BRC Inc. (NYSE:BRCC) Given Average Recommendation of “Moderate Buy” by Brokerages

BRC Inc. (NYSE:BRCC) has been given an average recommendation of “Moderate Buy” by the six analysts that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $7.92.

Separately, Telsey Advisory Group reiterated an “outperform” rating and issued a $8.00 target price on shares of BRC in a research note on Monday, March 4th.

BRC Stock Performance

BRCC stock opened at $4.27 on Friday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.61 and a current ratio of 1.28. The stock has a market capitalization of $905.88 million, a price-to-earnings ratio of -15.81 and a beta of 0.99. BRC has a 1 year low of $2.51 and a 1 year high of $5.85. The stock’s fifty day moving average is $4.21 and its two-hundred day moving average is $3.81.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of BRC by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 4,148,599 shares of the company’s stock valued at $15,059,000 after purchasing an additional 150,922 shares during the period. 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 worth $8,894,000 after acquiring an additional 411,231 shares during the period. BlackRock Inc. grew its holdings in BRC by 26.9% during the second quarter. BlackRock Inc. now owns 2,224,560 shares of the company’s stock worth $11,479,000 after acquiring an additional 472,117 shares during the period. Geode Capital Management LLC grew its holdings in BRC by 28.8% during the second quarter. Geode Capital Management LLC now owns 735,282 shares of the company’s stock worth $3,794,000 after acquiring an additional 164,533 shares during the period. Finally, State Street Corp grew its holdings in BRC by 7.4% during the second quarter. State Street Corp now owns 581,747 shares of the company’s stock worth $3,002,000 after acquiring an additional 39,955 shares during the period. 16.29% of the stock is owned by institutional investors and hedge funds.

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.