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

Shares of BRC Inc. (NYSE:BRCC) have been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $8.00.

A number of equities research analysts have issued reports on BRCC shares. Needham & Company LLC reissued a “hold” rating on shares of BRC in a report on Thursday, May 16th. Tigress Financial reissued a “buy” rating and issued a $11.00 target price on shares of BRC in a research note on Wednesday, May 22nd. Roth Mkm restated a “buy” rating and set a $7.00 price target (up previously from $6.00) on shares of BRC in a report on Friday, May 10th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $8.00 price objective on shares of BRC in a report on Wednesday.

BRC Trading Up 1.9 %

Shares of BRCC stock opened at $5.50 on Friday. The business has a 50-day moving average of $5.79 and a 200 day moving average of $4.72. 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 1-year low of $2.51 and a 1-year high of $7.14. The stock has a market capitalization of $1.17 billion, a PE ratio of -30.55 and a beta of 1.22.

BRC (NYSE:BRCC) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.04. BRC had a positive return on equity of 14.15% and a negative net margin of 2.78%. The firm had revenue of $98.39 million during the quarter, compared to the consensus estimate of $97.78 million. As a group, sell-side analysts anticipate that BRC will post 0.03 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in BRCC. Comerica Bank lifted its stake 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 period. Tower Research Capital LLC TRC lifted its position in BRC by 106.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,415 shares of the company’s stock valued at $27,000 after buying an additional 3,831 shares during the period. Allworth Financial LP lifted its position in BRC by 83.6% during the fourth quarter. Allworth Financial LP now owns 9,776 shares of the company’s stock valued at $35,000 after buying an additional 4,450 shares during the period. SG Americas Securities LLC bought a new stake in shares of BRC during the 4th quarter valued at $37,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of BRC in the 1st quarter worth about $45,000. Hedge funds and other institutional investors 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.