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

Shares of BRC Inc. (NYSE:BRCC) have been assigned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $8.00.

Several analysts have recently commented on the company. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $8.00 target price on shares of BRC in a research report on Monday, May 6th. Roth Mkm reaffirmed a “buy” rating and issued a $7.00 target price (up previously from $6.00) on shares of BRC in a research report on Friday, May 10th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of BRC in a research report on Thursday, May 16th.

BRC Stock Performance

Shares of NYSE BRCC opened at $5.71 on Friday. The company has a quick ratio of 0.51, a current ratio of 1.07 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of -31.72 and a beta of 1.01. The stock’s fifty day simple moving average is $4.56 and its 200 day simple moving average is $4.16. BRC has a 52-week low of $2.51 and a 52-week high of $5.92.

BRC (NYSE:BRCC) last issued its earnings results on Wednesday, March 6th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.20. The business had revenue of $119.65 million for the quarter, compared to analysts’ expectations of $124.38 million. BRC had a positive return on equity of 14.15% and a negative net margin of 2.78%. As a group, sell-side analysts forecast that BRC will post 0.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BRC

A number of institutional investors have recently made changes to their positions in BRCC. Vanguard Group Inc. increased its stake in BRC by 0.3% during the first quarter. Vanguard Group Inc. now owns 4,162,960 shares of the company’s stock valued at $17,817,000 after acquiring an additional 14,361 shares during the period. QVIDTVM Management LLC boosted its holdings in shares of BRC by 19.9% in the 3rd quarter. QVIDTVM Management LLC now owns 2,477,346 shares of the company’s stock worth $8,894,000 after acquiring an additional 411,231 shares in the last quarter. Wasatch Advisors LP boosted its holdings in shares of BRC by 334.0% in the 1st quarter. Wasatch Advisors LP now owns 1,459,418 shares of the company’s stock worth $6,246,000 after acquiring an additional 1,123,157 shares in the last quarter. Maso Capital Partners Ltd acquired a new position in shares of BRC in the 1st quarter worth approximately $2,140,000. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of BRC by 106,550.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 479,925 shares of the company’s stock worth $1,723,000 after acquiring an additional 479,475 shares in the last quarter. 16.29% of the stock is currently owned by institutional investors.

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.