BRC (NYSE:BRCC) Given Outperform Rating at Telsey Advisory Group

BRC (NYSE:BRCC - Get Free Report)'s stock had its "outperform" rating reaffirmed by research analysts at Telsey Advisory Group in a research note issued to investors on Thursday, Benzinga reports. They presently have a $6.00 price target on the stock. Telsey Advisory Group's price objective indicates a potential upside of 91.69% from the company's current price.

Several other research firms also recently weighed in on BRCC. Roth Capital downgraded shares of BRC from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 9th. Roth Mkm downgraded shares of BRC from a "buy" rating to a "neutral" rating and decreased their price target for the company from $8.00 to $4.00 in a research note on Friday, August 9th. Finally, DA Davidson reaffirmed a "buy" rating and issued a $5.50 price target on shares of BRC in a research note on Wednesday, September 18th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $6.63.

BRC Trading Down 0.9 %

NYSE BRCC traded down $0.03 during mid-day trading on Thursday, reaching $3.13. 468,666 shares of the stock were exchanged, compared to its average volume of 894,127. BRC has a one year low of $2.60 and a one year high of $7.14. The stock has a 50 day simple moving average of $3.59 and a 200-day simple moving average of $4.69. The stock has a market cap of $665.20 million, a P/E ratio of -26.08 and a beta of 1.15. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.07 and a quick ratio of 0.59.

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

Insider Buying and Selling at BRC

In other news, Director Thomas E. Davin sold 10,884 shares of the business's stock in a transaction that occurred 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 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other BRC news, Director Evan Hafer sold 1,000,000 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $3.17, for a total transaction of $3,170,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas E. Davin sold 10,884 shares of the firm's 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 directly owns 15,851 shares of the company's stock, valued at approximately $60,392.31. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,010,884 shares of company stock worth $12,811,468 over the last three months. 73.80% of the stock is currently owned by insiders.

Institutional Trading of BRC

A number of institutional investors have recently made changes to their positions in BRCC. nVerses Capital LLC purchased a new position in BRC in the second quarter worth about $28,000. Comerica Bank lifted its stake in BRC by 316.4% in the first quarter. Comerica Bank now owns 6,054 shares of the company's stock worth $26,000 after purchasing an additional 4,600 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in BRC in the first quarter worth about $45,000. United Asset Strategies Inc. purchased a new stake in shares of BRC in the third quarter worth approximately $50,000. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of BRC by 32.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,464 shares of the company's stock worth $125,000 after acquiring an additional 5,064 shares during the last quarter. Hedge funds and other institutional investors own 16.29% of the company's stock.

BRC Company Profile

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.