BRC Inc. (NYSE:BRCC) Given Consensus Recommendation of “Hold” by Brokerages

BRC Inc. (NYSE:BRCC) has received a consensus rating of “Hold” from the five analysts that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $2.3750.

Several brokerages recently issued reports on BRCC. Telsey Advisory Group reissued an “outperform” rating and issued a $2.50 price objective on shares of BRC in a research note on Wednesday. DA Davidson set a $2.50 price objective on BRC in a report on Wednesday. Weiss Ratings reissued a “sell (e+)” rating on shares of BRC in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised BRC from a “sell” rating to a “hold” rating in a research report on Monday, September 29th.

BRC Stock Performance

Shares of BRCC opened at $0.98 on Friday. BRC has a one year low of $0.93 and a one year high of $3.07. The company has a 50-day moving average of $1.18 and a two-hundred day moving average of $1.41. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.34 and a quick ratio of 0.68. The stock has a market cap of $244.52 million, a price-to-earnings ratio of -7.03 and a beta of 0.91.

BRC (NYSE:BRCC) last posted its quarterly earnings data on Monday, November 3rd. The company reported ($0.01) EPS for the quarter, hitting analysts’ consensus estimates of ($0.01). BRC had a negative net margin of 2.86% and a negative return on equity of 11.48%. The firm had revenue of $100.71 million during the quarter, compared to analyst estimates of $101.80 million. On average, equities research analysts expect that BRC will post -0.02 earnings per share for the current year.

Insider Buying and Selling

In other BRC news, Director Steven Taslitz acquired 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The shares were purchased at an average price of $1.28 per share, with a total value of $128,000.00. Following the completion of the transaction, the director owned 451,184 shares in the company, valued at $577,515.52. The trade was a 28.48% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 69.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of BRCC. Engineers Gate Manager LP acquired a new stake in shares of BRC in the 2nd quarter valued at $27,000. R Squared Ltd acquired a new stake in shares of BRC in the second quarter worth about $28,000. CWM LLC lifted its position in shares of BRC by 63.3% in the third quarter. CWM LLC now owns 18,616 shares of the company’s stock worth $29,000 after buying an additional 7,215 shares during the last quarter. Virtu Financial LLC boosted its stake in shares of BRC by 82.2% during the 3rd quarter. Virtu Financial LLC now owns 21,037 shares of the company’s stock worth $33,000 after acquiring an additional 9,492 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of BRC by 312.6% in the third quarter. BNP Paribas Financial Markets now owns 27,016 shares of the company’s stock valued at $42,000 after purchasing an additional 20,469 shares during the period. Institutional investors and hedge funds own 16.29% of the company’s stock.

BRC Company Profile

Black Rifle Coffee Company, Inc is a veteran-owned specialty coffee roaster and retailer that offers a range of coffee products, merchandise and subscription services. The company sources, roasts and distributes its own blends and single-origin coffees, as well as ready-to-drink beverages and branded apparel. Its product lineup includes whole-bean and ground coffees, cold brew concentrates, K-cup pods and limited-edition small-batch offerings designed to appeal to active lifestyle and patriotic consumers.

Founded in 2014 by U.S.