BRC (NYSE:BRCC) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of BRC (NYSE:BRCC) from a sell rating to a hold rating in a research report sent to investors on Monday.

Separately, Telsey Advisory Group reaffirmed an “outperform” rating and set a $4.00 price objective on shares of BRC in a research note on Tuesday, August 5th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, BRC has a consensus rating of “Moderate Buy” and a consensus price target of $2.88.

BRC Trading Up 0.3%

BRCC stock opened at $1.57 on Monday. The company has a market cap of $388.48 million, a P/E ratio of -10.43 and a beta of 0.92. BRC has a twelve month low of $1.19 and a twelve month high of $3.59. The company has a quick ratio of 0.70, a current ratio of 1.29 and a debt-to-equity ratio of 1.97. The business has a fifty day moving average of $1.59 and a 200-day moving average of $1.76.

BRC (NYSE:BRCC) last released its earnings results on Monday, August 4th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04). The firm had revenue of $94.84 million for the quarter, compared to the consensus estimate of $91.78 million. BRC had a negative return on equity of 12.88% and a negative net margin of 2.89%. BRC has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that BRC will post -0.02 EPS for the current year.

Insider Transactions at BRC

In other news, Director Stephen M. Kadenacy purchased 80,000 shares of the business’s stock in a transaction dated Friday, July 18th. The shares were bought at an average cost of $1.25 per share, for a total transaction of $100,000.00. Following the completion of the acquisition, the director directly owned 1,068,482 shares in the company, valued at approximately $1,335,602.50. This trade represents a 8.09% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Evan Hafer bought 80,000 shares of the stock in a transaction that occurred on Friday, July 18th. The stock was bought at an average cost of $1.25 per share, for a total transaction of $100,000.00. Following the transaction, the director owned 80,000 shares of the company’s stock, valued at $100,000. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 676,000 shares of company stock valued at $851,000. 69.00% of the stock is currently owned by company insiders.

Institutional Trading of BRC

A number of hedge funds and other institutional investors have recently modified their holdings of BRCC. Cresset Asset Management LLC increased its position in shares of BRC by 30.3% in the second quarter. Cresset Asset Management LLC now owns 4,297,158 shares of the company’s stock valued at $5,629,000 after acquiring an additional 1,000,000 shares during the last quarter. Osaic Holdings Inc. increased its position in shares of BRC by 779.4% in the second quarter. Osaic Holdings Inc. now owns 563,840 shares of the company’s stock valued at $739,000 after acquiring an additional 499,722 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of BRC by 204.5% in the first quarter. Goldman Sachs Group Inc. now owns 651,251 shares of the company’s stock valued at $1,361,000 after acquiring an additional 437,359 shares during the last quarter. Marshall Wace LLP increased its position in shares of BRC by 1,922.7% in the second quarter. Marshall Wace LLP now owns 326,307 shares of the company’s stock valued at $427,000 after acquiring an additional 310,175 shares during the last quarter. Finally, Cerity Partners LLC acquired a new position in BRC during the first quarter worth approximately $518,000. Institutional investors and hedge funds 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.