BRC (NYSE:BRCC) Shares Up 4.5% – Time to Buy?

BRC Inc. (NYSE:BRCC) rose 4.5% during trading on Monday . The company traded as high as $2.69 and last traded at $2.69. Approximately 153,591 shares were traded during trading, a decline of 75% from the average daily volume of 618,776 shares. The stock had previously closed at $2.57.

Analysts Set New Price Targets

BRCC has been the subject of several recent research reports. Telsey Advisory Group reissued an “outperform” rating and issued a $6.00 price objective on shares of BRC in a report on Thursday, October 31st. Roth Mkm reiterated a “neutral” rating and issued a $3.50 target price (down previously from $4.00) on shares of BRC in a research note on Wednesday, November 6th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, BRC presently has an average rating of “Moderate Buy” and a consensus target price of $6.50.

BRC Stock Performance

The company’s fifty day simple moving average is $2.86 and its 200 day simple moving average is $3.23. The stock has a market capitalization of $569.08 million, a P/E ratio of -33.44 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.

Institutional Trading of BRC

Several institutional investors and hedge funds have recently modified their holdings of the business. Jones Financial Companies Lllp grew its holdings in shares of BRC by 106.0% during the fourth quarter. Jones Financial Companies Lllp now owns 9,011 shares of the company’s stock worth $29,000 after purchasing an additional 4,637 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of BRC in the 4th quarter worth $30,000. Smith Thornton Advisors LLC bought a new position in shares of BRC in the 3rd quarter worth $45,000. ProShare Advisors LLC purchased a new stake in shares of BRC during the 4th quarter valued at $47,000. Finally, Ameriprise Financial Inc. bought a new stake in shares of BRC during the 4th quarter worth $47,000. Hedge funds and other institutional investors own 16.29% of the company’s stock.

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.