Brokerages Set BRC Inc. (NYSE:BRCC) PT at $6.63

Shares of BRC Inc. (NYSE:BRCC) have earned an average rating of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $6.63.

A number of research firms have recently issued reports on BRCC. Roth Capital lowered BRC from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. Telsey Advisory Group dropped their target price on BRC from $8.00 to $6.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Roth Mkm lowered BRC from a “buy” rating to a “neutral” rating and dropped their target price for the company from $8.00 to $4.00 in a report on Friday, August 9th. Finally, DA Davidson reissued a “buy” rating and issued a $5.50 target price on shares of BRC in a report on Wednesday, September 18th.

Insider Buying and Selling

In related news, Director Evan Hafer sold 3,000,000 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $3.20, for a total transaction of $9,600,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link. In other BRC news, Director Thomas E. Davin sold 10,884 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $3.81, for a total transaction of $41,468.04. Following the sale, the director now directly owns 15,851 shares in the company, valued at approximately $60,392.31. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Evan Hafer sold 3,000,000 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $3.20, for a total value of $9,600,000.00. The disclosure for this sale can be found here. Insiders have sold 4,010,884 shares of company stock valued at $12,811,468 over the last quarter. Company insiders own 73.80% of the company’s stock.

Institutional Trading of BRC

Institutional investors have recently bought and sold shares of the company. nVerses Capital LLC purchased a new stake in BRC during the second quarter worth $28,000. Comerica Bank lifted its position in shares of BRC by 316.4% in the first 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. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of BRC in the first quarter valued at $45,000. Intrinsic Edge Capital Management LLC purchased a new stake in shares of BRC in the fourth quarter valued at $50,000. Finally, The Manufacturers Life Insurance Company lifted its position in shares of BRC by 32.9% in the second quarter. The Manufacturers Life Insurance Company now owns 20,464 shares of the company’s stock valued at $125,000 after acquiring an additional 5,064 shares in the last quarter. 16.29% of the stock is currently owned by hedge funds and other institutional investors.

BRC Price Performance

BRCC stock opened at $3.33 on Tuesday. The stock has a market cap of $707.69 million, a price-to-earnings ratio of -18.50 and a beta of 1.15. BRC has a fifty-two week low of $2.51 and a fifty-two week high of $7.14. The business has a 50 day moving average price of $4.04 and a 200 day moving average price of $4.83. 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 released its quarterly earnings results on Wednesday, August 7th. The company reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). The company had revenue of $89.02 million for the quarter, compared to analyst estimates of $101.54 million. BRC had a positive return on equity of 17.53% and a negative net margin of 1.88%. During the same quarter in the previous year, the company posted ($0.03) earnings per share. Equities research analysts anticipate that BRC will post -0.02 earnings per share for the current fiscal year.

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.