BRC Inc. (NYSE:BRCC) Receives Consensus Recommendation of "Moderate Buy" from Analysts

BRC Inc. (NYSE:BRCC - Get Free Report) has received an average rating of "Moderate Buy" from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $4.60.

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

BRC Stock Performance

BRCC opened at $2.20 on Wednesday. The company has a market cap of $467.63 million, a price-to-earnings ratio of -27.44 and a beta of 1.16. The firm's fifty day simple moving average is $2.21 and its two-hundred day simple moving average is $2.75. The company has a quick ratio of 0.58, a current ratio of 1.14 and a debt-to-equity ratio of 0.92. BRC has a 52-week low of $1.89 and a 52-week high of $7.14.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. HighTower Advisors LLC raised its stake in BRC by 153.4% during the third quarter. HighTower Advisors LLC now owns 27,521 shares of the company's stock worth $91,000 after purchasing an additional 16,661 shares during the period. State Street Corp raised its position in shares of BRC by 3.2% during the 3rd quarter. State Street Corp now owns 955,717 shares of the company's stock valued at $3,269,000 after buying an additional 29,596 shares during the period. Barclays PLC lifted its holdings in 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 acquiring an additional 57,366 shares during the last quarter. Geode Capital Management LLC grew its position in BRC by 0.9% in the third 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 during the period. Finally, Smith Thornton Advisors LLC increased its stake in BRC by 41.7% during the fourth quarter. Smith Thornton Advisors LLC now owns 18,521 shares of the company's stock worth $59,000 after acquiring an additional 5,446 shares during the last quarter. 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.

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