BRC Inc. (NYSE:BRCC) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of BRC Inc. (NYSE:BRCC) have earned an average rating of “Hold” from the five ratings firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $2.50.

BRCC has been the topic of a number of recent analyst reports. Wall Street Zen raised BRC from a “sell” rating to a “hold” rating in a report on Monday, September 29th. Telsey Advisory Group reissued an “outperform” rating and set a $2.50 target price on shares of BRC in a research note on Tuesday, November 4th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of BRC in a report on Wednesday, October 8th.

Insider Buying and Selling at BRC

In related news, Director Steven Taslitz bought 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The stock was purchased at an average price of $1.28 per share, for a total transaction of $128,000.00. Following the completion of the transaction, the director owned 451,184 shares in the company, valued at $577,515.52. The trade was a 28.48% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 73.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BRCC. Alyeska Investment Group L.P. bought a new stake in shares of BRC in the third quarter worth about $16,206,000. Cresset Asset Management LLC increased its stake in BRC by 30.3% in the 2nd quarter. Cresset Asset Management LLC now owns 4,297,158 shares of the company’s stock worth $5,629,000 after acquiring an additional 1,000,000 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of BRC by 50.9% during the 3rd quarter. Vanguard Group Inc. now owns 4,152,681 shares of the company’s stock worth $6,478,000 after acquiring an additional 1,399,833 shares in the last quarter. QVIDTVM Management LLC boosted its position in shares of BRC by 1.2% during the 3rd quarter. QVIDTVM Management LLC now owns 3,340,681 shares of the company’s stock valued at $5,211,000 after acquiring an additional 39,000 shares during the last quarter. Finally, Nantahala Capital Management LLC bought a new stake in BRC in the third quarter worth $4,104,000. Institutional investors own 16.29% of the company’s stock.

BRC Stock Performance

BRCC opened at $1.22 on Wednesday. The firm has a market cap of $301.93 million, a P/E ratio of -8.68 and a beta of 0.90. BRC has a 1-year low of $1.17 and a 1-year high of $3.34. The company has a 50 day simple moving average of $1.29 and a two-hundred day simple moving average of $1.48. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.34 and a quick ratio of 0.68.

BRC (NYSE:BRCC) last announced its quarterly earnings data on Monday, November 3rd. The company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). BRC had a negative net margin of 2.86% and a negative return on equity of 11.48%. The firm had revenue of $100.71 million for the quarter, compared to the consensus estimate of $101.80 million. Equities analysts forecast that BRC will post -0.02 earnings per share for the current fiscal 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.