Telsey Advisory Group restated their outperform rating on shares of BRC (NYSE:BRCC - Free Report) in a report published on Monday morning, Benzinga reports. They currently have a $8.00 price target on the stock.
BRC Price Performance
BRC stock traded up $0.16 during midday trading on Monday, reaching $4.02. 539,928 shares of the company were exchanged, compared to its average volume of 697,556. The firm's 50-day simple moving average is $4.32 and its 200-day simple moving average is $3.96. BRC has a 1 year low of $2.51 and a 1 year high of $5.85. The company has a market capitalization of $851.79 million, a price-to-earnings ratio of -14.74 and a beta of 1.01. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.61 and a current ratio of 1.28.
BRC (NYSE:BRCC - Get Free Report) last issued its quarterly earnings results on Wednesday, March 6th. The company reported $0.19 EPS for the quarter, topping analysts' consensus estimates of ($0.01) by $0.20. The business had revenue of $119.65 million during the quarter, compared to the consensus estimate of $124.38 million. BRC had a negative net margin of 4.23% and a positive return on equity of 4.11%. On average, analysts anticipate that BRC will post -0.01 EPS for the current year.
Institutional Trading of BRC
Several hedge funds and other institutional investors have recently bought and sold shares of BRCC. Tower Research Capital LLC TRC grew its stake in BRC by 106.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,415 shares of the company's stock worth $27,000 after acquiring an additional 3,831 shares during the period. Allworth Financial LP grew its stake in BRC by 83.6% in the 4th quarter. Allworth Financial LP now owns 9,776 shares of the company's stock worth $35,000 after acquiring an additional 4,450 shares during the period. SG Americas Securities LLC acquired a new position in shares of BRC in the 4th quarter valued at $37,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of BRC during the 1st quarter worth $45,000. Finally, Intrinsic Edge Capital Management LLC acquired a new stake in shares of BRC during the 4th quarter worth $50,000. 16.29% of the stock is owned by hedge funds and other institutional investors.
BRC Company Profile
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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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