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

Shares of BRC Inc. (NYSE:BRCC - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the six analysts that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $6.50.

Several research firms have weighed in on BRCC. Roth Mkm restated a "neutral" rating and set a $3.50 target price (down from $4.00) on shares of BRC in a research note on Wednesday, November 6th. Telsey Advisory Group restated an "outperform" rating and set a $6.00 price objective on shares of BRC in a research report on Thursday, October 31st. Finally, DA Davidson reiterated a "buy" rating and issued a $5.50 target price on shares of BRC in a research report on Wednesday, September 18th.

BRC Stock Down 2.6 %

BRCC traded down $0.08 on Friday, hitting $3.03. 659,466 shares of the company were exchanged, compared to its average volume of 643,629. The company has a market cap of $644.60 million, a PE ratio of -37.88 and a beta of 1.14. The stock's fifty day moving average is $3.14 and its 200-day moving average is $4.30. BRC has a 12 month low of $2.78 and a 12 month high of $7.14. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.58 and a current ratio of 1.14.

BRC (NYSE:BRCC - Get Free Report) last released its earnings results on Monday, November 4th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.02) by $0.01. The firm had revenue of $98.20 million for the quarter, compared to analyst estimates of $95.06 million. BRC had a negative net margin of 1.22% and a positive return on equity of 23.35%. During the same period last year, the firm earned ($0.05) EPS. Equities research analysts predict that BRC will post -0.02 EPS for the current fiscal year.

Institutional Trading of BRC

Hedge funds have recently made changes to their positions in the company. Comerica Bank lifted its holdings in shares of BRC by 316.4% during the first quarter. Comerica Bank now owns 6,054 shares of the company's stock worth $26,000 after purchasing an additional 4,600 shares during the period. Bank of New York Mellon Corp grew its position in shares of BRC by 42.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 161,053 shares of the company's stock valued at $987,000 after buying an additional 47,800 shares during the last quarter. Fortis Group Advisors LLC increased its stake in shares of BRC by 25.0% in the second 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 period. nVerses Capital LLC bought a new position in shares of BRC during the second quarter worth about $28,000. Finally, Rhumbline Advisers lifted its stake in shares of BRC by 39.6% in the second quarter. Rhumbline Advisers now owns 64,577 shares of the company's stock worth $396,000 after acquiring an additional 18,310 shares during the period. 16.29% of the stock is owned by institutional investors and hedge funds.

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.