BRC Inc. (NYSE:BRCC) Receives $6.50 Consensus Target Price from Brokerages

Shares of BRC Inc. (NYSE:BRCC) have been given an average rating of “Moderate Buy” by the six analysts that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $6.50.

Several equities research analysts recently weighed in on the company. Telsey Advisory Group reissued an “outperform” rating and set a $6.00 price objective on shares of BRC in a report on Thursday, October 31st. DA Davidson restated a “buy” rating and set a $5.50 price target on shares of BRC in a report on Wednesday, September 18th. Roth Mkm reiterated a “neutral” rating and issued a $3.50 price objective (down previously from $4.00) on shares of BRC in a report on Wednesday, November 6th. Finally, Roth Capital lowered shares of BRC from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th.

BRC Price Performance

BRC stock opened at $3.02 on Wednesday. The stock’s 50 day moving average is $3.25 and its 200-day moving average is $4.57. The company has a market capitalization of $642.47 million, a price-to-earnings ratio of -37.25 and a beta of 1.16. BRC has a 12 month low of $2.78 and a 12 month high of $7.14. The company has a current ratio of 1.14, a quick ratio of 0.58 and a debt-to-equity ratio of 0.92.

BRC (NYSE:BRCC) last issued its quarterly earnings results on Monday, November 4th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $95.06 million. During the same period in the previous year, the company posted ($0.05) earnings per share. Equities research analysts expect that BRC will post -0.02 EPS for the current year.

Insider Buying and Selling at BRC

In other BRC news, Director Evan Hafer sold 1,000,000 shares of BRC stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $3.17, for a total value of $3,170,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas E. Davin sold 10,884 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $3.81, for a total transaction of $41,468.04. Following the sale, the director now directly owns 15,851 shares of the company’s stock, valued at approximately $60,392.31. This trade represents a 40.71 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,010,884 shares of company stock valued at $12,811,468. 73.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On BRC

Institutional investors have recently modified their holdings of the company. nVerses Capital LLC acquired a new position in BRC during the 2nd quarter valued at about $28,000. Comerica Bank grew its holdings in BRC by 316.4% during the first quarter. Comerica Bank now owns 6,054 shares of the company’s stock worth $26,000 after buying an additional 4,600 shares in the last quarter. Smith Thornton Advisors LLC bought a new stake in BRC during the third quarter worth $45,000. United Asset Strategies Inc. purchased a new stake in BRC in the 3rd quarter valued at $50,000. Finally, Intech Investment Management LLC bought a new position in BRC during the 3rd quarter valued at $56,000. 16.29% of the stock is owned by institutional investors and hedge funds.

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.