BRC (NYSE:BRCC) Stock Price Up 7.7%

BRC Inc. (NYSE:BRCC)’s share price traded up 7.7% on Wednesday . The stock traded as high as $4.33 and last traded at $4.33. 535,437 shares traded hands during trading, a decline of 41% from the average session volume of 905,192 shares. The stock had previously closed at $4.02.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Roth Capital cut BRC from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. Telsey Advisory Group reduced their target price on shares of BRC from $8.00 to $6.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. Roth Mkm cut BRC from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $8.00 to $4.00 in a report on Friday, August 9th. Needham & Company LLC reissued a “hold” rating on shares of BRC in a report on Thursday, May 16th. Finally, Tigress Financial reaffirmed a “buy” rating and set a $11.00 price objective on shares of BRC in a research note on Wednesday, May 22nd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, BRC has an average rating of “Hold” and a consensus target price of $7.00.

BRC Trading Up 5.5 %

The business’s fifty day moving average is $5.50 and its 200 day moving average is $4.95. The firm has a market capitalization of $900.22 million, a price-to-earnings ratio of -23.72 and a beta of 1.21. The company has a quick ratio of 0.59, a current ratio of 1.07 and a debt-to-equity ratio of 1.01.

BRC (NYSE:BRCC) last posted its quarterly earnings data on Wednesday, August 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01). The company had revenue of $89.02 million for the quarter, compared to the consensus estimate of $101.54 million. BRC had a negative net margin of 1.88% and a positive return on equity of 17.53%. During the same period last year, the company earned ($0.03) earnings per share. Equities analysts predict that BRC Inc. will post -0.02 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BRCC. Comerica Bank raised its holdings in BRC by 316.4% in the 1st quarter. Comerica Bank now owns 6,054 shares of the company’s stock valued at $26,000 after acquiring an additional 4,600 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in BRC by 106.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,415 shares of the company’s stock valued at $27,000 after acquiring an additional 3,831 shares in the last quarter. nVerses Capital LLC acquired a new position in BRC in the 2nd quarter valued at $28,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in BRC in the 1st quarter valued at $45,000. Finally, Intrinsic Edge Capital Management LLC acquired a new position in BRC in the 4th quarter valued at $50,000. 16.29% of the stock is currently owned by institutional investors.

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.