BRC’s (BRCC) Outperform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reiterated their outperform rating on shares of BRC (NYSE:BRCC) in a research note published on Monday morning,Benzinga reports. The firm currently has a $4.00 target price on the stock.

A number of other research analysts have also commented on the company. Roth Capital set a $2.00 price objective on BRC and gave the company a “neutral” rating in a report on Wednesday, May 7th. Roth Mkm restated a “neutral” rating and set a $2.50 price target (down from $3.50) on shares of BRC in a report on Wednesday, March 5th. Finally, DA Davidson restated a “buy” rating and set a $3.00 target price on shares of BRC in a research note on Wednesday, March 19th.

BRC Trading Down 4.8%

BRC stock opened at $1.30 on Monday. The stock has a market cap of $276.12 million, a P/E ratio of -14.39 and a beta of 1.01. BRC has a 12 month low of $1.29 and a 12 month high of $6.83. The company has a quick ratio of 0.61, a current ratio of 1.30 and a debt-to-equity ratio of 1.50. The company’s fifty day simple moving average is $1.83 and its 200-day simple moving average is $2.32.

BRC (NYSE:BRCC) last released its quarterly earnings data on Monday, May 5th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The firm had revenue of $89.97 million during the quarter, compared to analyst estimates of $88.08 million. BRC had a negative return on equity of 2.09% and a negative net margin of 1.67%. As a group, sell-side analysts forecast that BRC will post -0.02 EPS for the current fiscal year.

Institutional Trading of BRC

Several institutional investors have recently modified their holdings of BRCC. Price T Rowe Associates Inc. MD increased its holdings in BRC by 24.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 22,233 shares of the company’s stock valued at $71,000 after buying an additional 4,364 shares during the period. Jones Financial Companies Lllp raised its position in BRC by 106.0% in 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. Wolverine Trading LLC boosted its holdings in BRC by 48.3% during the fourth quarter. Wolverine Trading LLC now owns 18,221 shares of the company’s stock valued at $56,000 after purchasing an additional 5,936 shares in the last quarter. Intech Investment Management LLC boosted its holdings in BRC by 39.8% during the fourth quarter. Intech Investment Management LLC now owns 23,018 shares of the company’s stock valued at $73,000 after purchasing an additional 6,549 shares in the last quarter. Finally, MetLife Investment Management LLC grew its stake in shares of BRC by 36.5% in the 4th quarter. MetLife Investment Management LLC now owns 25,036 shares of the company’s stock valued at $79,000 after purchasing an additional 6,700 shares during the period. Institutional investors and hedge funds own 16.29% of the company’s stock.

BRC Company Profile

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.