BRC Inc. (NYSE:BRCC - Get Free Report) shares rose 6% on Monday . The company traded as high as $2.77 and last traded at $2.74. Approximately 165,204 shares were traded during trading, a decline of 72% from the average daily volume of 600,246 shares. The stock had previously closed at $2.58.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on BRCC. Telsey Advisory Group reissued an "outperform" rating and issued a $6.00 price target on shares of BRC in a research note on Tuesday. DA Davidson decreased their target price on BRC from $5.00 to $3.00 and set a "buy" rating for the company in a research report on Wednesday. Finally, Roth Mkm reaffirmed a "neutral" rating and issued a $2.50 price target (down from $3.50) on shares of BRC in a research note on Wednesday. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, BRC presently has an average rating of "Moderate Buy" and an average price target of $5.63.
View Our Latest Stock Analysis on BRC
BRC Stock Down 1.6 %
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 company has a fifty day simple moving average of $2.78 and a 200 day simple moving average of $3.16. The firm has a market capitalization of $449.95 million, a P/E ratio of -26.44 and a beta of 1.09.
Institutional Trading of BRC
A number of institutional investors and hedge funds have recently bought and sold shares of BRCC. Wolverine Trading LLC lifted its stake in shares of BRC by 48.3% in the fourth quarter. Wolverine Trading LLC now owns 18,221 shares of the company's stock worth $56,000 after buying an additional 5,936 shares in the last quarter. State of Wyoming lifted its position in BRC by 599.7% in the 4th quarter. State of Wyoming now owns 66,680 shares of the company's stock valued at $211,000 after acquiring an additional 57,150 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in BRC during the 4th quarter valued at $30,000. Point72 Asset Management L.P. bought a new stake in shares of BRC in the 4th quarter worth $872,000. Finally, ProShare Advisors LLC bought a new position in shares of BRC during the fourth quarter valued at $47,000. 16.29% of the stock is currently owned by institutional investors.
About BRC
(
Get Free Report)
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.
Read More
Before you consider BRC, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BRC wasn't on the list.
While BRC currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
