BRC (NYSE:BRCC - Get Free Report)'s stock had its "neutral" rating reiterated by stock analysts at Roth Mkm in a report issued on Wednesday,Benzinga reports. They currently have a $2.50 target price on the stock, down from their previous target price of $3.50. Roth Mkm's price target would suggest a potential upside of 17.10% from the company's current price.
Separately, Telsey Advisory Group reaffirmed an "outperform" rating and set a $6.00 price objective on shares of BRC in a report on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $5.63.
Read Our Latest Stock Analysis on BRCC
BRC Price Performance
BRCC stock traded up $0.02 during midday trading on Wednesday, hitting $2.14. The company's stock had a trading volume of 561,089 shares, compared to its average volume of 878,210. The firm has a market capitalization of $454.21 million, a price-to-earnings ratio of -26.69 and a beta of 1.09. BRC has a 12 month low of $2.01 and a 12 month high of $7.14. The company has a 50 day moving average of $2.75 and a two-hundred day moving average of $3.14. The company has a quick ratio of 0.58, a current ratio of 1.14 and a debt-to-equity ratio of 0.92.
Institutional Trading of BRC
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Engaged Capital LLC raised its holdings in BRC by 5.3% during the 3rd quarter. Engaged Capital LLC now owns 13,535,560 shares of the company's stock valued at $46,292,000 after buying an additional 684,542 shares during the period. QVIDTVM Management LLC raised its holdings in BRC by 24.2% during the 3rd quarter. QVIDTVM Management LLC now owns 3,219,929 shares of the company's stock valued at $11,012,000 after buying an additional 627,653 shares during the period. Verition Fund Management LLC raised its holdings in BRC by 4,294.3% during the 3rd quarter. Verition Fund Management LLC now owns 497,211 shares of the company's stock valued at $1,700,000 after buying an additional 485,896 shares during the period. Barclays PLC raised its holdings in BRC by 325.9% during the 3rd quarter. Barclays PLC now owns 74,967 shares of the company's stock valued at $257,000 after buying an additional 57,366 shares during the period. Finally, State Street Corp raised its holdings in 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. Hedge funds and other institutional investors own 16.29% of the company's stock.
About BRC
(
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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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