BRC Inc. (NYSE:BRCC) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of BRC Inc. (NYSE:BRCC - Get Free Report) have received an average rating of "Moderate Buy" from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $6.50.

A number of analysts have commented on the company. Roth Mkm reaffirmed a "neutral" rating and set a $3.50 price target (down previously from $4.00) on shares of BRC in a research report on Wednesday, November 6th. DA Davidson restated a "buy" rating and set a $5.50 target price on shares of BRC in a research report on Wednesday, September 18th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $6.00 price target on shares of BRC in a research report on Thursday, October 31st.

BRC Stock Up 2.3 %

BRCC traded up $0.07 during trading on Thursday, hitting $3.18. The stock had a trading volume of 678,291 shares, compared to its average volume of 649,915. BRC has a twelve month low of $2.78 and a twelve month high of $7.14. The stock has a 50 day simple moving average of $3.04 and a two-hundred day simple moving average of $3.93. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.58 and a current ratio of 1.14. The company has a market capitalization of $676.52 million, a PE ratio of -39.75 and a beta of 1.12.

BRC (NYSE:BRCC - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The company reported ($0.01) earnings per share for the quarter, topping analysts' consensus estimates of ($0.02) by $0.01. The business had revenue of $98.20 million for the quarter, compared to analyst estimates of $95.06 million. BRC had a positive return on equity of 23.35% and a negative net margin of 1.22%. During the same quarter in the previous year, the firm earned ($0.05) earnings per share. On average, research analysts predict that BRC will post -0.02 earnings per share for the current year.

Institutional Trading of BRC

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Barclays PLC increased its position in shares of BRC by 325.9% in the third quarter. Barclays PLC now owns 74,967 shares of the company's stock valued at $257,000 after buying an additional 57,366 shares in the last quarter. Geode Capital Management LLC increased its holdings in BRC by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,073,638 shares of the company's stock worth $3,673,000 after acquiring an additional 10,100 shares in the last quarter. State Street Corp raised its position in BRC by 3.2% during the third quarter. State Street Corp now owns 955,717 shares of the company's stock worth $3,269,000 after acquiring an additional 29,596 shares during the period. Quadrature Capital Ltd purchased a new position in BRC during the third quarter valued at $75,000. Finally, HighTower Advisors LLC grew its position in shares of BRC by 153.4% in the third quarter. HighTower Advisors LLC now owns 27,521 shares of the company's stock valued at $91,000 after purchasing an additional 16,661 shares during the period. Institutional investors and hedge funds 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.