BRC Inc. (NYSE:BRCC) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of BRC Inc. (NYSE:BRCC) have earned an average rating of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $8.00.

BRCC has been the topic of several analyst reports. Needham & Company LLC restated a “hold” rating on shares of BRC in a report on Thursday, May 16th. Telsey Advisory Group reissued an “outperform” rating and issued a $8.00 price target on shares of BRC in a research report on Wednesday, July 10th. Roth Mkm reaffirmed a “buy” rating and set a $7.00 target price (up previously from $6.00) on shares of BRC in a report on Friday, May 10th. Finally, Tigress Financial reissued a “buy” rating and issued a $11.00 price target on shares of BRC in a research note on Wednesday, May 22nd.

BRC Stock Performance

NYSE BRCC opened at $5.08 on Thursday. BRC has a 1 year low of $2.51 and a 1 year high of $7.14. The company has a current ratio of 1.07, a quick ratio of 0.51 and a debt-to-equity ratio of 1.02. The firm’s 50 day simple moving average is $5.94 and its 200 day simple moving average is $4.94.

BRC (NYSE:BRCC) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.04. BRC had a negative net margin of 2.78% and a positive return on equity of 14.15%. The firm had revenue of $98.39 million during the quarter, compared to the consensus estimate of $97.78 million. On average, equities analysts expect that BRC will post 0.03 earnings per share for the current fiscal year.

Institutional Trading of BRC

Several hedge funds have recently modified their holdings of the company. Blair William & Co. IL acquired a new stake in shares of BRC during the 1st quarter worth approximately $731,000. Wasatch Advisors LP purchased a new position in shares of BRC during the 4th quarter worth $1,221,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of BRC during the 1st quarter worth about $45,000. Allworth Financial LP increased its position in shares of BRC by 83.6% during the 4th quarter. Allworth Financial LP now owns 9,776 shares of the company’s stock worth $35,000 after purchasing an additional 4,450 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of BRC during the 4th quarter worth about $72,000. 16.29% of the stock is owned by hedge funds and other institutional investors.

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.