BRC (NYSE:BRCC) Earns “Outperform” Rating from Telsey Advisory Group

BRC (NYSE:BRCC)‘s stock had its “outperform” rating reiterated by equities research analysts at Telsey Advisory Group in a research report issued on Monday, Benzinga reports. They presently have a $8.00 target price on the stock. Telsey Advisory Group’s price target points to a potential upside of 107.79% from the stock’s current price.

BRC Trading Up 4.1 %

Shares of BRC stock opened at $3.85 on Monday. The company has a market capitalization of $816.78 million, a price-to-earnings ratio of -14.26 and a beta of 1.01. The business has a fifty day simple moving average of $4.32 and a two-hundred day simple moving average of $3.96. BRC has a 1 year low of $2.51 and a 1 year high of $5.85. 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 (NYSE:BRCC) last announced its quarterly earnings results on Wednesday, March 6th. The company reported $0.19 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%. Research analysts forecast that BRC will post -0.01 EPS for the current year.

Hedge Funds Weigh In On BRC

A number of large investors have recently made changes to their positions in the company. QVIDTVM Management LLC increased its stake in shares of 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 purchasing an additional 411,231 shares during the period. Wasatch Advisors LP increased its stake in shares of BRC by 334.0% during the first quarter. Wasatch Advisors LP now owns 1,459,418 shares of the company’s stock worth $6,246,000 after purchasing an additional 1,123,157 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of BRC by 106,550.0% during the third quarter. PNC Financial Services Group Inc. now owns 479,925 shares of the company’s stock worth $1,723,000 after purchasing an additional 479,475 shares during the period. Anchor Capital Advisors LLC increased its stake in BRC by 68.4% during the 3rd quarter. Anchor Capital Advisors LLC now owns 376,148 shares of the company’s stock worth $1,350,000 after acquiring an additional 152,793 shares during the period. Finally, Hollencrest Capital Management increased its stake in BRC by 40.8% during the 1st quarter. Hollencrest Capital Management now owns 262,820 shares of the company’s stock worth $1,125,000 after acquiring an additional 76,120 shares during the period. 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.