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

Shares of BRC Inc. (NYSE:BRCC) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $6.50.

Several analysts have issued reports on the company. DA Davidson restated a “buy” rating and set a $5.50 price objective on shares of BRC in a report on Wednesday, September 18th. Telsey Advisory Group restated an “outperform” rating and set a $6.00 price target on shares of BRC in a report on Thursday, October 31st. Finally, Roth Mkm reaffirmed a “neutral” rating and issued a $3.50 price objective (down previously from $4.00) on shares of BRC in a research note on Wednesday, November 6th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Comerica Bank grew its holdings in shares of BRC by 316.4% during the 1st quarter. Comerica Bank now owns 6,054 shares of the company’s stock valued at $26,000 after acquiring an additional 4,600 shares in the last quarter. Bank of New York Mellon Corp increased its position in BRC by 42.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 161,053 shares of the company’s stock worth $987,000 after purchasing an additional 47,800 shares during the last quarter. Fortis Group Advisors LLC lifted its holdings in shares of BRC by 25.0% during the 2nd quarter. Fortis Group Advisors LLC now owns 56,925 shares of the company’s stock valued at $349,000 after buying an additional 11,388 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of BRC in the 2nd quarter valued at approximately $28,000. Finally, Rhumbline Advisers increased its holdings in BRC by 39.6% in the second quarter. Rhumbline Advisers now owns 64,577 shares of the company’s stock worth $396,000 after buying an additional 18,310 shares during the last quarter. Institutional investors and hedge funds own 16.29% of the company’s stock.

BRC Stock Down 2.6 %

BRCC stock opened at $3.03 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.14 and a quick ratio of 0.58. The firm has a market cap of $644.61 million, a PE ratio of -37.88 and a beta of 1.14. BRC has a 12 month low of $2.78 and a 12 month high of $7.14. The firm has a 50 day simple moving average of $3.14 and a 200 day simple moving average of $4.31.

BRC (NYSE:BRCC) last released its quarterly earnings data on Monday, November 4th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.01. The business had revenue of $98.20 million during the quarter, compared to analyst estimates of $95.06 million. BRC had a positive return on equity of 23.35% and a negative net margin of 1.22%. During the same period last year, the company posted ($0.05) EPS. Equities research analysts forecast that BRC will post -0.02 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.