BRC (NYSE:BRCC) Shares Gap Up to $5.63

BRC Inc. (NYSE:BRCC) gapped up before the market opened on Monday . The stock had previously closed at $5.63, but opened at $5.80. BRC shares last traded at $5.71, with a volume of 113,446 shares traded.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BRCC. Tigress Financial reiterated a “buy” rating and issued a $11.00 target price on shares of BRC in a research note on Wednesday, May 22nd. Roth Mkm reissued a “buy” rating and set a $7.00 price objective (up from $6.00) on shares of BRC in a report on Friday, May 10th. Telsey Advisory Group reissued an “outperform” rating and issued a $8.00 target price on shares of BRC in a research report on Wednesday, July 10th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of BRC in a research report on Thursday, May 16th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, BRC currently has a consensus rating of “Moderate Buy” and a consensus target price of $8.00.

BRC Stock Down 2.0 %

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 company’s fifty day moving average is $5.95 and its 200 day moving average is $4.88.

BRC (NYSE:BRCC) last posted its earnings results on Wednesday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.04. The firm had revenue of $98.39 million for the quarter, compared to the consensus estimate of $97.78 million. BRC had a positive return on equity of 14.15% and a negative net margin of 2.78%. On average, equities analysts expect that BRC Inc. will post 0.03 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of BRC by 0.3% in the first quarter. Vanguard Group Inc. now owns 4,162,960 shares of the company’s stock worth $17,817,000 after buying an additional 14,361 shares in the last quarter. Wasatch Advisors LP increased its holdings in 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 acquiring an additional 1,123,157 shares during the period. Maso Capital Partners Ltd purchased a new stake in BRC in the 1st quarter worth approximately $2,140,000. Hollencrest Capital Management lifted its stake in BRC by 40.8% in the 1st quarter. Hollencrest Capital Management now owns 262,820 shares of the company’s stock worth $1,125,000 after purchasing an additional 76,120 shares in the last quarter. Finally, Blair William & Co. IL bought a new position in BRC in the 1st quarter valued at $731,000. Hedge funds and other institutional investors own 16.29% of the company’s stock.

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.