BRC Inc. (NYSE:BRCC) Receives Average Recommendation of "Moderate Buy" from Brokerages

Shares of BRC Inc. (NYSE:BRCC - Get Free Report) have been given an average recommendation of "Moderate Buy" by the six brokerages that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $6.63.

BRCC has been the topic of a number of recent research reports. Roth Mkm cut BRC from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $8.00 to $4.00 in a report on Friday, August 9th. Roth Capital downgraded shares of BRC from a "strong-buy" rating to a "hold" rating in a report on Friday, August 9th. Telsey Advisory Group reduced their price objective on shares of BRC from $8.00 to $6.00 and set an "outperform" rating for the company in a research note on Friday, August 9th. Finally, DA Davidson reiterated a "buy" rating and issued a $5.50 target price on shares of BRC in a research note on Wednesday, September 18th.

Insider Activity at BRC

In other news, Director Thomas E. Davin sold 10,884 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $3.81, for a total value of $41,468.04. Following the transaction, the director now owns 15,851 shares of the company's stock, valued at $60,392.31. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other BRC news, Director Thomas E. Davin sold 10,884 shares of BRC stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $3.81, for a total transaction of $41,468.04. Following the completion of the sale, the director now owns 15,851 shares of the company's stock, valued at $60,392.31. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Evan Hafer sold 1,000,000 shares of the company's stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $3.17, for a total value of $3,170,000.00. The disclosure for this sale can be found here. Insiders have sold 4,010,884 shares of company stock valued at $12,811,468 over the last three months. 73.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BRC

A number of hedge funds have recently made changes to their positions in the business. Blair William & Co. IL bought a new stake in shares of BRC in the 1st quarter valued at about $731,000. Wasatch Advisors LP lifted its position in BRC by 334.0% in the first quarter. Wasatch Advisors LP now owns 1,459,418 shares of the company's stock valued at $6,246,000 after purchasing an additional 1,123,157 shares during the last quarter. Comerica Bank boosted its stake in shares of BRC by 316.4% during the first quarter. Comerica Bank now owns 6,054 shares of the company's stock valued at $26,000 after purchasing an additional 4,600 shares during the period. Cubist Systematic Strategies LLC bought a new position in shares of BRC in the second quarter worth approximately $1,084,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of BRC in the first quarter worth $45,000. 16.29% of the stock is currently owned by institutional investors.

BRC Stock Performance

BRCC traded down $0.06 during trading hours on Friday, hitting $3.24. The stock had a trading volume of 468,186 shares, compared to its average volume of 901,397. BRC has a 1 year low of $2.60 and a 1 year high of $7.14. The company's fifty day simple moving average is $3.65 and its 200 day simple moving average is $4.72. The stock has a market cap of $687.90 million, a PE ratio of -18.00 and a beta of 1.15. The company has a quick ratio of 0.59, a current ratio of 1.07 and a debt-to-equity ratio of 1.01.

BRC (NYSE:BRCC - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported ($0.01) EPS for the quarter, meeting analysts' consensus estimates of ($0.01). The company had revenue of $89.02 million for the quarter, compared to analysts' expectations of $101.54 million. BRC had a negative net margin of 1.88% and a positive return on equity of 17.53%. During the same period in the prior year, the company posted ($0.03) EPS. Equities analysts anticipate that BRC will post -0.02 earnings per share for the current year.

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.