BRC (NYSE:BRCC) Upgraded at Wall Street Zen

Key Points

• BRC (NYSE:BRCC) has been upgraded from a "sell" to a "hold" rating by Wall Street Zen, while Telsey Advisory Group maintains an "outperform" rating with a price target of $4.00.
• The company's shares are currently trading at $1.62, with a consensus price target of $2.88 and a recent 12-month low of $1.19.
• Insider transactions showed notable activity, with two directors increasing their stakes in the company, leading to insiders owning 69.00% of BRC's stock.

Wall Street Zen upgraded shares of BRC (NYSE:BRCC - Free Report) from a sell rating to a hold rating in a research report report published on Saturday morning.

Separately, Telsey Advisory Group restated an "outperform" rating and issued a $4.00 price objective on shares of BRC in a research note on Tuesday, August 5th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, BRC currently has an average rating of "Moderate Buy" and a consensus target price of $2.88.

BRC Price Performance

BRCC traded down $0.01 during trading on Friday, reaching $1.72. The company's stock had a trading volume of 732,768 shares, compared to its average volume of 504,925. The company has a quick ratio of 0.70, a current ratio of 1.29 and a debt-to-equity ratio of 1.97. The firm has a fifty day simple moving average of $1.61 and a two-hundred day simple moving average of $1.79. BRC has a 1 year low of $1.19 and a 1 year high of $3.83. The company has a market cap of $425.71 million, a price-to-earnings ratio of -11.43 and a beta of 0.92.

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

Insider Buying and Selling at BRC

In other news, Director Evan Hafer purchased 80,000 shares of the business's stock in a transaction that occurred on Friday, July 18th. The stock was purchased at an average cost of $1.25 per share, with a total value of $100,000.00. Following the completion of the acquisition, the director directly owned 80,000 shares of the company's stock, valued at approximately $100,000. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Steven Taslitz purchased 100,000 shares of the business's stock in a transaction that occurred on Thursday, August 7th. The shares were purchased at an average cost of $1.31 per share, with a total value of $131,000.00. Following the completion of the acquisition, the director directly owned 1,786,203 shares of the company's stock, valued at $2,339,925.93. This represents a 5.93% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 676,000 shares of company stock worth $851,000 over the last three months. 69.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in BRCC. Millennium Management LLC raised its holdings in BRC by 1,018.3% during the fourth quarter. Millennium Management LLC now owns 1,798,148 shares of the company's stock worth $5,700,000 after purchasing an additional 1,637,357 shares in the last quarter. Cresset Asset Management LLC raised its holdings in BRC by 30.3% during the second quarter. Cresset Asset Management LLC now owns 4,297,158 shares of the company's stock worth $5,629,000 after purchasing an additional 1,000,000 shares in the last quarter. Osaic Holdings Inc. raised its holdings in BRC by 779.4% during the second quarter. Osaic Holdings Inc. now owns 563,840 shares of the company's stock worth $739,000 after purchasing an additional 499,722 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in BRC by 204.5% during the first quarter. Goldman Sachs Group Inc. now owns 651,251 shares of the company's stock worth $1,361,000 after purchasing an additional 437,359 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. raised its holdings in BRC by 697.0% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 445,764 shares of the company's stock worth $1,413,000 after purchasing an additional 389,833 shares in the last quarter. 16.29% of the stock is owned by hedge funds and other institutional investors.

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.