Analysts Set BRC Inc. (NYSE:BRCC) PT at $6.50

Shares of BRC Inc. (NYSE:BRCC) have received an average recommendation of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $6.50.

BRCC has been the subject of a number of analyst reports. Telsey Advisory Group reissued an “outperform” rating and issued a $6.00 price target on shares of BRC in a research report on Thursday, October 31st. DA Davidson reissued a “buy” rating and set a $5.50 price target on shares of BRC in a research report on Wednesday, September 18th. Finally, Roth Mkm reaffirmed a “neutral” rating and issued a $3.50 price objective (down from $4.00) on shares of BRC in a research report on Wednesday, November 6th.

BRC Stock Performance

Shares of BRCC stock opened at $3.01 on Friday. 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 fifty day simple moving average of $3.14 and a two-hundred day simple moving average of $4.28. BRC has a 12 month low of $2.78 and a 12 month high of $7.14. The firm has a market capitalization of $640.35 million, a PE ratio of -37.63 and a beta of 1.14.

BRC (NYSE:BRCC) last posted its earnings results on Monday, November 4th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.02) by $0.01. BRC had a negative net margin of 1.22% and a positive return on equity of 23.35%. The company had revenue of $98.20 million during the quarter, compared to the consensus estimate of $95.06 million. During the same period in the previous year, the firm posted ($0.05) earnings per share. Analysts forecast that BRC will post -0.02 EPS for the current fiscal year.

Hedge Funds Weigh In On BRC

Several institutional investors have recently added to or reduced their stakes in BRCC. nVerses Capital LLC bought a new stake in shares of BRC in the second quarter valued at $28,000. Comerica Bank raised its stake in BRC by 316.4% in the 1st quarter. Comerica Bank now owns 6,054 shares of the company’s stock valued at $26,000 after acquiring an additional 4,600 shares during the period. Smith Thornton Advisors LLC bought a new stake in BRC in the 3rd quarter valued at about $45,000. United Asset Strategies Inc. purchased a new stake in BRC during the third quarter valued at about $50,000. Finally, Intech Investment Management LLC bought a new position in BRC during the third quarter worth about $56,000. Institutional investors own 16.29% of the company’s stock.

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.