BRC Inc. (NYSE:BRCC) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• BRC Inc. has received a consensus recommendation of "Hold" from five research firms, with one rating as a sell, two as hold, and two as buy.
• Insider purchases have occurred, with Director Glenn W. Welling buying 400,000 shares and Director Steven Taslitz acquiring 100,000 shares, reflecting confidence in the company's outlook.
• The company's stock price is currently at $1.57, with a 1-year trading range between $1.19 and $3.59, and the market cap stands at approximately $388.48 million.

Shares of BRC Inc. (NYSE:BRCC - Get Free Report) have been given a consensus rating of "Hold" by the five research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $2.8750.

Several equities research analysts recently commented on the stock. Weiss Ratings reiterated a "sell (e+)" rating on shares of BRC in a research report on Saturday, September 27th. Telsey Advisory Group reiterated an "outperform" rating and issued a $4.00 price objective on shares of BRC in a research report on Tuesday, August 5th. Finally, Wall Street Zen upgraded shares of BRC from a "sell" rating to a "hold" rating in a research report on Monday.

Insider Buying and Selling at BRC

In other news, Director Glenn W. Welling bought 400,000 shares of BRC stock in a transaction on Friday, July 18th. The shares were bought at an average cost of $1.25 per share, for a total transaction of $500,000.00. Following the acquisition, the director owned 13,935,560 shares in the company, valued at approximately $17,419,450. This trade represents a 2.96% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Steven Taslitz bought 100,000 shares of BRC stock in a transaction on Thursday, August 7th. The stock was purchased at an average price of $1.31 per share, for a total transaction of $131,000.00. Following the completion of the acquisition, the director owned 1,786,203 shares in the company, valued at $2,339,925.93. This represents a 5.93% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 676,000 shares of company stock valued at $851,000 over the last 90 days. 69.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Cresset Asset Management LLC increased its stake in shares of BRC by 5.6% during the 1st quarter. Cresset Asset Management LLC now owns 3,297,158 shares of the company's stock valued at $6,891,000 after acquiring an additional 175,343 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of BRC by 204.5% during the 1st 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. Cerity Partners LLC acquired a new position in shares of BRC during the 1st quarter valued at about $518,000. Ameriprise Financial Inc. acquired a new position in shares of BRC during the 4th quarter valued at about $47,000. Finally, Nuveen LLC acquired a new position in shares of BRC during the 1st quarter valued at about $257,000. Institutional investors and hedge funds own 16.29% of the company's stock.

BRC Price Performance

Shares of NYSE:BRCC traded up $0.04 on Friday, reaching $1.57. 439,696 shares of the company were exchanged, compared to its average volume of 877,024. The company has a current ratio of 1.29, a quick ratio of 0.70 and a debt-to-equity ratio of 1.97. BRC has a 1-year low of $1.19 and a 1-year high of $3.59. The firm has a market cap of $388.48 million, a price-to-earnings ratio of -10.43 and a beta of 0.92. The company has a 50-day moving average of $1.58 and a 200-day moving average of $1.75.

BRC (NYSE:BRCC - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.04). BRC had a negative return on equity of 12.88% and a negative net margin of 2.89%.The business had revenue of $94.84 million during the quarter, compared to analysts' expectations of $91.78 million. BRC has set its FY 2025 guidance at EPS. Equities analysts forecast that BRC will post -0.02 earnings per share for the current fiscal year.

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.

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