BRC (NYSE:BRCC) Shares Up 5.2%

BRC Inc. (NYSE:BRCC - Get Free Report) was up 5.2% during mid-day trading on Thursday . The stock traded as high as $4.72 and last traded at $4.64. Approximately 474,576 shares changed hands during mid-day trading, a decline of 37% from the average daily volume of 757,597 shares. The stock had previously closed at $4.41.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group restated an "outperform" rating and issued a $8.00 price target on shares of BRC in a research report on Monday, March 4th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $7.92.

BRC Stock Up 2.3 %

The business's fifty day moving average price is $4.23 and its 200 day moving average price is $3.81. The company has a market capitalization of $956.80 million, a P/E ratio of -16.70 and a beta of 0.99. The company has a current ratio of 1.28, a quick ratio of 0.61 and a debt-to-equity ratio of 1.48.

BRC (NYSE:BRCC - Get Free Report) last announced its quarterly earnings results on Wednesday, March 6th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.20. BRC had a negative net margin of 4.23% and a positive return on equity of 4.11%. The firm had revenue of $119.65 million during the quarter, compared to the consensus estimate of $124.38 million. As a group, equities research analysts predict that BRC Inc. will post -0.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BRC

Several institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its stake in shares of BRC by 106,550.0% in the third quarter. PNC Financial Services Group Inc. now owns 479,925 shares of the company's stock worth $1,723,000 after acquiring an additional 479,475 shares during the last quarter. QVIDTVM Management LLC raised its stake in shares of BRC by 19.9% in the third quarter. QVIDTVM Management LLC now owns 2,477,346 shares of the company's stock worth $8,894,000 after acquiring an additional 411,231 shares during the last quarter. Anchor Capital Advisors LLC raised its stake in shares of BRC by 68.4% in the third quarter. Anchor Capital Advisors LLC now owns 376,148 shares of the company's stock worth $1,350,000 after acquiring an additional 152,793 shares during the last quarter. Alhambra Investment Partners LLC bought a new position in shares of BRC in the third quarter worth about $49,000. Finally, Shay Capital LLC raised its stake in shares of BRC by 75.5% in the second quarter. Shay Capital LLC now owns 50,159 shares of the company's stock worth $259,000 after acquiring an additional 21,584 shares during the last quarter. 16.29% of the stock is 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.