BRC Inc. (NYSE:BRCC) Receives $7.92 Average Price Target from Brokerages

BRC Inc. (NYSE:BRCC) has been given an average rating of “Moderate Buy” by the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $7.92.

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

BRC Price Performance

BRC stock opened at $4.12 on Tuesday. BRC has a 12 month low of $2.51 and a 12 month high of $5.85. 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 business has a 50 day simple moving average of $4.34 and a 200-day simple moving average of $3.90. The stock has a market capitalization of $873.00 million, a PE ratio of -15.39 and a beta of 0.99.

BRC (NYSE:BRCC) last released its quarterly earnings results on Wednesday, March 6th. The company reported $0.19 EPS for the quarter, topping the consensus estimate 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 business had revenue of $119.65 million during the quarter, compared to analysts’ expectations of $124.38 million. Equities analysts predict that BRC will post -0.01 earnings per share for the current year.

Institutional Trading of BRC

Several large investors have recently bought and sold shares of BRCC. Tower Research Capital LLC TRC grew its holdings in BRC by 106.9% in 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 during the last quarter. Allworth Financial LP grew its holdings in BRC by 83.6% in the fourth quarter. Allworth Financial LP now owns 9,776 shares of the company’s stock valued at $35,000 after purchasing an additional 4,450 shares during the last quarter. SG Americas Securities LLC acquired a new stake in BRC in the fourth quarter valued at $37,000. Alhambra Investment Partners LLC acquired a new stake in BRC in the third quarter valued at $49,000. Finally, Intrinsic Edge Capital Management LLC acquired a new stake in BRC in the fourth quarter valued at $50,000. Institutional investors and hedge funds 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.