BRC (NYSE:BRCC) Price Target Raised to $25.00 at DA Davidson

BRC (NYSE:BRCC) had its target price hoisted by research analysts at DA Davidson from $2.50 to $25.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. DA Davidson’s target price suggests a potential upside of 193.43% from the company’s current price.

A number of other research analysts have also commented on the stock. Wall Street Zen raised shares of BRC from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. Craig Hallum initiated coverage on BRC in a research report on Monday, August 3rd. They set a “buy” rating and a $17.50 target price on the stock. Finally, Weiss Ratings lowered BRC from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, August 4th. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $22.50.

BRC Price Performance

Shares of BRC stock opened at $8.52 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.42 and a quick ratio of 0.80. The company has a market cap of $213.26 million, a PE ratio of -28.40 and a beta of 1.25. The firm has a fifty day moving average price of $10.56 and a two-hundred day moving average price of $10.60. BRC has a fifty-two week low of $6.00 and a fifty-two week high of $18.55.

Insiders Place Their Bets

In related news, Director Stephen M. Kadenacy sold 10,500 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $8.20, for a total value of $86,100.00. Following the completion of the transaction, the director owned 23,495 shares of the company’s stock, valued at $192,659. This represents a 30.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 54.87% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BRC

Several large investors have recently modified their holdings of BRCC. Zazove Associates LLC lifted its holdings in shares of BRC by 270.7% during the first quarter. Zazove Associates LLC now owns 2,000,000 shares of the company’s stock valued at $1,552,000 after acquiring an additional 1,460,546 shares during the period. Prescott Group Capital Management L.L.C. acquired a new stake in shares of BRC during the 4th quarter worth about $325,000. Kestra Private Wealth Services LLC bought a new position in BRC during the 4th quarter valued at about $26,000. Renaissance Technologies LLC bought a new position in BRC during the 1st quarter valued at about $232,000. Finally, Invesco Ltd. boosted its position in BRC by 96.1% in the fourth quarter. Invesco Ltd. now owns 30,140 shares of the company’s stock valued at $33,000 after buying an additional 14,769 shares in the last quarter. 16.29% of the stock is currently owned by institutional investors.

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.