BRC Inc. (NYSE:BRCC) Receives $7.92 Average Target Price from Analysts

Shares of BRC Inc. (NYSE:BRCC) have received a consensus rating of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective 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 issued a $8.00 price target on shares of BRC in a report on Monday, March 4th.

Institutional Trading of BRC

A number of institutional investors have recently bought and sold shares of the company. Alhambra Investment Management LLC lifted its position in shares of BRC by 21.8% in the fourth quarter. Alhambra Investment Management LLC now owns 16,750 shares of the company’s stock worth $61,000 after buying an additional 3,000 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of BRC by 106.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,415 shares of the company’s stock worth $27,000 after buying an additional 3,831 shares during the last quarter. Allworth Financial LP lifted its position in shares of BRC by 83.6% in the fourth quarter. Allworth Financial LP now owns 9,776 shares of the company’s stock worth $35,000 after buying an additional 4,450 shares during the last quarter. Raymond James & Associates lifted its position in shares of BRC by 27.3% in the third quarter. Raymond James & Associates now owns 21,921 shares of the company’s stock worth $79,000 after buying an additional 4,697 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. lifted its position in shares of BRC by 23.5% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 30,000 shares of the company’s stock worth $109,000 after buying an additional 5,700 shares during the last quarter. Institutional investors and hedge funds own 16.29% of the company’s stock.

BRC Trading Down 0.8 %

Shares of NYSE BRCC opened at $4.12 on Tuesday. The company has a market cap of $873.00 million, a price-to-earnings ratio of -15.39 and a beta of 0.99. BRC has a 12-month low of $2.51 and a 12-month high of $5.85. The company has a current ratio of 1.28, a quick ratio of 0.61 and a debt-to-equity ratio of 1.48. The stock’s 50 day simple moving average is $4.34 and its 200 day simple moving average is $3.90.

BRC (NYSE:BRCC) last announced its quarterly earnings results on Wednesday, March 6th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.20. The business had revenue of $119.65 million for the quarter, compared to the consensus estimate of $124.38 million. BRC had a positive return on equity of 4.11% and a negative net margin of 4.23%. Equities research analysts expect that BRC will post -0.01 EPS for the current year.

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.