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

Shares of BRC Inc. (NYSE:BRCC) have earned a consensus rating of “Moderate Buy” from the six research firms that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $5.63.

BRCC has been the topic of a number of research analyst reports. DA Davidson dropped their price target on BRC from $5.00 to $3.00 and set a “buy” rating on the stock in a research report on Wednesday. Telsey Advisory Group reissued an “outperform” rating and set a $6.00 target price on shares of BRC in a report on Tuesday. Finally, Roth Mkm restated a “neutral” rating and set a $2.50 price objective (down previously from $3.50) on shares of BRC in a report on Wednesday.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its holdings in BRC by 106.0% during the fourth 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 last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in BRC in the 4th quarter valued at approximately $30,000. Smith Thornton Advisors LLC purchased a new stake in BRC during the 3rd quarter worth about $45,000. Ameriprise Financial Inc. bought a new position in shares of BRC in the fourth quarter valued at approximately $47,000. Finally, ProShare Advisors LLC purchased a new stake in shares of BRC in the fourth quarter worth $47,000. 16.29% of the stock is owned by institutional investors and hedge funds.

BRC Stock Performance

Shares of BRC stock opened at $2.12 on Tuesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.14 and a quick ratio of 0.58. BRC has a fifty-two week low of $2.01 and a fifty-two week high of $7.14. The firm has a market cap of $449.95 million, a P/E ratio of -26.44 and a beta of 1.09. The firm has a 50 day simple moving average of $2.78 and a 200 day simple moving average of $3.16.

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.