BRC Inc. (NYSE:BRCC) Given Average Recommendation of “Moderate Buy” by Analysts

BRC Inc. (NYSE:BRCC) has been given a consensus rating of “Moderate Buy” by the six research firms that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $4.60.

BRCC has been the topic of a number of research analyst reports. Roth Mkm reissued a “neutral” rating and issued a $2.50 price target (down from $3.50) on shares of BRC in a report on Wednesday, March 5th. Telsey Advisory Group set a $4.00 price target on shares of BRC in a report on Wednesday, March 5th. DA Davidson reissued a “buy” rating and issued a $3.00 price target on shares of BRC in a research note on Wednesday, March 19th. Finally, Roth Capital set a $2.50 target price on BRC in a research note on Wednesday, March 5th.

Hedge Funds Weigh In On BRC

Several institutional investors have recently made changes to their positions in the business. Engaged Capital LLC lifted its position in shares of BRC by 5.3% in the third quarter. Engaged Capital LLC now owns 13,535,560 shares of the company’s stock valued at $46,292,000 after acquiring an additional 684,542 shares in the last quarter. Verition Fund Management LLC lifted its holdings in shares of BRC by 4,294.3% in the 3rd quarter. Verition Fund Management LLC now owns 497,211 shares of the company’s stock worth $1,700,000 after acquiring an additional 485,896 shares during the last quarter. Barclays PLC lifted its position in shares of BRC by 325.9% during the third quarter. Barclays PLC now owns 74,967 shares of the company’s stock worth $257,000 after purchasing an additional 57,366 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of BRC in the fourth quarter worth about $61,000. Finally, State Street Corp raised its stake in shares of BRC by 3.2% during the third quarter. State Street Corp now owns 955,717 shares of the company’s stock valued at $3,269,000 after acquiring an additional 29,596 shares in the last quarter. Institutional investors own 16.29% of the company’s stock.

BRC Stock Performance

BRCC opened at $2.12 on Friday. BRC has a 1-year low of $1.93 and a 1-year high of $7.14. The company has a market cap of $450.59 million, a price-to-earnings ratio of -26.44 and a beta of 1.09. The company has a current ratio of 1.14, a quick ratio of 0.58 and a debt-to-equity ratio of 0.92. The company’s fifty day moving average price is $2.45 and its two-hundred day moving average price is $2.92.

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.