BRC Inc. (NYSE:BRCC) Receives $6.63 Average Price Target from Analysts

BRC Inc. (NYSE:BRCC) has earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $6.63.

Several equities analysts have weighed in on the stock. Roth Mkm lowered shares of BRC from a “buy” rating to a “neutral” rating and decreased their target price for the company from $8.00 to $4.00 in a report on Friday, August 9th. DA Davidson reiterated a “buy” rating and issued a $5.50 target price on shares of BRC in a report on Wednesday, September 18th. Roth Capital lowered shares of BRC from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $6.00 target price on shares of BRC in a report on Thursday.

Insider Activity

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 directly owns 15,851 shares of the company’s stock, valued at approximately $60,392.31. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Thomas E. Davin sold 10,884 shares of the company’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 transaction of $41,468.04. Following the sale, the director now directly 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 accessible through this hyperlink. Also, Director Evan Hafer sold 1,000,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $3.17, for a total transaction of $3,170,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,010,884 shares of company stock valued at $12,811,468. Company insiders own 73.80% of the company’s stock.

Institutional Investors Weigh In On BRC

Several large investors have recently added to or reduced their stakes in the business. Smith Thornton Advisors LLC purchased a new stake in BRC during the 3rd quarter worth approximately $45,000. United Asset Strategies Inc. purchased a new stake in BRC during the 3rd quarter worth approximately $50,000. Riverwater Partners LLC acquired a new position in BRC during the 3rd quarter worth approximately $1,091,000. Creative Planning acquired a new position in BRC during the 3rd quarter worth approximately $192,000. Finally, The Manufacturers Life Insurance Company grew its holdings in 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 in the last quarter. 16.29% of the stock is owned by hedge funds and other institutional investors.

BRC Stock Performance

Shares of BRC stock opened at $3.14 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.07 and a quick ratio of 0.59. The firm has a fifty day moving average price of $3.57 and a 200 day moving average price of $4.68. BRC has a 1 year low of $2.60 and a 1 year high of $7.14. The stock has a market cap of $666.25 million, a PE ratio of -26.12 and a beta of 1.15.

BRC (NYSE:BRCC) last announced its earnings results on Wednesday, August 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). The business had revenue of $89.02 million for the quarter, compared to analyst estimates 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 quarter last year, the business earned ($0.03) earnings per share. Equities research analysts predict 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.