Brokerages Set BRC Inc. (NYSE:BRCC) Price Target at $6.50

Shares of BRC Inc. (NYSE:BRCC - Get Free Report) have been given a consensus rating of "Moderate Buy" by the six brokerages that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $5.63.

A number of research analysts have commented on BRCC shares. Roth Mkm reaffirmed a "neutral" rating and issued a $2.50 price objective (down from $3.50) on shares of BRC in a report on Wednesday. Telsey Advisory Group restated an "outperform" rating and issued a $6.00 price target on shares of BRC in a research note on Tuesday. Finally, DA Davidson lowered their price target on shares of BRC from $5.00 to $3.00 and set a "buy" rating on the stock in a research report on Wednesday.

BRC Stock Performance

Shares of NYSE:BRCC traded up $0.02 during trading on Tuesday, reaching $2.14. 561,089 shares of the stock were exchanged, compared to its average volume of 882,627. The firm has a market cap of $454.21 million, a PE ratio of -26.69 and a beta of 1.09. The company has a current ratio of 1.14, a quick ratio of 0.58 and a debt-to-equity ratio of 0.92. BRC has a 12 month low of $2.01 and a 12 month high of $7.14. The stock has a 50-day moving average price of $2.77 and a 200-day moving average price of $3.15.

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Institutional Trading of BRC

Several large investors have recently modified their holdings of the stock. Millennium Management LLC raised its stake in BRC by 1,018.3% in the fourth quarter. Millennium Management LLC now owns 1,798,148 shares of the company's stock valued at $5,700,000 after purchasing an additional 1,637,357 shares in the last quarter. Engaged Capital LLC increased its holdings in BRC by 5.3% in the 3rd quarter. Engaged Capital LLC now owns 13,535,560 shares of the company's stock valued at $46,292,000 after buying an additional 684,542 shares during the period. QVIDTVM Management LLC raised its position in shares of BRC by 24.2% in the 3rd quarter. QVIDTVM Management LLC now owns 3,219,929 shares of the company's stock valued at $11,012,000 after buying an additional 627,653 shares in the last quarter. Verition Fund Management LLC lifted its holdings in shares of BRC by 4,294.3% during the 3rd quarter. Verition Fund Management LLC now owns 497,211 shares of the company's stock worth $1,700,000 after acquiring an additional 485,896 shares during the period. Finally, D. E. Shaw & Co. Inc. boosted its position in shares of BRC by 697.0% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 445,764 shares of the company's stock worth $1,413,000 after acquiring an additional 389,833 shares in the last quarter. 16.29% of the stock is owned by institutional investors and hedge funds.

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.