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

Shares of BRC Inc. (NYSE:BRCC) have been assigned an average recommendation of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage 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 report on Monday, March 4th.

BRC Trading Down 1.7 %

BRCC opened at $4.04 on Tuesday. The stock has a market capitalization of $857.09 million, a PE ratio of -14.96 and a beta of 0.99. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.28 and a quick ratio of 0.61. BRC has a 12-month low of $2.51 and a 12-month high of $5.85. The firm’s fifty day moving average price is $4.34 and its 200 day moving average price is $3.93.

BRC (NYSE:BRCC) last issued its earnings results on Wednesday, March 6th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.20. The business had revenue of $119.65 million for the quarter, compared to analyst estimates of $124.38 million. BRC had a negative net margin of 4.23% and a positive return on equity of 4.11%. As a group, research analysts expect that BRC will post -0.01 EPS for the current fiscal year.

Institutional Investors Weigh In On BRC

Several institutional investors and hedge funds have recently bought and sold shares of the business. Alhambra Investment Management LLC grew its holdings in shares of BRC by 21.8% during the fourth quarter. Alhambra Investment Management LLC now owns 16,750 shares of the company’s stock valued at $61,000 after purchasing an additional 3,000 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in BRC by 106.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,415 shares of the company’s stock worth $27,000 after buying an additional 3,831 shares during the last quarter. Allworth Financial LP increased its position in BRC by 83.6% in the fourth quarter. Allworth Financial LP now owns 9,776 shares of the company’s stock worth $35,000 after buying an additional 4,450 shares during the period. Raymond James & Associates lifted its stake in BRC by 27.3% in the third quarter. Raymond James & Associates now owns 21,921 shares of the company’s stock valued at $79,000 after buying an additional 4,697 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of BRC by 23.5% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 30,000 shares of the company’s stock valued at $109,000 after acquiring an additional 5,700 shares during the period. Institutional investors and hedge funds own 16.29% of the company’s stock.

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.