BRC (NYSE:BRCC) Receives Buy Rating from DA Davidson

DA Davidson reiterated their buy rating on shares of BRC (NYSE:BRCC) in a research report sent to investors on Wednesday morning,Benzinga reports. The firm currently has a $3.00 price target on the stock.

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

BRC Stock Up 2.6 %

Shares of NYSE:BRCC opened at $2.16 on Wednesday. The company has a 50 day moving average of $2.58 and a 200-day moving average of $3.01. BRC has a one year low of $1.93 and a one year high of $7.14. The stock has a market cap of $459.11 million, a price-to-earnings ratio of -26.94 and a beta of 1.09. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.14 and a quick ratio of 0.58.

Institutional Investors Weigh In On BRC

Large investors have recently modified their holdings of the business. Engaged Capital LLC lifted its holdings in shares of BRC by 5.3% during the 3rd quarter. Engaged Capital LLC now owns 13,535,560 shares of the company’s stock valued at $46,292,000 after purchasing an additional 684,542 shares in the last quarter. QVIDTVM Management LLC raised its holdings in BRC by 24.2% during the 3rd quarter. QVIDTVM Management LLC now owns 3,219,929 shares of the company’s stock worth $11,012,000 after buying an additional 627,653 shares during the period. Cresset Asset Management LLC lifted its stake in BRC by 4.1% in the fourth quarter. Cresset Asset Management LLC now owns 3,121,815 shares of the company’s stock valued at $9,896,000 after buying an additional 121,815 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of BRC by 1,018.3% in the fourth quarter. Millennium Management LLC now owns 1,798,148 shares of the company’s stock valued at $5,700,000 after buying an additional 1,637,357 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of BRC by 4.0% during the fourth quarter. Geode Capital Management LLC now owns 1,116,595 shares of the company’s stock worth $3,540,000 after acquiring an additional 42,957 shares in the last quarter. 16.29% of the stock is currently owned by 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.