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

Shares of BRC Inc. (NYSE:BRCC) have received an average rating of “Moderate Buy” from 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 12-month price target among analysts that have issued a report on the stock in the last year is $6.50.

BRCC has been the subject of several research analyst reports. Roth Mkm reaffirmed a “neutral” rating and issued a $3.50 target price (down from $4.00) on shares of BRC in a research report on Wednesday, November 6th. Telsey Advisory Group restated an “outperform” rating and issued a $6.00 price objective on shares of BRC in a report on Tuesday.

Institutional Trading of BRC

Institutional investors have recently bought and sold shares of the company. Millennium Management LLC lifted its position in BRC by 1,018.3% in the 4th quarter. Millennium Management LLC now owns 1,798,148 shares of the company’s stock valued at $5,700,000 after acquiring an additional 1,637,357 shares in the last quarter. Engaged Capital LLC increased its holdings in BRC by 5.3% in the 3rd quarter. Engaged Capital LLC now owns 13,535,560 shares of the company’s stock worth $46,292,000 after buying an additional 684,542 shares in the last quarter. QVIDTVM Management LLC raised its position in BRC by 24.2% in the 3rd quarter. QVIDTVM Management LLC now owns 3,219,929 shares of the company’s stock worth $11,012,000 after buying an additional 627,653 shares during the last quarter. Verition Fund Management LLC lifted its stake in BRC by 4,294.3% during the 3rd quarter. Verition Fund Management LLC now owns 497,211 shares of the company’s stock valued at $1,700,000 after acquiring an additional 485,896 shares during the period. Finally, D. E. Shaw & Co. Inc. lifted its stake in BRC by 697.0% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 445,764 shares of the company’s stock valued at $1,413,000 after acquiring an additional 389,833 shares during the period. 16.29% of the stock is owned by hedge funds and other institutional investors.

BRC Stock Up 0.4 %

Shares of NYSE:BRCC opened at $2.59 on Tuesday. BRC has a 1 year low of $2.41 and a 1 year high of $7.14. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.14 and a quick ratio of 0.58. The stock’s 50-day moving average is $2.82 and its 200 day moving average is $3.18. The company has a market cap of $551.00 million, a PE ratio of -32.38 and a beta of 1.09.

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.