Roth Mkm Reiterates Neutral Rating for BRC (NYSE:BRCC)

BRC (NYSE:BRCC)‘s stock had its “neutral” rating reiterated by Roth Mkm in a report released on Wednesday,Benzinga reports. They currently have a $2.50 target price on the stock, down from their prior target price of $3.50. Roth Mkm’s target price points to a potential upside of 18.20% from the company’s current price.

Separately, Telsey Advisory Group reaffirmed an “outperform” rating and set a $6.00 price objective on shares of BRC in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $5.63.

BRC Stock Performance

NYSE:BRCC opened at $2.12 on Wednesday. BRC has a twelve month low of $2.01 and a twelve 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. The firm has a market capitalization of $449.95 million, a price-to-earnings ratio of -26.44 and a beta of 1.09. The firm’s fifty day simple moving average is $2.78 and its 200 day simple moving average is $3.16.

Institutional Trading of BRC

A number of institutional investors have recently made changes to their positions in the stock. Engaged Capital LLC lifted its stake in BRC by 5.3% during the third quarter. Engaged Capital LLC now owns 13,535,560 shares of the company’s stock valued at $46,292,000 after purchasing an additional 684,542 shares during the last quarter. QVIDTVM Management LLC lifted its stake in BRC by 24.2% during the third quarter. QVIDTVM Management LLC now owns 3,219,929 shares of the company’s stock valued at $11,012,000 after purchasing an additional 627,653 shares during the last quarter. Verition Fund Management LLC lifted its stake in BRC by 4,294.3% during the third quarter. Verition Fund Management LLC now owns 497,211 shares of the company’s stock valued at $1,700,000 after purchasing an additional 485,896 shares during the last quarter. Barclays PLC lifted its stake in BRC by 325.9% during the third quarter. Barclays PLC now owns 74,967 shares of the company’s stock valued at $257,000 after purchasing an additional 57,366 shares during the last quarter. Finally, State Street Corp lifted its stake in BRC by 3.2% during the third quarter. State Street Corp now owns 955,717 shares of the company’s stock valued at $3,269,000 after purchasing an additional 29,596 shares during the last quarter. 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.