BRC Inc. (NYSE:BRCC) Receives Consensus Recommendation of “Moderate Buy” from Analysts

BRC Inc. (NYSE:BRCC) has earned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $4.60.

A number of equities analysts recently weighed in on the company. Telsey Advisory Group set a $4.00 price objective on BRC in a report on Wednesday, March 5th. Roth Mkm reissued a “neutral” rating and set a $2.50 price target (down from $3.50) on shares of BRC in a research note on Wednesday, March 5th. Roth Capital set a $2.50 price objective on shares of BRC in a report on Wednesday, March 5th. Finally, DA Davidson reaffirmed a “buy” rating and set a $3.00 target price on shares of BRC in a report on Wednesday, March 19th.

Institutional Investors Weigh In On BRC

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its position in shares of BRC by 106.0% in the fourth quarter. Jones Financial Companies Lllp now owns 9,011 shares of the company’s stock valued at $29,000 after acquiring an additional 4,637 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of BRC in the fourth quarter worth about $30,000. Ameriprise Financial Inc. purchased a new position in BRC during the 4th quarter valued at about $47,000. ProShare Advisors LLC bought a new position in BRC during the 4th quarter valued at approximately $47,000. Finally, Lake Street Advisors Group LLC bought a new position in BRC during the 4th quarter valued at approximately $48,000. 16.29% of the stock is currently owned by institutional investors.

BRC Stock Down 0.7 %

BRCC opened at $2.01 on Friday. The business’s fifty day simple moving average is $2.37 and its 200 day simple moving average is $2.88. BRC has a 52 week low of $1.89 and a 52 week high of $7.14. The company has a quick ratio of 0.58, a current ratio of 1.14 and a debt-to-equity ratio of 0.92. The stock has a market cap of $427.15 million, a PE ratio of -25.06 and a beta of 1.09.

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.