BRC (NYSE:BRCC) Earns “Outperform” Rating from Telsey Advisory Group

BRC (NYSE:BRCC)‘s stock had its “outperform” rating restated by equities researchers at Telsey Advisory Group in a report released on Tuesday,Benzinga reports. They presently have a $6.00 price target on the stock. Telsey Advisory Group’s price target points to a potential upside of 131.66% from the stock’s previous close.

Separately, Roth Mkm restated a “neutral” rating and issued a $3.50 target price (down from $4.00) on shares of BRC in a report on Wednesday, November 6th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $6.50.

BRC Price Performance

BRCC stock opened at $2.59 on Tuesday. BRC has a 1 year low of $2.41 and a 1 year high of $7.14. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.14 and a quick ratio of 0.58. The firm has a market capitalization of $551.00 million, a PE ratio of -32.38 and a beta of 1.09. The business has a 50 day simple moving average of $2.82 and a 200-day simple moving average of $3.18.

Institutional Trading of BRC

Several institutional investors have recently made changes to their positions in the company. Wolverine Trading LLC grew its position in BRC by 48.3% in the fourth quarter. Wolverine Trading LLC now owns 18,221 shares of the company’s stock worth $56,000 after acquiring an additional 5,936 shares during the period. State of Wyoming lifted its stake in shares of BRC by 599.7% in the 4th quarter. State of Wyoming now owns 66,680 shares of the company’s stock valued at $211,000 after purchasing an additional 57,150 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of BRC during the 4th quarter worth $30,000. Point72 Asset Management L.P. acquired a new stake in shares of BRC during the 4th quarter worth about $872,000. Finally, ProShare Advisors LLC acquired a new stake in shares of BRC during the 4th quarter worth about $47,000. Hedge funds and other 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.