Brokerages Set BRC Inc. (NYSE:BRCC) Price Target at $7.92

BRC Inc. (NYSE:BRCCGet Free Report) has earned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $7.92.

Separately, Telsey Advisory Group reissued an “outperform” rating and set a $8.00 price objective on shares of BRC in a report on Monday, March 4th.

Read Our Latest Report on BRCC

BRC Stock Up 0.7 %

BRCC stock opened at $4.28 on Friday. The company has a market cap of $908.00 million, a P/E ratio of -15.85 and a beta of 0.99. BRC has a 52 week low of $2.51 and a 52 week high of $5.85. The company’s 50-day moving average price is $4.22 and its 200 day moving average price is $3.80. The company has a current ratio of 1.28, a quick ratio of 0.61 and a debt-to-equity ratio of 1.48.

BRC (NYSE:BRCCGet Free Report) last released its quarterly earnings data on Wednesday, March 6th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.20. The firm had revenue of $119.65 million for the quarter, compared to the consensus estimate of $124.38 million. BRC had a negative net margin of 4.23% and a positive return on equity of 4.11%. On average, research analysts expect that BRC will post -0.01 earnings per share for the current fiscal year.

Institutional Trading of BRC

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of BRC by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 4,148,599 shares of the company’s stock valued at $15,059,000 after buying an additional 150,922 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of BRC in the fourth quarter valued at approximately $169,000. Price T Rowe Associates Inc. MD acquired a new position in shares of BRC in the fourth quarter valued at approximately $42,000. Barclays PLC raised its position in shares of BRC by 750.3% in the fourth quarter. Barclays PLC now owns 55,094 shares of the company’s stock valued at $200,000 after buying an additional 48,615 shares during the last quarter. Finally, Vident Advisory LLC raised its position in shares of BRC by 61.0% in the fourth quarter. Vident Advisory LLC now owns 19,736 shares of the company’s stock valued at $72,000 after buying an additional 7,475 shares during the last quarter. Hedge funds and other institutional investors own 16.29% of the company’s stock.

BRC Company Profile

(Get Free Report

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.

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Analyst Recommendations for BRC (NYSE:BRCC)

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