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

BRC Inc. (NYSE:BRCC) has received a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $6.50.

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

Hedge Funds Weigh In On BRC

Several institutional investors and hedge funds have recently added to or reduced their stakes in BRCC. Smith Thornton Advisors LLC bought a new position in shares of BRC in the 3rd quarter worth about $45,000. United Asset Strategies Inc. purchased a new stake in BRC in the third quarter worth about $50,000. Lake Street Advisors Group LLC bought a new position in shares of BRC during the fourth quarter valued at approximately $48,000. Intech Investment Management LLC purchased a new position in shares of BRC during the third quarter valued at approximately $56,000. Finally, SG Americas Securities LLC bought a new stake in shares of BRC in the 4th quarter worth approximately $58,000. Hedge funds and other institutional investors own 16.29% of the company’s stock.

BRC Stock Performance

Shares of NYSE:BRCC opened at $2.59 on Monday. 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 company has a market cap of $549.93 million, a price-to-earnings ratio of -32.31 and a beta of 1.09. BRC has a 12 month low of $2.48 and a 12 month high of $7.14. The company has a 50-day moving average price of $2.99 and a 200-day moving average price of $3.49.

BRC (NYSE:BRCC) last released its quarterly earnings results on Monday, November 4th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $95.06 million. During the same quarter in the prior year, the company posted ($0.05) EPS. As a group, equities analysts anticipate that BRC will post -0.02 EPS for the current year.

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.