Telsey Advisory Group reissued their outperform rating on shares of BRC (NYSE:BRCC - Free Report) in a research note released on Thursday,Benzinga reports. They currently have a $4.00 target price on the stock.
Several other brokerages also recently weighed in on BRCC. Roth Mkm reaffirmed a "neutral" rating and issued a $2.50 target price (down previously from $3.50) on shares of BRC in a research report on Wednesday, March 5th. Roth Capital set a $2.50 price objective on shares of BRC in a research note on Wednesday, March 5th. Finally, DA Davidson reaffirmed a "buy" rating and set a $3.00 price target on shares of BRC in a research note on Wednesday, March 19th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, BRC presently has an average rating of "Moderate Buy" and a consensus target price of $4.60.
Check Out Our Latest Stock Analysis on BRC
BRC Stock Up 1.8 %
Shares of NYSE:BRCC traded up $0.04 during midday trading on Thursday, hitting $2.28. 762,729 shares of the company's stock traded hands, compared to its average volume of 861,296. The firm's fifty day moving average price is $2.16 and its two-hundred day moving average price is $2.69. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.58 and a current ratio of 1.14. BRC has a twelve month low of $1.89 and a twelve month high of $7.14. The company has a market cap of $485.74 million, a PE ratio of -28.50 and a beta of 1.16.
Institutional Trading of BRC
Several institutional investors and hedge funds have recently bought and sold shares of the company. Jones Financial Companies Lllp increased its holdings in shares of BRC by 106.0% in the 4th quarter. Jones Financial Companies Lllp now owns 9,011 shares of the company's stock valued at $29,000 after acquiring an additional 4,637 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in BRC during the fourth quarter valued at $30,000. Ameriprise Financial Inc. acquired a new stake in shares of BRC during the fourth quarter worth $47,000. ProShare Advisors LLC bought a new position in shares of BRC in the 4th quarter worth about $47,000. Finally, Lake Street Advisors Group LLC acquired a new position in shares of BRC in the 4th quarter valued at about $48,000. Institutional investors and hedge funds own 16.29% of the company's stock.
About BRC
(
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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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