BRC’s (BRCC) “Neutral” Rating Reaffirmed at Roth Mkm

Roth Mkm reaffirmed their neutral rating on shares of BRC (NYSE:BRCC) in a research report released on Wednesday morning,Benzinga reports. Roth Mkm currently has a $3.50 price target on the stock, down from their previous price target of $4.00.

A number of other equities analysts have also recently issued reports on the company. Telsey Advisory Group reissued an “outperform” rating and issued a $6.00 target price on shares of BRC in a report on Thursday, October 31st. DA Davidson reaffirmed a “buy” rating and set a $5.50 price target on shares of BRC in a report on Wednesday, September 18th. Finally, Roth Capital cut BRC from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, BRC currently has a consensus rating of “Moderate Buy” and a consensus target price of $6.50.

BRC Stock Performance

Shares of BRCC opened at $3.06 on Wednesday. BRC has a 1 year low of $2.60 and a 1 year high of $7.14. The company has a current ratio of 1.14, a quick ratio of 0.59 and a debt-to-equity ratio of 0.92. The stock has a 50 day simple moving average of $3.43 and a 200-day simple moving average of $4.63. The stock has a market cap of $650.31 million, a PE ratio of -38.25 and a beta of 1.16.

BRC (NYSE:BRCC) last issued its earnings results on Monday, November 4th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $98.20 million during the quarter, compared to analysts’ expectations of $95.06 million. During the same period in the prior year, the firm posted ($0.05) EPS. On average, sell-side analysts predict that BRC will post -0.03 EPS for the current fiscal year.

Insider Transactions at BRC

In other news, Director Evan Hafer sold 1,000,000 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $3.17, for a total value of $3,170,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other BRC news, Director Evan Hafer sold 1,000,000 shares of BRC stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $3.17, for a total transaction of $3,170,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Thomas E. Davin sold 10,884 shares of BRC stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $3.81, for a total value of $41,468.04. Following the transaction, the director now owns 15,851 shares in the company, valued at approximately $60,392.31. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,010,884 shares of company stock worth $12,811,468 in the last three months. Insiders own 73.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. nVerses Capital LLC bought a new stake in shares of BRC in the second quarter valued at about $28,000. Comerica Bank lifted its holdings in shares of BRC by 316.4% in the first quarter. Comerica Bank now owns 6,054 shares of the company’s stock valued at $26,000 after purchasing an additional 4,600 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings 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 purchasing an additional 5,064 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in BRC during the first quarter valued at approximately $45,000. Finally, Fortis Group Advisors LLC boosted its holdings in shares of BRC by 25.0% in the 2nd quarter. Fortis Group Advisors LLC now owns 56,925 shares of the company’s stock valued at $349,000 after buying an additional 11,388 shares during the last quarter. 16.29% of the stock is currently owned by institutional investors.

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.