Roth Mkm Reaffirms “Neutral” Rating for BRC (NYSE:BRCC)

BRC (NYSE:BRCC)‘s stock had its “neutral” rating restated by research analysts at Roth Mkm in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $2.50 price objective on the stock, down from their previous price objective of $3.50. Roth Mkm’s price objective indicates a potential upside of 18.20% from the company’s current price.

Separately, Telsey Advisory Group reiterated an “outperform” rating and issued a $6.00 target price on shares of BRC in a research report on Tuesday. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $5.63.

BRC Stock Down 1.6 %

BRCC stock opened at $2.12 on Wednesday. BRC has a 12-month low of $2.01 and a 12-month high of $7.14. The company has a quick ratio of 0.58, a current ratio of 1.14 and a debt-to-equity ratio of 0.92. The company has a market cap of $449.95 million, a price-to-earnings ratio of -26.44 and a beta of 1.09. The company has a 50 day moving average of $2.78 and a two-hundred day moving average of $3.16.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Millennium Management LLC raised its holdings in BRC by 1,018.3% in the 4th quarter. Millennium Management LLC now owns 1,798,148 shares of the company’s stock worth $5,700,000 after acquiring an additional 1,637,357 shares during the period. Engaged Capital LLC grew its position in BRC by 5.3% in the 3rd quarter. Engaged Capital LLC now owns 13,535,560 shares of the company’s stock worth $46,292,000 after purchasing an additional 684,542 shares during the last quarter. QVIDTVM Management LLC grew its position in BRC by 24.2% in the 3rd quarter. QVIDTVM Management LLC now owns 3,219,929 shares of the company’s stock worth $11,012,000 after purchasing an additional 627,653 shares during the last quarter. Verition Fund Management LLC grew its position in BRC by 4,294.3% in the 3rd quarter. Verition Fund Management LLC now owns 497,211 shares of the company’s stock worth $1,700,000 after purchasing an additional 485,896 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. grew its position in BRC by 697.0% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 445,764 shares of the company’s stock worth $1,413,000 after purchasing an additional 389,833 shares during the last quarter. 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.