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

Shares of BRC Inc. (NYSE:BRCC) have received a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $8.00.

Several equities research analysts have commented on BRCC shares. Needham & Company LLC reiterated a “hold” rating on shares of BRC in a research note on Thursday, May 16th. Telsey Advisory Group reissued an “outperform” rating and set a $8.00 target price on shares of BRC in a research report on Monday, May 6th. Finally, Roth Mkm reissued a “buy” rating and set a $7.00 target price (up from $6.00) on shares of BRC in a research report on Friday, May 10th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BRCC. Raymond James & Associates boosted its holdings in BRC by 27.3% in the 3rd quarter. Raymond James & Associates now owns 21,921 shares of the company’s stock worth $79,000 after buying an additional 4,697 shares during the period. Fox Run Management L.L.C. bought a new position in BRC in the 3rd quarter worth approximately $89,000. Anchor Capital Advisors LLC boosted its holdings in BRC by 68.4% in the 3rd quarter. Anchor Capital Advisors LLC now owns 376,148 shares of the company’s stock worth $1,350,000 after buying an additional 152,793 shares during the period. PNC Financial Services Group Inc. boosted its holdings in BRC by 106,550.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 479,925 shares of the company’s stock worth $1,723,000 after buying an additional 479,475 shares during the period. Finally, QVIDTVM Management LLC boosted its holdings in BRC by 19.9% in the 3rd quarter. QVIDTVM Management LLC now owns 2,477,346 shares of the company’s stock valued at $8,894,000 after purchasing an additional 411,231 shares during the period. 16.29% of the stock is owned by institutional investors.

BRC Trading Up 2.9 %

BRCC opened at $5.71 on Friday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.07 and a quick ratio of 0.51. BRC has a fifty-two week low of $2.51 and a fifty-two week high of $5.92. The firm has a market capitalization of $1.21 billion, a PE ratio of -31.72 and a beta of 1.01. The company’s 50-day moving average is $4.56 and its 200 day moving average is $4.16.

BRC (NYSE:BRCC) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.20. The firm had revenue of $119.65 million during the quarter, compared to analyst estimates of $124.38 million. BRC had a negative net margin of 2.78% and a positive return on equity of 14.15%. As a group, research analysts predict that BRC will post 0.03 earnings per share for the current fiscal year.

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.