BRC Inc. (NYSE:BRCC) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of BRC Inc. (NYSE:BRCC) have been given an average recommendation of “Moderate Buy” by the six research firms that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $6.50.

BRCC has been the subject of several research reports. Roth Mkm reissued a “neutral” rating and set a $3.50 price objective (down previously from $4.00) on shares of BRC in a report on Wednesday, November 6th. DA Davidson reissued a “buy” rating and set a $5.50 price target on shares of BRC in a research note on Wednesday, September 18th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $6.00 price objective on shares of BRC in a research note on Thursday, October 31st.

BRC Stock Up 2.3 %

NYSE BRCC opened at $3.18 on Thursday. BRC has a 12 month low of $2.78 and a 12 month high of $7.14. The company has a current ratio of 1.14, a quick ratio of 0.58 and a debt-to-equity ratio of 0.92. The stock has a market cap of $676.52 million, a PE ratio of -39.75 and a beta of 1.12. The stock’s 50 day moving average is $3.04 and its 200 day moving average is $3.93.

BRC (NYSE:BRCC) last released its earnings results on Monday, November 4th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.02) by $0.01. The firm had revenue of $98.20 million for the quarter, compared to the consensus estimate of $95.06 million. BRC had a negative net margin of 1.22% and a positive return on equity of 23.35%. During the same quarter in the previous year, the firm earned ($0.05) earnings per share. Research analysts predict that BRC will post -0.02 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp raised its holdings in BRC by 42.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 161,053 shares of the company’s stock valued at $987,000 after buying an additional 47,800 shares during the period. Rhumbline Advisers raised its stake in shares of BRC by 39.6% in the second quarter. Rhumbline Advisers now owns 64,577 shares of the company’s stock valued at $396,000 after acquiring an additional 18,310 shares during the period. TD Asset Management Inc bought a new stake in shares of BRC in the 2nd quarter worth about $267,000. American Century Companies Inc. boosted its stake in shares of BRC by 108.8% during the 2nd quarter. American Century Companies Inc. now owns 67,505 shares of the company’s stock worth $414,000 after purchasing an additional 35,174 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of BRC by 131.1% during the 2nd quarter. Renaissance Technologies LLC now owns 419,300 shares of the company’s stock worth $2,570,000 after purchasing an additional 237,869 shares during the period. Institutional investors own 16.29% of the company’s stock.

About BRC

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.