BRC (NYSE:BRCC) Trading Up 4.1% - Here's Why

BRC Inc. (NYSE:BRCC - Get Free Report) shares were up 4.1% on Monday . The company traded as high as $2.37 and last traded at $2.39. Approximately 63,224 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 858,178 shares. The stock had previously closed at $2.29.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BRCC. DA Davidson reaffirmed a "buy" rating and set a $3.00 price objective on shares of BRC in a research note on Wednesday, March 19th. 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 $2.00 price target on BRC and gave the company a "neutral" rating in a report on Wednesday. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $4.00 price objective on shares of BRC in a research note on Thursday, May 1st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, BRC has an average rating of "Moderate Buy" and a consensus target price of $4.50.

BRC Stock Performance

The company has a current ratio of 1.14, a quick ratio of 0.58 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $337.67 million, a PE ratio of -19.81 and a beta of 1.14. The firm's fifty day moving average price is $2.13 and its 200 day moving average price is $2.66.

BRC (NYSE:BRCC - Get Free Report) last issued its earnings results on Monday, May 5th. The company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.02). BRC had a negative net margin of 1.22% and a positive return on equity of 23.35%. The firm had revenue of $89.97 million during the quarter, compared to analysts' expectations of $88.08 million. On average, research analysts anticipate that BRC Inc. will post -0.02 earnings per share for the current year.

Hedge Funds Weigh In On BRC

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp grew its position in BRC by 106.0% in the fourth quarter. Jones Financial Companies Lllp now owns 9,011 shares of the company's stock worth $29,000 after acquiring an additional 4,637 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of BRC in the 4th quarter valued at $30,000. ProShare Advisors LLC bought a new stake in BRC in the fourth quarter worth $47,000. Ameriprise Financial Inc. acquired a new position in BRC during the fourth quarter worth $47,000. Finally, Lake Street Advisors Group LLC bought a new position in BRC during the fourth quarter valued at about $48,000. 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.