BRC (NYSE:BRCC) Given New $3.00 Price Target at DA Davidson

BRC (NYSE:BRCC) had its price objective decreased by DA Davidson from $5.00 to $3.00 in a report issued on Wednesday morning,Benzinga reports. DA Davidson currently has a buy rating on the stock.

Other research analysts have also recently issued reports about the stock. 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. Telsey Advisory Group reiterated an “outperform” rating and issued a $6.00 target price on shares of BRC in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, BRC has a consensus rating of “Moderate Buy” and a consensus target price of $5.63.

BRC Price Performance

Shares of BRC stock opened at $2.16 on Wednesday. The firm has a market capitalization of $458.46 million, a PE ratio of -26.94 and a beta of 1.09. The company has a current ratio of 1.14, a quick ratio of 0.58 and a debt-to-equity ratio of 0.92. BRC has a 12 month low of $2.01 and a 12 month high of $7.14. The business’s 50-day moving average price is $2.80 and its 200-day moving average price is $3.17.

Institutional Trading of BRC

Institutional investors have recently made changes to their positions in the stock. Engaged Capital LLC raised its holdings in BRC by 5.3% during the 3rd quarter. Engaged Capital LLC now owns 13,535,560 shares of the company’s stock valued at $46,292,000 after buying an additional 684,542 shares during the last quarter. QVIDTVM Management LLC raised its stake in shares of BRC by 24.2% during the third quarter. QVIDTVM Management LLC now owns 3,219,929 shares of the company’s stock valued at $11,012,000 after acquiring an additional 627,653 shares during the last quarter. Cresset Asset Management LLC grew its stake in shares of BRC by 4.1% in the fourth quarter. Cresset Asset Management LLC now owns 3,121,815 shares of the company’s stock worth $9,896,000 after purchasing an additional 121,815 shares during the last quarter. Millennium Management LLC increased its holdings in BRC by 1,018.3% during the 4th quarter. Millennium Management LLC now owns 1,798,148 shares of the company’s stock valued at $5,700,000 after purchasing an additional 1,637,357 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of BRC by 4.0% during the fourth quarter. Geode Capital Management LLC now owns 1,116,595 shares of the company’s stock valued at $3,540,000 after acquiring an additional 42,957 shares in the last quarter. 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.