BRC (NYSE:BRCC) Given “Neutral” Rating at Roth Mkm

Roth Mkm reissued their neutral rating on shares of BRC (NYSE:BRCC) in a research report sent to investors on Wednesday,Benzinga reports. Roth Mkm currently has a $3.50 price objective on the stock, down from their prior price objective of $4.00.

Other equities research analysts also recently issued reports about the stock. Roth Capital downgraded shares of BRC from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th. DA Davidson restated a “buy” rating and set a $5.50 price objective on shares of BRC in a research report on Wednesday, September 18th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $6.00 price objective on shares of BRC in a research report on Thursday, October 31st. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $6.50.

BRC Stock Performance

Shares of NYSE:BRCC opened at $3.06 on Wednesday. BRC has a 52-week low of $2.60 and a 52-week high of $7.14. The company has a market capitalization of $650.31 million, a P/E ratio of -38.25 and a beta of 1.16. The company has a 50-day simple moving average of $3.43 and a 200 day simple moving average of $4.64. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.59 and a current ratio of 1.14.

BRC (NYSE:BRCC) last issued its earnings results on Monday, November 4th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01. BRC had a negative net margin of 1.22% and a positive return on equity of 23.35%. The business had revenue of $98.20 million during the quarter, compared to the consensus estimate of $95.06 million. During the same period last year, the business posted ($0.05) EPS. Sell-side analysts forecast that BRC will post -0.03 earnings per share for the current year.

Insider Transactions at BRC

In other news, Director Evan Hafer sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $3.17, for a total transaction of $3,170,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Thomas E. Davin sold 10,884 shares of BRC stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $3.81, for a total value of $41,468.04. Following the transaction, the director now directly owns 15,851 shares of the company’s stock, valued at $60,392.31. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Evan Hafer sold 1,000,000 shares of BRC stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $3.17, for a total transaction of $3,170,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,010,884 shares of company stock valued at $12,811,468. 73.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Blair William & Co. IL bought a new position in BRC in the first quarter valued at approximately $731,000. Comerica Bank increased its stake in BRC by 316.4% in the first quarter. Comerica Bank now owns 6,054 shares of the company’s stock valued at $26,000 after acquiring an additional 4,600 shares during the last quarter. Riverwater Partners LLC bought a new position in BRC in the third quarter valued at approximately $1,091,000. Cubist Systematic Strategies LLC bought a new position in BRC in the second quarter valued at approximately $1,084,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in BRC in the first quarter valued at approximately $45,000. 16.29% of the stock is owned by 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.