Telsey Advisory Group Reaffirms "Outperform" Rating for BRC (NYSE:BRCC)

Telsey Advisory Group reiterated their outperform rating on shares of BRC (NYSE:BRCC - Free Report) in a report published on Tuesday,Benzinga reports. Telsey Advisory Group currently has a $6.00 price target on the stock.

Separately, Roth Mkm reissued a "neutral" rating and issued a $3.50 price target (down previously from $4.00) on shares of BRC in a research note on Wednesday, November 6th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $5.63.

BRC Stock Performance

Shares of NYSE BRCC traded up $0.02 during midday trading on Tuesday, hitting $2.14. 561,089 shares of the company's stock were exchanged, compared to its average volume of 889,390. BRC has a twelve month low of $2.01 and a twelve month high of $7.14. The firm has a market cap of $454.21 million, a P/E ratio of -26.69 and a beta of 1.09. The stock's 50 day moving average price is $2.77 and its 200-day moving average price is $3.15. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.14 and a quick ratio of 0.58.

Institutional Investors Weigh In On BRC

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BRCC. Jones Financial Companies Lllp increased its position 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 valued at $29,000 after purchasing an additional 4,637 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in BRC during the fourth quarter valued at about $30,000. Smith Thornton Advisors LLC acquired a new position in BRC during the third quarter worth about $45,000. Ameriprise Financial Inc. bought a new stake in BRC in the fourth quarter worth about $47,000. Finally, ProShare Advisors LLC bought a new stake in BRC in the fourth quarter worth about $47,000. Institutional investors own 16.29% of the company's stock.

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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.