BRC (NYSE:BRCC) Shares Up 3.3% - Still a Buy?

BRC Inc. (NYSE:BRCC - Get Free Report)'s share price was up 3.3% during mid-day trading on Monday . The company traded as high as $3.15 and last traded at $3.15. Approximately 248,287 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 877,201 shares. The stock had previously closed at $3.05.

Analysts Set New Price Targets

Several equities analysts have recently commented on BRCC shares. Telsey Advisory Group reaffirmed an "outperform" rating and set a $6.00 price objective on shares of BRC in a research note on Thursday, October 31st. Roth Mkm restated a "neutral" rating and set a $3.50 price target (down previously from $4.00) on shares of BRC in a report on Wednesday, November 6th. Finally, DA Davidson reiterated a "buy" rating and issued a $5.50 price objective on shares of BRC in a report on Wednesday, September 18th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, BRC currently has a consensus rating of "Moderate Buy" and a consensus price target of $6.50.

BRC Price Performance

The company has a market cap of $659.50 million, a PE ratio of -38.75 and a beta of 1.14. The firm's 50-day moving average is $3.06 and its 200-day moving average is $4.06. 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 (NYSE:BRCC - Get Free Report) last posted its earnings results 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 firm had revenue of $98.20 million for the quarter, compared to the consensus estimate of $95.06 million. BRC had a positive return on equity of 23.35% and a negative net margin of 1.22%. During the same quarter in the prior year, the business earned ($0.05) EPS. On average, equities analysts anticipate that BRC Inc. will post -0.02 EPS for the current year.

Hedge Funds Weigh In On BRC

A number of institutional investors have recently added to or reduced their stakes in the company. Barclays PLC grew its holdings in BRC by 325.9% in the third quarter. Barclays PLC now owns 74,967 shares of the company's stock worth $257,000 after purchasing an additional 57,366 shares during the period. Geode Capital Management LLC boosted its position in shares of BRC by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,073,638 shares of the company's stock worth $3,673,000 after purchasing an additional 10,100 shares in the last quarter. State Street Corp grew its stake in shares of BRC by 3.2% in the 3rd quarter. State Street Corp now owns 955,717 shares of the company's stock worth $3,269,000 after buying an additional 29,596 shares during the last quarter. Quadrature Capital Ltd bought a new position in BRC during the 3rd quarter valued at approximately $75,000. Finally, 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 valued at $91,000 after buying an additional 16,661 shares during the last quarter. Institutional investors 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.