BRC Inc. (NYSE:BRCC) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of BRC Inc. (NYSE:BRCC) have earned an average recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $4.60.

A number of research firms have issued reports on BRCC. Roth Mkm reiterated a “neutral” rating and issued a $2.50 target price (down previously from $3.50) on shares of BRC in a research report on Wednesday, March 5th. DA Davidson reduced their price target on shares of BRC from $5.00 to $3.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Telsey Advisory Group set a $4.00 price objective on shares of BRC in a research report on Wednesday, March 5th. Finally, Roth Capital set a $2.50 target price on shares of BRC in a research report on Wednesday, March 5th.

Institutional Trading of BRC

Large investors have recently made changes to their positions in the company. Millennium Management LLC raised its stake in BRC by 1,018.3% during the 4th quarter. Millennium Management LLC now owns 1,798,148 shares of the company’s stock worth $5,700,000 after buying an additional 1,637,357 shares during the period. Engaged Capital LLC increased its holdings in shares of BRC by 5.3% during the third quarter. Engaged Capital LLC now owns 13,535,560 shares of the company’s stock valued at $46,292,000 after acquiring an additional 684,542 shares in the last quarter. QVIDTVM Management LLC increased its holdings in shares of BRC by 24.2% during the third quarter. QVIDTVM Management LLC now owns 3,219,929 shares of the company’s stock valued at $11,012,000 after acquiring an additional 627,653 shares in the last quarter. Verition Fund Management LLC raised its position in shares of BRC by 4,294.3% during the third quarter. Verition Fund Management LLC now owns 497,211 shares of the company’s stock worth $1,700,000 after purchasing an additional 485,896 shares during the period. Finally, D. E. Shaw & Co. Inc. lifted its holdings in shares of BRC by 697.0% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 445,764 shares of the company’s stock worth $1,413,000 after purchasing an additional 389,833 shares in the last quarter. 16.29% of the stock is currently owned by institutional investors and hedge funds.

BRC Trading Down 4.9 %

Shares of BRCC opened at $2.04 on Tuesday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.58 and a current ratio of 1.14. BRC has a 52-week low of $2.00 and a 52-week high of $7.14. The firm has a market cap of $433.54 million, a price-to-earnings ratio of -25.44 and a beta of 1.09. The business’s fifty day moving average is $2.75 and its 200-day moving average is $3.13.

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.