BRC's (BRCC) "Sell (E+)" Rating Reiterated at Weiss Ratings

Key Points

• The stock of BRC (BRCC) has been reiterated with a "sell (E+)" rating by Weiss Ratings, highlighting ongoing negative sentiment among analysts.
• Despite the negative rating from Weiss, other analysts have given mixed assessments; Wall Street Zen upgraded it to "hold" while Telsey Advisory Group set a $4.00 price target.
• BRC's stock price is currently $1.39 with a market cap of approximately $343.79 million, following a quarterly earnings report that missed expectations.

BRC (NYSE:BRCC - Get Free Report)'s stock had its "sell (e+)" rating reiterated by equities research analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

BRCC has been the topic of a number of other reports. Wall Street Zen raised shares of BRC from a "sell" rating to a "hold" rating in a report on Monday, September 29th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $4.00 price objective on shares of BRC in a report on Tuesday, August 5th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, BRC has a consensus rating of "Hold" and an average target price of $2.88.

BRC Stock Up 0.4%

BRCC stock traded up $0.01 during midday trading on Wednesday, reaching $1.39. 648,099 shares of the company's stock traded hands, compared to its average volume of 792,431. The company has a market cap of $343.79 million, a price-to-earnings ratio of -9.23 and a beta of 0.92. The firm's fifty day moving average price is $1.56 and its 200-day moving average price is $1.74. The company has a quick ratio of 0.70, a current ratio of 1.29 and a debt-to-equity ratio of 1.97. BRC has a 52 week low of $1.19 and a 52 week high of $3.59.

BRC (NYSE:BRCC - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported ($0.07) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.04). The business had revenue of $94.84 million for the quarter, compared to the consensus estimate 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, sell-side analysts forecast that BRC will post -0.02 earnings per share for the current fiscal year.

Insider Transactions at BRC

In other news, Director Evan Hafer acquired 80,000 shares of the stock in a transaction that occurred on Friday, July 18th. The shares were acquired at an average cost of $1.25 per share, for a total transaction of $100,000.00. Following the purchase, the director owned 80,000 shares of the company's stock, valued at approximately $100,000. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven Taslitz acquired 100,000 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was purchased at an average price of $1.31 per share, for a total transaction of $131,000.00. Following the completion of the purchase, the director directly owned 1,786,203 shares in the company, valued at $2,339,925.93. This trade represents a 5.93% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 676,000 shares of company stock valued at $851,000. 73.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BRCC. Engineers Gate Manager LP bought a new position in shares of BRC in the second quarter worth approximately $27,000. R Squared Ltd bought a new position in shares of BRC in the second quarter worth approximately $28,000. Ellsworth Advisors LLC bought a new position in shares of BRC in the first quarter worth approximately $34,000. XTX Topco Ltd increased its position in shares of BRC by 51.1% in the first quarter. XTX Topco Ltd now owns 47,751 shares of the company's stock worth $100,000 after purchasing an additional 16,154 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in shares of BRC by 342.1% in the first quarter. AQR Capital Management LLC now owns 56,861 shares of the company's stock worth $119,000 after purchasing an additional 43,998 shares during the last quarter. 16.29% of the stock is currently owned by 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.

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