BRC Inc. (NYSE:BRCC) Receives Average Rating of “Moderate Buy” from Analysts

Shares of BRC Inc. (NYSE:BRCC) have been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $6.50.

A number of research firms recently commented on BRCC. Roth Capital downgraded BRC from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 9th. Roth Mkm reiterated a “neutral” rating and issued a $3.50 target price (down previously from $4.00) on shares of BRC in a research report on Wednesday, November 6th. Telsey Advisory Group reissued an “outperform” rating and set a $6.00 price target on shares of BRC in a research report on Thursday, October 31st. Finally, DA Davidson reaffirmed a “buy” rating and issued a $5.50 price objective on shares of BRC in a report on Wednesday, September 18th.

Insider Buying and Selling

In other news, Director Thomas E. Davin sold 10,884 shares of BRC stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $3.81, for a total transaction of $41,468.04. Following the sale, the director now owns 15,851 shares of the company’s stock, valued at approximately $60,392.31. The trade was a 40.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Evan Hafer sold 3,000,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $3.20, for a total value of $9,600,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,010,884 shares of company stock valued at $12,811,468. Insiders own 73.80% of the company’s stock.

Institutional Trading of BRC

Several hedge funds have recently added to or reduced their stakes in the business. Blair William & Co. IL bought a new stake in shares of BRC during the first quarter valued at about $731,000. Vanguard Group Inc. raised its position in shares of BRC by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 4,162,960 shares of the company’s stock worth $17,817,000 after buying an additional 14,361 shares in the last quarter. Comerica Bank lifted its stake in shares of BRC by 316.4% in the 1st quarter. Comerica Bank now owns 6,054 shares of the company’s stock worth $26,000 after acquiring an additional 4,600 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of BRC by 42.2% in the second quarter. Bank of New York Mellon Corp now owns 161,053 shares of the company’s stock valued at $987,000 after acquiring an additional 47,800 shares in the last quarter. Finally, Fortis Group Advisors LLC increased its stake in shares of BRC by 25.0% during the second quarter. Fortis Group Advisors LLC now owns 56,925 shares of the company’s stock valued at $349,000 after acquiring an additional 11,388 shares during the period. Institutional investors own 16.29% of the company’s stock.

BRC Stock Performance

Shares of BRCC opened at $3.00 on Wednesday. The firm has a market cap of $637.16 million, a price-to-earnings ratio of -37.25 and a beta of 1.16. 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 business’s 50 day moving average is $3.24 and its two-hundred day moving average is $4.55. BRC has a 52-week low of $2.78 and a 52-week high of $7.14.

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

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.