Analysts Set BRC Inc. (NYSE:BRCC) PT at $4.60

BRC Inc. (NYSE:BRCC) has earned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $4.60.

Several research analysts have issued reports on BRCC shares. Roth Mkm reiterated a “neutral” rating and issued a $2.50 price target (down previously from $3.50) on shares of BRC in a report on Wednesday, March 5th. DA Davidson reiterated a “buy” rating and issued a $3.00 target price on shares of BRC in a report on Wednesday, March 19th. Telsey Advisory Group set a $4.00 price target on shares of BRC in a research note on Wednesday, March 5th. Finally, Roth Capital set a $2.50 price objective on shares of BRC in a report on Wednesday, March 5th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD lifted its stake in BRC by 24.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 22,233 shares of the company’s stock valued at $71,000 after acquiring an additional 4,364 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of BRC by 106.0% during the 4th quarter. Jones Financial Companies Lllp now owns 9,011 shares of the company’s stock worth $29,000 after purchasing an additional 4,637 shares during the period. Smith Thornton Advisors LLC raised its stake in shares of BRC by 41.7% during the 4th quarter. Smith Thornton Advisors LLC now owns 18,521 shares of the company’s stock worth $59,000 after purchasing an additional 5,446 shares during the period. Wolverine Trading LLC boosted its stake in BRC by 48.3% in the fourth quarter. Wolverine Trading LLC now owns 18,221 shares of the company’s stock valued at $56,000 after acquiring an additional 5,936 shares during the last quarter. Finally, Intech Investment Management LLC lifted its stake in BRC by 39.8% in the fourth quarter. Intech Investment Management LLC now owns 23,018 shares of the company’s stock valued at $73,000 after purchasing an additional 6,549 shares during the last quarter. Hedge funds and other institutional investors own 16.29% of the company’s stock.

BRC Stock Performance

Shares of BRCC opened at $2.10 on Friday. BRC has a one year low of $1.93 and a one year high of $7.14. The company has a market cap of $446.33 million, a PE ratio of -26.19 and a beta of 1.09. The stock has a 50-day moving average of $2.43 and a 200-day moving average of $2.90. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.14 and a quick ratio of 0.58.

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.