BRC Inc. (NYSE:BRCC) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of BRC Inc. (NYSE:BRCC - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the six research firms that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $4.60.

Several equities research analysts have recently issued reports on BRCC shares. Roth Mkm reissued a "neutral" rating and set a $2.50 price objective (down previously from $3.50) on shares of BRC in a research report on Wednesday, March 5th. Telsey Advisory Group set a $4.00 target price on BRC in a report on Wednesday, March 5th. Roth Capital set a $2.50 price target on BRC in a report on Wednesday, March 5th. Finally, DA Davidson reiterated a "buy" rating and set a $3.00 price objective on shares of BRC in a report on Wednesday, March 19th.

Hedge Funds Weigh In On BRC

A number of large investors have recently modified their holdings of the business. Millennium Management LLC raised its holdings in BRC by 1,018.3% during the fourth quarter. Millennium Management LLC now owns 1,798,148 shares of the company's stock worth $5,700,000 after acquiring an additional 1,637,357 shares in the last quarter. Engaged Capital LLC raised its position in shares of BRC by 5.3% in the third quarter. Engaged Capital LLC now owns 13,535,560 shares of the company's stock valued at $46,292,000 after purchasing an additional 684,542 shares during the period. Verition Fund Management LLC boosted 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 buying an additional 485,896 shares during the period. D. E. Shaw & Co. Inc. grew its stake in BRC by 697.0% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 445,764 shares of the company's stock valued at $1,413,000 after buying an additional 389,833 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new position in BRC in the 4th quarter valued at about $872,000. 16.29% of the stock is currently owned by institutional investors and hedge funds.

BRC Stock Up 3.4 %

Shares of NYSE:BRCC traded up $0.07 during trading on Friday, hitting $2.11. 142,774 shares of the company's stock traded hands, compared to its average volume of 851,572. The company has a 50-day moving average price of $2.42 and a 200-day moving average price of $2.90. BRC has a 52 week low of $1.93 and a 52 week high of $7.14. The company has a current ratio of 1.14, a quick ratio of 0.58 and a debt-to-equity ratio of 0.92. The company has a market cap of $449.52 million, a price-to-earnings ratio of -26.38 and a beta of 1.09.

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.