BRC’s (BRCC) Buy Rating Reiterated at Tigress Financial

Tigress Financial reissued their buy rating on shares of BRC (NYSE:BRCC) in a research report released on Wednesday, Benzinga reports. The brokerage currently has a $11.00 price objective on the stock.

Several other analysts also recently weighed in on the company. Telsey Advisory Group restated an outperform rating and set a $8.00 target price on shares of BRC in a research note on Monday, May 6th. Needham & Company LLC restated a hold rating on shares of BRC in a research note on Thursday, May 16th. Finally, Roth Mkm reiterated a buy rating and set a $7.00 target price (up from $6.00) on shares of BRC in a research note on Friday, May 10th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, BRC has a consensus rating of Moderate Buy and an average target price of $8.00.

BRC Stock Up 0.5 %

Shares of BRC stock opened at $5.71 on Wednesday. BRC has a 12-month low of $2.51 and a 12-month high of $5.92. 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 50 day moving average price of $4.60 and a two-hundred day moving average price of $4.19. The stock has a market capitalization of $1.21 billion, a P/E ratio of -31.72 and a beta of 1.01.

BRC (NYSE:BRCC) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.20. The business had revenue of $119.65 million during the quarter, compared to the consensus estimate of $124.38 million. BRC had a negative net margin of 2.78% and a positive return on equity of 14.15%. Equities analysts expect that BRC will post 0.03 earnings per share for the current year.

Institutional Investors Weigh In On BRC

Several institutional investors and hedge funds have recently bought and sold shares of BRCC. Vanguard Group Inc. increased its stake in BRC by 0.3% in 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 raised 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 buying an additional 411,231 shares in the last quarter. Wasatch Advisors LP lifted its position in shares of BRC by 334.0% during the 1st quarter. Wasatch Advisors LP now owns 1,459,418 shares of the company’s stock worth $6,246,000 after buying an additional 1,123,157 shares during the period. Maso Capital Partners Ltd acquired a new stake in BRC in the 1st quarter valued at $2,140,000. Finally, PNC Financial Services Group Inc. grew its position in BRC by 106,550.0% in the third quarter. PNC Financial Services Group Inc. now owns 479,925 shares of the company’s stock valued at $1,723,000 after acquiring an additional 479,475 shares during the period. Institutional investors 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.