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

BRC Inc. (NYSE:BRCC) has been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $6.50.

A number of research firms have weighed in on BRCC. Roth Mkm reissued a “neutral” rating and issued a $3.50 target price (down previously from $4.00) on shares of BRC in a report on Wednesday, November 6th. Telsey Advisory Group reiterated an “outperform” rating and issued a $6.00 price objective on shares of BRC in a research note on Thursday, October 31st.

BRC Stock Down 5.0 %

Shares of BRC stock opened at $2.59 on Monday. BRC has a twelve month low of $2.48 and a twelve month high of $7.14. The company has a quick ratio of 0.58, a current ratio of 1.14 and a debt-to-equity ratio of 0.92. The company’s 50 day moving average is $2.99 and its 200 day moving average is $3.49. 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 (NYSE:BRCC) last released its quarterly earnings results on Monday, November 4th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $98.20 million for the quarter, compared to analysts’ expectations of $95.06 million. During the same period in the prior year, the firm earned ($0.05) EPS. Research analysts anticipate that BRC will post -0.02 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BRCC. The Manufacturers Life Insurance Company lifted its position in shares of BRC by 32.9% in the second quarter. The Manufacturers Life Insurance Company now owns 20,464 shares of the company’s stock valued at $125,000 after acquiring an additional 5,064 shares in the last quarter. Smith Thornton Advisors LLC raised its stake in BRC by 41.7% during the 4th quarter. Smith Thornton Advisors LLC now owns 18,521 shares of the company’s stock valued at $59,000 after purchasing an additional 5,446 shares during the period. Geode Capital Management LLC lifted its holdings in BRC by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,073,638 shares of the company’s stock worth $3,673,000 after purchasing an additional 10,100 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in BRC by 3.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 377,477 shares of the company’s stock worth $1,291,000 after purchasing an additional 13,087 shares during the period. Finally, United Asset Strategies Inc. purchased a new stake in BRC during the 3rd quarter valued at approximately $50,000. 16.29% of the stock is currently owned by institutional investors.

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.