BRC Inc. (NYSE:BRCC) Receives Consensus Rating of “Hold” from Brokerages

BRC Inc. (NYSE:BRCC) has been assigned a consensus rating of “Hold” from the five analysts that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $2.50.

Several research firms have commented on BRCC. Telsey Advisory Group reaffirmed an “outperform” rating and set a $2.50 price objective on shares of BRC in a research note on Tuesday, November 4th. Wall Street Zen raised shares of BRC from a “sell” rating to a “hold” rating in a research note on Monday, September 29th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of BRC in a research report on Wednesday, October 8th.

BRC Trading Down 1.2%

Shares of BRCC stock opened at $1.22 on Wednesday. The company has a market cap of $301.93 million, a PE ratio of -8.68 and a beta of 0.90. BRC has a 1 year low of $1.17 and a 1 year high of $3.34. The stock’s 50 day simple moving average is $1.29 and its two-hundred day simple moving average is $1.48. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.34 and a quick ratio of 0.68.

BRC (NYSE:BRCC) last announced its earnings results on Monday, November 3rd. The company reported ($0.01) EPS for the quarter, hitting analysts’ consensus estimates of ($0.01). BRC had a negative return on equity of 11.48% and a negative net margin of 2.86%.The firm had revenue of $100.71 million during the quarter, compared to analysts’ expectations of $101.80 million. Research analysts predict that BRC will post -0.02 earnings per share for the current year.

Insider Buying and Selling at BRC

In other BRC news, Director Steven Taslitz purchased 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The stock was purchased at an average cost of $1.28 per share, with a total value of $128,000.00. Following the purchase, the director owned 451,184 shares of the company’s stock, valued at approximately $577,515.52. The trade was a 28.48% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 73.80% of the company’s stock.

Hedge Funds Weigh In On BRC

Several hedge funds have recently bought and sold shares of the business. Engineers Gate Manager LP purchased a new stake in BRC in the second quarter worth $27,000. R Squared Ltd purchased a new position in BRC in the 2nd quarter worth about $28,000. CWM LLC lifted its holdings in BRC by 63.3% during the 3rd quarter. CWM LLC now owns 18,616 shares of the company’s stock valued at $29,000 after buying an additional 7,215 shares in the last quarter. Virtu Financial LLC boosted its position in BRC by 82.2% in the 3rd quarter. Virtu Financial LLC now owns 21,037 shares of the company’s stock valued at $33,000 after buying an additional 9,492 shares during the period. Finally, Ellsworth Advisors LLC bought a new position in BRC in the 1st quarter worth about $34,000. 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.