Telsey Advisory Group Trims BRC (NYSE:BRCC) Target Price to $6.00

BRC (NYSE:BRCC) had its price objective trimmed by Telsey Advisory Group from $8.00 to $6.00 in a research note issued to investors on Friday morning, Marketbeat reports. The firm currently has an outperform rating on the stock.

A number of other brokerages also recently commented on BRCC. Needham & Company LLC reissued a hold rating on shares of BRC in a research note on Thursday, May 16th. Tigress Financial reissued a buy rating and issued a $11.00 price target on shares of BRC in a research report on Wednesday, May 22nd. Finally, Roth Mkm cut BRC from a buy rating to a neutral rating and decreased their price objective for the stock from $8.00 to $4.00 in a research note on Friday. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $7.00.

BRC Trading Up 1.4 %

Shares of BRC stock traded up $0.05 on Friday, hitting $3.55. 286,348 shares of the company traded hands, compared to its average volume of 882,541. 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 company has a market cap of $753.74 million, a PE ratio of -19.44 and a beta of 1.21. The stock’s 50 day moving average price is $5.80 and its 200-day moving average price is $4.95. BRC has a 52 week low of $2.51 and a 52 week high of $7.14.

BRC (NYSE:BRCC) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). BRC had a positive return on equity of 14.15% and a negative net margin of 2.78%. The firm had revenue of $89.02 million during the quarter, compared to the consensus estimate of $101.54 million. During the same period in the previous year, the company posted ($0.03) earnings per share. Equities research analysts predict that BRC will post 0.03 EPS for the current year.

Institutional Investors Weigh In On BRC

Institutional investors have recently added to or reduced their stakes in the business. Comerica Bank raised its position in shares of BRC by 316.4% in the 1st quarter. Comerica Bank now owns 6,054 shares of the company’s stock valued at $26,000 after purchasing an additional 4,600 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in BRC by 106.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,415 shares of the company’s stock valued at $27,000 after purchasing an additional 3,831 shares in the last quarter. nVerses Capital LLC purchased a new position in shares of BRC in the second quarter worth $28,000. Allworth Financial LP lifted its stake in shares of BRC by 83.6% during the fourth quarter. Allworth Financial LP now owns 9,776 shares of the company’s stock worth $35,000 after buying an additional 4,450 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in shares of BRC during the fourth quarter valued at $37,000. Institutional investors and hedge funds 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.