BRC Inc. (NYSE:BRCC) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of BRC Inc. (NYSE:BRCC) have received a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $6.50.

Several analysts recently weighed in on the stock. DA Davidson reiterated a “buy” rating and issued a $5.50 target price on shares of BRC in a report on Wednesday, September 18th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $6.00 target price on shares of BRC in a research report on Thursday, October 31st. Finally, Roth Mkm restated a “neutral” rating and issued a $3.50 price objective (down previously from $4.00) on shares of BRC in a research note on Wednesday, November 6th.

BRC Price Performance

Shares of NYSE BRCC opened at $2.93 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.14 and a quick ratio of 0.58. The firm’s 50 day simple moving average is $3.10 and its 200-day simple moving average is $4.21. BRC has a 12 month low of $2.78 and a 12 month high of $7.14. The stock has a market capitalization of $623.34 million, a price-to-earnings ratio of -36.63 and a beta of 1.14.

BRC (NYSE:BRCC) last released its earnings results on Monday, November 4th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $98.20 million during the quarter, compared to analysts’ expectations of $95.06 million. BRC had a negative net margin of 1.22% and a positive return on equity of 23.35%. During the same quarter in the previous year, the company earned ($0.05) earnings per share. Analysts expect that BRC will post -0.02 EPS for the current year.

Hedge Funds Weigh In On BRC

Several institutional investors have recently added to or reduced their stakes in BRCC. Engaged Capital LLC lifted 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 purchasing an additional 684,542 shares during the period. Blair William & Co. IL boosted its stake in shares of BRC by 370.2% in the second quarter. Blair William & Co. IL now owns 802,710 shares of the company’s stock valued at $4,921,000 after buying an additional 632,000 shares in the last quarter. QVIDTVM Management LLC lifted its holdings in BRC by 24.2% in the third quarter. QVIDTVM Management LLC now owns 3,219,929 shares of the company’s stock valued at $11,012,000 after acquiring an additional 627,653 shares during the period. Verition Fund Management LLC boosted its position in shares of BRC by 4,294.3% during the 3rd quarter. Verition Fund Management LLC now owns 497,211 shares of the company’s stock worth $1,700,000 after purchasing an additional 485,896 shares in the last quarter. Finally, Marshall Wace LLP grew its stake in shares of BRC by 76.4% during the 2nd quarter. Marshall Wace LLP now owns 812,373 shares of the company’s stock worth $4,980,000 after purchasing an additional 351,757 shares during the period. Institutional investors and hedge funds own 16.29% of the company’s stock.

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.