BRC Inc. (NYSE:BRCC) Receives Average Rating of "Moderate Buy" from Brokerages

Shares of BRC Inc. (NYSE:BRCC - Get Free Report) have earned an average recommendation of "Moderate Buy" from the six ratings firms that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $6.50.

A number of equities research analysts have recently weighed in on BRCC shares. DA Davidson restated a "buy" rating and set a $5.50 price target on shares of BRC in a research note on Wednesday, September 18th. Telsey Advisory Group restated an "outperform" rating and issued a $6.00 price target on shares of BRC in a research note on Thursday, October 31st. Roth Capital downgraded shares of BRC from a "strong-buy" rating to a "hold" rating in a report on Friday, August 9th. Finally, Roth Mkm restated a "neutral" rating and issued a $3.50 target price (down previously from $4.00) on shares of BRC in a research report on Wednesday, November 6th.

BRC Trading Down 3.2 %

NYSE BRCC traded down $0.09 during trading on Wednesday, hitting $2.87. The stock had a trading volume of 728,097 shares, compared to its average volume of 894,950. The stock has a 50 day simple moving average of $3.26 and a 200 day simple moving average of $4.58. The stock has a market capitalization of $609.51 million, a price-to-earnings ratio of -35.81 and a beta of 1.16. 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 has a one year low of $2.78 and a one year high of $7.14.

BRC (NYSE:BRCC - Get Free Report) last released its quarterly earnings data 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 company had revenue of $98.20 million during 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 in the prior year, the firm earned ($0.05) earnings per share. Sell-side analysts predict that BRC will post -0.02 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Evan Hafer sold 1,000,000 shares of the firm's stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas E. Davin sold 10,884 shares of BRC stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $3.81, for a total transaction of $41,468.04. Following the sale, the director now owns 15,851 shares of the company's stock, valued at approximately $60,392.31. The trade was a 40.71 % 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 quarter. 73.80% of the stock is owned by insiders.

Institutional Investors Weigh In On BRC

Several large investors have recently made changes to their positions in BRCC. Blair William & Co. IL bought a new position in BRC during the 1st quarter valued at $731,000. Comerica Bank boosted its position 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 buying an additional 4,600 shares during the period. Riverwater Partners LLC acquired a new position in shares of BRC during the third quarter valued at $1,091,000. Cubist Systematic Strategies LLC bought a new position in BRC during the 2nd quarter valued at $1,084,000. Finally, Marshall Wace LLP grew its stake in shares of BRC by 76.4% in the 2nd quarter. Marshall Wace LLP now owns 812,373 shares of the company's stock worth $4,980,000 after purchasing an additional 351,757 shares during the last quarter. Institutional investors and hedge funds own 16.29% of the company's stock.

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.