BRC (NYSE:BRCC) Stock Price Up 4.5% - What's Next?

BRC Inc. (NYSE:BRCC - Get Free Report)'s stock price shot up 4.5% on Monday . The company traded as high as $2.69 and last traded at $2.69. 153,591 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 618,776 shares. The stock had previously closed at $2.57.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Roth Mkm reissued a "neutral" rating and set a $3.50 price objective (down previously from $4.00) on shares of BRC in a research note on Wednesday, November 6th. Telsey Advisory Group reissued an "outperform" rating and set a $6.00 price target on shares of BRC in a research note on Thursday, October 31st. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $6.50.

BRC Trading Down 1.0 %

The company has a quick ratio of 0.58, a current ratio of 1.14 and a debt-to-equity ratio of 0.92. The business's fifty day moving average is $2.84 and its 200-day moving average is $3.21. The stock has a market capitalization of $526.54 million, a PE ratio of -30.94 and a beta of 1.09.

Institutional Investors Weigh In On BRC

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its holdings in shares of BRC by 106.0% during the 4th quarter. Jones Financial Companies Lllp now owns 9,011 shares of the company's stock worth $29,000 after purchasing an additional 4,637 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in BRC during the fourth quarter valued at approximately $30,000. Smith Thornton Advisors LLC purchased a new stake in BRC during the third quarter worth approximately $45,000. ProShare Advisors LLC acquired a new stake in shares of BRC in the fourth quarter worth $47,000. Finally, Ameriprise Financial Inc. purchased a new position in shares of BRC in the 4th quarter valued at $47,000. 16.29% of the stock is currently owned by institutional investors and hedge funds.

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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.