BRC (NYSE:BRCC) Receives Outperform Rating from Telsey Advisory Group

BRC (NYSE:BRCC - Get Free Report)'s stock had its "outperform" rating reissued by Telsey Advisory Group in a report issued on Thursday,Benzinga reports. They presently have a $4.00 target price on the stock. Telsey Advisory Group's target price suggests a potential upside of 122.59% from the stock's current price.

Other research analysts have also issued reports about the stock. DA Davidson restated a "buy" rating and issued a $3.00 price objective on shares of BRC in a research note on Wednesday, March 19th. Roth Capital set a $2.00 target price on shares of BRC and gave the stock a "neutral" rating in a research note on Wednesday, May 7th.

BRC Stock Up 19.0%

BRCC stock traded up $0.29 during midday trading on Thursday, hitting $1.80. The company's stock had a trading volume of 5,761,523 shares, compared to its average volume of 832,522. The company has a quick ratio of 0.61, a current ratio of 1.30 and a debt-to-equity ratio of 1.50. BRC has a 52-week low of $1.19 and a 52-week high of $5.99. The firm has a market capitalization of $383.16 million, a P/E ratio of -19.97 and a beta of 0.90. The firm has a 50-day simple moving average of $1.64 and a 200-day simple moving average of $2.16.

BRC (NYSE:BRCC - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.02). BRC had a negative net margin of 1.67% and a negative return on equity of 2.09%. The business had revenue of $89.97 million during the quarter, compared to analysts' expectations of $88.08 million. As a group, equities analysts forecast that BRC will post -0.02 EPS for the current year.

Institutional Trading of BRC

A number of hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its stake in shares of BRC by 204.5% in 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 period. Ellsworth Advisors LLC purchased a new position in shares of BRC in the 1st quarter valued at $34,000. Millennium Management LLC raised its stake in shares of BRC by 4.1% in the 1st quarter. Millennium Management LLC now owns 1,871,110 shares of the company's stock valued at $3,911,000 after acquiring an additional 72,962 shares during the period. AQR Capital Management LLC raised its stake in shares of BRC by 342.1% in the 1st quarter. AQR Capital Management LLC now owns 56,861 shares of the company's stock valued at $119,000 after acquiring an additional 43,998 shares during the period. Finally, State of Wyoming raised its stake in shares of BRC by 81.6% in the 1st quarter. State of Wyoming now owns 121,121 shares of the company's stock valued at $253,000 after acquiring an additional 54,441 shares during the period. 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.