BRC’s (BRCC) Outperform Rating Reiterated at Telsey Advisory Group

BRC (NYSE:BRCC)‘s stock had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group in a report released on Wednesday,Benzinga reports. They currently have a $2.50 price target on the stock. Telsey Advisory Group’s target price would indicate a potential upside of 136.97% from the stock’s current price.

A number of other equities research analysts have also recently commented on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of BRC in a research report on Wednesday, October 8th. Wall Street Zen upgraded BRC from a “sell” rating to a “hold” rating in a report on Monday, September 29th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, BRC currently has an average rating of “Hold” and an average target price of $2.50.

BRC Trading Up 2.4%

BRCC opened at $1.06 on Wednesday. The company has a current ratio of 1.34, a quick ratio of 0.68 and a debt-to-equity ratio of 0.44. The firm has a market cap of $262.17 million, a price-to-earnings ratio of -7.54 and a beta of 0.91. BRC has a 12 month low of $0.96 and a 12 month high of $3.30. The stock has a fifty day moving average price of $1.20 and a 200-day moving average price of $1.42.

BRC (NYSE:BRCC) last posted its earnings results on Monday, November 3rd. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). The company had revenue of $100.71 million for the quarter, compared to analyst estimates of $101.80 million. BRC had a negative return on equity of 11.48% and a negative net margin of 2.86%. As a group, equities research analysts anticipate that BRC will post -0.02 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Steven Taslitz bought 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The stock was purchased at an average price of $1.28 per share, with a total value of $128,000.00. Following the completion of the acquisition, the director directly owned 451,184 shares of the company’s stock, valued at $577,515.52. This trade represents a 28.48% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 73.80% of the stock is currently owned by insiders.

Institutional Trading of BRC

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its position in BRC by 30.5% during the third quarter. JPMorgan Chase & Co. now owns 38,955 shares of the company’s stock valued at $61,000 after purchasing an additional 9,102 shares during the period. Tudor Investment Corp ET AL lifted its holdings in shares of BRC by 23.7% in the 3rd quarter. Tudor Investment Corp ET AL now owns 346,023 shares of the company’s stock valued at $540,000 after buying an additional 66,211 shares during the period. Alyeska Investment Group L.P. purchased a new stake in shares of BRC in the third quarter worth about $16,206,000. Nantahala Capital Management LLC acquired a new stake in BRC during the third quarter worth about $4,104,000. Finally, Millennium Management LLC raised its position in BRC by 71.5% during the third quarter. Millennium Management LLC now owns 1,900,439 shares of the company’s stock valued at $2,965,000 after acquiring an additional 792,458 shares in the last quarter. Institutional investors and hedge funds own 16.29% of the company’s stock.

BRC Company Profile

Black Rifle Coffee Company, Inc is a veteran-owned specialty coffee roaster and retailer that offers a range of coffee products, merchandise and subscription services. The company sources, roasts and distributes its own blends and single-origin coffees, as well as ready-to-drink beverages and branded apparel. Its product lineup includes whole-bean and ground coffees, cold brew concentrates, K-cup pods and limited-edition small-batch offerings designed to appeal to active lifestyle and patriotic consumers.

Founded in 2014 by U.S.