BRC Inc. (NYSE:BRCC) Given Average Rating of "Moderate Buy" by Analysts

BRC Inc. (NYSE:BRCC - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the six ratings firms that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $4.60.

A number of equities research analysts have issued reports on the stock. DA Davidson reaffirmed a "buy" rating and issued a $3.00 price objective on shares of BRC in a research report on Wednesday, March 19th. Roth Mkm reaffirmed a "neutral" rating and set a $2.50 price target (down from $3.50) on shares of BRC in a research report on Wednesday, March 5th. Roth Capital set a $2.50 price target on BRC in a report on Wednesday, March 5th. Finally, Telsey Advisory Group set a $4.00 price target on shares of BRC in a report on Wednesday, March 5th.

BRC Stock Down 0.2 %

BRCC traded down $0.01 during mid-day trading on Wednesday, reaching $2.30. 103,842 shares of the stock were exchanged, compared to its average volume of 860,637. BRC has a 1 year low of $1.89 and a 1 year high of $7.14. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.58 and a current ratio of 1.14. The stock has a market capitalization of $488.93 million, a PE ratio of -28.69 and a beta of 1.16. The company has a 50 day moving average price of $2.19 and a two-hundred day moving average price of $2.72.

Institutional Investors Weigh In On BRC

A number of institutional investors and hedge funds have recently made changes to their positions in BRCC. HighTower Advisors LLC increased its position in shares of BRC by 153.4% in the third quarter. HighTower Advisors LLC now owns 27,521 shares of the company's stock worth $91,000 after purchasing an additional 16,661 shares during the last quarter. State Street Corp increased its holdings in shares of BRC by 3.2% in the 3rd quarter. State Street Corp now owns 955,717 shares of the company's stock worth $3,269,000 after buying an additional 29,596 shares during the last quarter. Barclays PLC raised its position in shares of BRC by 325.9% during the 3rd quarter. Barclays PLC now owns 74,967 shares of the company's stock valued at $257,000 after buying an additional 57,366 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of BRC by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,073,638 shares of the company's stock worth $3,673,000 after acquiring an additional 10,100 shares during the last quarter. Finally, Smith Thornton Advisors LLC grew its position in BRC by 41.7% in the fourth quarter. Smith Thornton Advisors LLC now owns 18,521 shares of the company's stock worth $59,000 after acquiring an additional 5,446 shares in the last quarter. Hedge funds and other institutional investors 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.