BRC Inc. (NYSE:BRCC – Get Free Report) traded up 4% during mid-day trading on Tuesday . The stock traded as high as $6.78 and last traded at $6.77. 279,277 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 798,739 shares. The stock had previously closed at $6.51.
Analysts Set New Price Targets
Several analysts have recently issued reports on the company. Roth Mkm reiterated a “buy” rating and issued a $7.00 price objective (up from $6.00) on shares of BRC in a research note on Friday, May 10th. Needham & Company LLC reiterated a “hold” rating on shares of BRC in a research note on Thursday, May 16th. Tigress Financial reiterated a “buy” rating and issued a $11.00 price objective on shares of BRC in a research note on Wednesday, May 22nd. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $8.00 price objective on shares of BRC in a research note on Monday, May 6th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, BRC currently has an average rating of “Moderate Buy” and an average target price of $8.00.
Check Out Our Latest Analysis on BRC
BRC Stock Performance
BRC (NYSE:BRCC – Get Free Report) last posted its earnings results on Wednesday, May 8th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.04. The firm had revenue of $98.39 million for the quarter, compared to analyst estimates of $97.78 million. BRC had a positive return on equity of 14.15% and a negative net margin of 2.78%. Analysts predict that BRC Inc. will post 0.03 EPS for the current fiscal year.
Hedge Funds Weigh In On BRC
Hedge funds have recently made changes to their positions in the company. Wasatch Advisors LP purchased a new position in shares of BRC during the fourth quarter worth about $1,221,000. Allworth Financial LP grew its holdings in shares of BRC by 83.6% during the fourth quarter. Allworth Financial LP now owns 9,776 shares of the company’s stock worth $35,000 after purchasing an additional 4,450 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of BRC during the fourth quarter worth about $72,000. Virtu Financial LLC purchased a new position in shares of BRC during the fourth quarter worth about $169,000. Finally, Wesbanco Bank Inc. purchased a new position in shares of BRC during the third quarter worth about $258,000. Hedge funds and other 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.
Further Reading
- Five stocks we like better than BRC
- What is the NASDAQ Stock Exchange?
- Stock Impact: McDonald’s Price War with Starbucks, Wendy’s
- How Investors Can Find the Best Cheap Dividend Stocks
- General Mills Q4 Sales Miss Expectations, Triggering Stock Drop
- What is the Shanghai Stock Exchange Composite Index?
- Enovix Stock Rises 35% in Short-Squeeze: This Rally Has Legs
Receive News & Ratings for BRC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BRC and related companies with MarketBeat.com's FREE daily email newsletter.