BRC (NYSE:BRCC) Earns Outperform Rating from Telsey Advisory Group

Telsey Advisory Group reaffirmed their outperform rating on shares of BRC (NYSE:BRCC) in a research note published on Monday, Benzinga reports. Telsey Advisory Group currently has a $8.00 price target on the stock. Telsey Advisory Group also issued estimates for BRC’s Q3 2024 earnings at $0.00 EPS.

BRC Stock Performance

Shares of BRCC stock opened at $4.27 on Monday. The company has a quick ratio of 0.61, a current ratio of 1.28 and a debt-to-equity ratio of 1.48. The company has a 50 day moving average price of $4.33 and a 200-day moving average price of $3.98. BRC has a 52 week low of $2.51 and a 52 week high of $5.85. The firm has a market capitalization of $905.88 million, a PE ratio of -15.81 and a beta of 1.01.

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

Institutional Trading of BRC

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wasatch Advisors LP grew its position in shares of BRC by 334.0% during the 1st quarter. Wasatch Advisors LP now owns 1,459,418 shares of the company’s stock valued at $6,246,000 after acquiring an additional 1,123,157 shares during the period. PNC Financial Services Group Inc. lifted its position in BRC by 106,550.0% during the third quarter. PNC Financial Services Group Inc. now owns 479,925 shares of the company’s stock valued at $1,723,000 after purchasing an additional 479,475 shares in the last quarter. QVIDTVM Management LLC grew its holdings in BRC by 19.9% during the third quarter. QVIDTVM Management LLC now owns 2,477,346 shares of the company’s stock valued at $8,894,000 after purchasing an additional 411,231 shares during the period. Wesbanco Bank Inc. purchased a new stake in BRC in the first quarter worth about $659,000. Finally, Anchor Capital Advisors LLC raised its stake in shares of BRC by 68.4% in the third quarter. Anchor Capital Advisors LLC now owns 376,148 shares of the company’s stock worth $1,350,000 after buying an additional 152,793 shares during the period. 16.29% of the stock is owned by hedge funds and other institutional investors.

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.