BRC’s (BRCC) “Outperform” Rating Reiterated at Telsey Advisory Group

BRC (NYSE:BRCC)‘s stock had its “outperform” rating restated by stock analysts at Telsey Advisory Group in a research note issued to investors on Thursday,Benzinga reports. They currently have a $4.00 target price on the stock. Telsey Advisory Group’s target price suggests a potential upside of 142.42% from the company’s current price.

Several other equities analysts have also weighed in on BRCC. DA Davidson reissued a “buy” rating and issued a $3.00 target price on shares of BRC in a research note on Wednesday, March 19th. Roth Capital set a $2.00 target price on BRC and gave the company a “neutral” rating in a research note on Wednesday, May 7th.

BRC Price Performance

BRC stock opened at $1.65 on Thursday. The business’s 50-day simple moving average is $1.64 and its 200 day simple moving average is $2.15. The stock has a market cap of $351.81 million, a price-to-earnings ratio of -18.33 and a beta of 0.90. BRC has a 12-month low of $1.19 and a 12-month high of $5.81. The company has a quick ratio of 0.61, a current ratio of 1.30 and a debt-to-equity ratio of 1.50.

BRC (NYSE:BRCC) last posted its quarterly earnings results on Monday, May 5th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The firm had revenue of $89.97 million during the quarter, compared to the consensus estimate of $88.08 million. BRC had a negative net margin of 1.67% and a negative return on equity of 2.09%. As a group, research analysts anticipate that BRC will post -0.02 earnings per share for the current year.

Insider Transactions at BRC

In other BRC news, Director Stephen M. Kadenacy purchased 80,000 shares of the company’s stock in a transaction dated Friday, July 18th. The shares were bought at an average price of $1.25 per share, with a total value of $100,000.00. Following the completion of the transaction, the director directly owned 1,068,482 shares in the company, valued at $1,335,602.50. This trade represents a 8.09% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Evan Hafer purchased 80,000 shares of the company’s stock in a transaction dated Friday, July 18th. The shares were acquired at an average cost of $1.25 per share, for a total transaction of $100,000.00. Following the transaction, the director owned 80,000 shares of the company’s stock, valued at $100,000. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 176,000 shares of company stock worth $220,000. 69.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BRC

A number of hedge funds and other institutional investors have recently bought and sold shares of BRCC. Jones Financial Companies Lllp raised its position in BRC by 106.0% in the 4th quarter. Jones Financial Companies Lllp now owns 9,011 shares of the company’s stock valued at $29,000 after buying an additional 4,637 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in BRC in the 4th quarter valued at approximately $76,000. Intech Investment Management LLC grew its stake in BRC by 39.8% in the fourth quarter. Intech Investment Management LLC now owns 23,018 shares of the company’s stock valued at $73,000 after purchasing an additional 6,549 shares in the last quarter. Virtu Financial LLC bought a new position in BRC in the fourth quarter valued at approximately $54,000. Finally, American Century Companies Inc. grew its stake in BRC by 7.9% in the fourth quarter. American Century Companies Inc. now owns 105,701 shares of the company’s stock valued at $335,000 after purchasing an additional 7,742 shares in the last quarter. Institutional investors and hedge funds 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.