BRC Inc. (NYSE:BRCC) Receives $6.50 Average PT from Brokerages

Shares of BRC Inc. (NYSE:BRCC) have received a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $6.50.

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

BRC Price Performance

Shares of NYSE BRCC opened at $3.01 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.58 and a current ratio of 1.14. BRC has a fifty-two week low of $2.78 and a fifty-two week high of $7.14. The stock has a market cap of $640.35 million, a PE ratio of -37.63 and a beta of 1.14. The stock has a fifty day moving average of $3.14 and a 200-day moving average of $4.28.

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

Hedge Funds Weigh In On BRC

A number of institutional investors have recently made changes to their positions in BRCC. Comerica Bank increased its position in shares of BRC by 316.4% during the 1st quarter. Comerica Bank now owns 6,054 shares of the company’s stock valued at $26,000 after purchasing an additional 4,600 shares during the last quarter. nVerses Capital LLC bought a new stake in BRC in the 2nd quarter worth approximately $28,000. Smith Thornton Advisors LLC purchased a new stake in BRC in the third quarter worth approximately $45,000. United Asset Strategies Inc. bought a new position in BRC during the third quarter valued at approximately $50,000. Finally, Intech Investment Management LLC purchased a new position in shares of BRC during the third quarter worth approximately $56,000. 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.