BRC Inc. (NYSE:BRCC) Receives Consensus Rating of “Hold” from Analysts

Shares of BRC Inc. (NYSE:BRCC) have been assigned an average recommendation of “Hold” from the five brokerages that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $7.00.

Several research analysts have recently commented on the stock. Tigress Financial reaffirmed a “buy” rating and issued a $11.00 price target on shares of BRC in a report on Wednesday, May 22nd. DA Davidson reiterated a “buy” rating and issued a $5.50 price target on shares of BRC in a research report on Friday. Roth Mkm downgraded BRC from a “buy” rating to a “neutral” rating and cut their price objective for the company from $8.00 to $4.00 in a research report on Friday, August 9th. Roth Capital downgraded shares of BRC from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of BRC in a research report on Thursday, May 16th.

Institutional Investors Weigh In On BRC

Large investors have recently made changes to their positions in the company. Comerica Bank grew its holdings in shares of BRC by 316.4% in the 1st quarter. Comerica Bank now owns 6,054 shares of the company’s stock valued at $26,000 after acquiring an additional 4,600 shares in the last quarter. nVerses Capital LLC bought a new stake in shares of BRC during the 2nd quarter worth about $28,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in BRC in the 1st quarter valued at about $45,000. Intrinsic Edge Capital Management LLC acquired a new stake in BRC during the fourth quarter worth approximately $50,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of BRC during the fourth quarter worth approximately $72,000. Institutional investors own 16.29% of the company’s stock.

BRC Stock Down 2.5 %

Shares of BRCC stock traded down $0.10 during mid-day trading on Friday, reaching $3.96. 172,075 shares of the company were exchanged, compared to its average volume of 893,881. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.59 and a current ratio of 1.07. The business’s 50 day simple moving average is $5.02 and its 200 day simple moving average is $4.95. The company has a market capitalization of $841.58 million, a P/E ratio of -21.89 and a beta of 1.18. BRC has a fifty-two week low of $2.51 and a fifty-two week high of $7.14.

BRC (NYSE:BRCC) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). The firm had revenue of $89.02 million for the quarter, compared to analysts’ expectations of $101.54 million. BRC had a positive return on equity of 17.53% and a negative net margin of 1.88%. During the same quarter in the prior year, the firm posted ($0.03) earnings per share. Research analysts predict that BRC will post -0.02 earnings per share 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.