BRC Inc. (NYSE:BRCC) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of BRC Inc. (NYSE:BRCC) have been given an average recommendation of “Moderate Buy” by the six analysts that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $7.92.

Separately, Telsey Advisory Group reiterated an “outperform” rating and issued a $8.00 price objective on shares of BRC in a research report on Monday, March 4th.

Institutional Investors Weigh In On BRC

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Wesbanco Bank Inc. purchased a new stake in BRC during the first quarter valued at about $659,000. Wasatch Advisors LP raised its position in BRC by 334.0% during the first quarter. Wasatch Advisors LP now owns 1,459,418 shares of the company’s stock valued at $6,246,000 after purchasing an additional 1,123,157 shares in the last quarter. Virtu Financial LLC purchased a new stake in BRC during the fourth quarter valued at about $169,000. Intrinsic Edge Capital Management LLC purchased a new stake in BRC during the fourth quarter valued at about $50,000. Finally, Tower Research Capital LLC TRC raised its position in BRC by 106.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,415 shares of the company’s stock valued at $27,000 after purchasing an additional 3,831 shares in the last quarter. Hedge funds and other institutional investors own 16.29% of the company’s stock.

BRC Price Performance

BRC stock opened at $4.11 on Tuesday. BRC has a one year low of $2.51 and a one year high of $5.85. The business has a fifty day moving average price of $4.34 and a 200-day moving average price of $3.91. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.28 and a quick ratio of 0.61. The firm has a market capitalization of $871.94 million, a P/E ratio of -15.22 and a beta of 0.99.

BRC (NYSE:BRCC) last posted its quarterly earnings results on Wednesday, March 6th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.20. BRC had a positive return on equity of 4.11% and a negative net margin of 4.23%. The firm had revenue of $119.65 million during the quarter, compared to analyst estimates of $124.38 million. As a group, equities research analysts forecast that BRC will post -0.01 EPS for the current 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.