. Roth Mkm reiterated a “neutral” rating and set a $2.50 price target (down previously from $3.50) on shares of BRC in a research report on Wednesday, March 5th. Finally, Roth Capital set a $2.50 price objective on shares of BRC in a report on Wednesday, March 5th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $4.60.

BRC Trading Up 0.7 %

Shares of BRCC stock traded up $0.02 during mid-day trading on Wednesday, reaching $2.12. The stock had a trading volume of 55,563 shares, compared to its average volume of 861,263. The stock’s 50-day moving average price is $2.60 and its two-hundred day moving average price is $3.02. BRC has a 52-week low of $1.93 and a 52-week high of $7.14. The firm has a market capitalization of $450.59 million, a PE ratio of -26.44 and a beta of 1.09. The company has a current ratio of 1.14, a quick ratio of 0.58 and a debt-to-equity ratio of 0.92.

Institutional Trading of BRC

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp increased its holdings in BRC by 106.0% during the fourth quarter. Jones Financial Companies Lllp now owns 9,011 shares of the company’s stock valued at $29,000 after buying an additional 4,637 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of BRC in the fourth quarter worth $30,000. ProShare Advisors LLC purchased a new stake in shares of BRC in the fourth quarter worth $47,000. Ameriprise Financial Inc. purchased a new stake in shares of BRC in the fourth quarter worth $47,000. Finally, Lake Street Advisors Group LLC purchased a new position in BRC during the fourth quarter valued at $48,000. 16.29% of the stock is owned by hedge funds and other institutional investors.

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.