BRC (NYSE:BRCC) Receives Neutral Rating from Roth Mkm

Roth Mkm reissued their neutral rating on shares of BRC (NYSE:BRCC) in a report issued on Wednesday morning,Benzinga reports. They currently have a $2.50 price objective on the stock, down from their prior price objective of $3.50.

Separately, Telsey Advisory Group restated an “outperform” rating and issued a $6.00 price objective on shares of BRC in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $5.63.

BRC Stock Performance

BRC stock opened at $2.16 on Wednesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.14 and a quick ratio of 0.58. BRC has a 12 month low of $2.01 and a 12 month high of $7.14. The company has a fifty day moving average price of $2.80 and a two-hundred day moving average price of $3.17. The company has a market cap of $458.46 million, a PE ratio of -26.94 and a beta of 1.09.

Institutional Trading of BRC

A number of hedge funds have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD lifted its position in BRC by 24.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 22,233 shares of the company’s stock worth $71,000 after buying an additional 4,364 shares in the last quarter. Jones Financial Companies Lllp increased its stake 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 worth $29,000 after acquiring an additional 4,637 shares during the last quarter. Smith Thornton Advisors LLC raised its holdings in shares of BRC by 41.7% during the fourth quarter. Smith Thornton Advisors LLC now owns 18,521 shares of the company’s stock worth $59,000 after acquiring an additional 5,446 shares in the last quarter. Wolverine Trading LLC boosted its position in BRC by 48.3% during the fourth quarter. Wolverine Trading LLC now owns 18,221 shares of the company’s stock valued at $56,000 after purchasing an additional 5,936 shares during the last quarter. Finally, Intech Investment Management LLC boosted its position in BRC by 39.8% during the fourth quarter. Intech Investment Management LLC now owns 23,018 shares of the company’s stock valued at $73,000 after purchasing an additional 6,549 shares during the last quarter. 16.29% of the stock is owned by hedge funds and other institutional investors.

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.