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

DA Davidson restated their buy rating on shares of BRC (NYSE:BRCC) in a report issued on Wednesday morning,Benzinga reports. They currently have a $3.00 target price on the stock.

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

BRC Price Performance

NYSE:BRCC opened at $2.16 on Wednesday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.58 and a current ratio of 1.14. The company has a 50-day moving average of $2.58 and a 200-day moving average of $3.01. BRC has a 52 week low of $1.93 and a 52 week high of $7.14. The company has a market capitalization of $459.11 million, a price-to-earnings ratio of -26.94 and a beta of 1.09.

Institutional Trading of BRC

Large investors have recently made changes to their positions in the business. Jones Financial Companies Lllp raised its holdings in shares of BRC by 106.0% in the fourth quarter. Jones Financial Companies Lllp now owns 9,011 shares of the company’s stock valued at $29,000 after buying an additional 4,637 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of BRC during the fourth quarter valued at approximately $30,000. Ameriprise Financial Inc. acquired a new stake in shares of BRC in the fourth quarter valued at approximately $47,000. ProShare Advisors LLC bought a new position in BRC in the 4th quarter worth approximately $47,000. Finally, Lake Street Advisors Group LLC acquired a new position in BRC during the 4th quarter worth $48,000. 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.