DA Davidson restated their buy rating on shares of BRC (NYSE:BRCC - Free Report) in a report released on Wednesday,Benzinga reports. The brokerage currently has a $3.00 price objective on the stock.
Other equities research analysts have also recently issued research reports about the stock. Roth Mkm reaffirmed 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 price objective on shares of BRC in a research report on Wednesday, March 5th. Finally, Roth Capital set a $2.50 price objective on shares of BRC in a research report on Wednesday, March 5th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $4.60.
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BRC Price Performance
BRCC traded up $0.03 on Wednesday, hitting $2.19. 679,406 shares of the stock were exchanged, compared to its average volume of 854,455. BRC has a 12 month low of $1.93 and a 12 month high of $7.14. The business has a 50-day moving average of $2.54 and a two-hundred day moving average of $2.97. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.14 and a quick ratio of 0.58. The firm has a market capitalization of $465.50 million, a price-to-earnings ratio of -27.31 and a beta of 1.09.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in BRCC. Jones Financial Companies Lllp lifted its holdings in shares of BRC by 106.0% in the fourth quarter. Jones Financial Companies Lllp now owns 9,011 shares of the company's stock worth $29,000 after acquiring an additional 4,637 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in BRC in the 4th quarter valued at approximately $30,000. ProShare Advisors LLC bought a new position in BRC in the 4th quarter valued at approximately $47,000. Ameriprise Financial Inc. bought a new position in BRC in the 4th quarter valued at approximately $47,000. Finally, Lake Street Advisors Group LLC bought a new position in BRC in the 4th quarter valued at approximately $48,000. 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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