BRC's (BRCC) "Buy" Rating Reiterated at Roth Mkm

Roth Mkm reissued their buy rating on shares of BRC (NYSE:BRCC - Free Report) in a research report sent to investors on Friday morning, Benzinga reports. They currently have a $7.00 price objective on the stock, up from their prior price objective of $6.00.

Separately, Telsey Advisory Group reiterated an outperform rating and set a $8.00 target price on shares of BRC in a research report on Monday. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $7.58.

BRC Stock Performance

BRCC stock traded down $0.65 during trading on Friday, hitting $4.94. The company had a trading volume of 2,110,541 shares, compared to its average volume of 766,875. The firm has a market cap of $1.05 billion, a PE ratio of -19.19 and a beta of 1.01. BRC has a 1-year low of $2.51 and a 1-year high of $5.85. The firm has a 50-day moving average price of $4.36 and a 200-day moving average price of $3.99. The company has a quick ratio of 0.61, a current ratio of 1.28 and a debt-to-equity ratio of 1.48.

BRC (NYSE:BRCC - Get Free Report) last issued 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. The firm had revenue of $119.65 million for the quarter, compared to analysts' expectations of $124.38 million. BRC had a positive return on equity of 4.11% and a negative net margin of 4.23%. On average, analysts expect that BRC will post -0.01 earnings per share for the current year.

Institutional Investors Weigh In On BRC

Institutional investors and hedge funds have recently bought and sold shares of the stock. Alhambra Investment Management LLC lifted its stake in shares of BRC by 21.8% during the 4th quarter. Alhambra Investment Management LLC now owns 16,750 shares of the company's stock worth $61,000 after purchasing an additional 3,000 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of BRC by 106.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,415 shares of the company's stock worth $27,000 after purchasing an additional 3,831 shares during the period. Allworth Financial LP lifted its stake in shares of BRC by 83.6% during the 4th quarter. Allworth Financial LP now owns 9,776 shares of the company's stock worth $35,000 after purchasing an additional 4,450 shares during the period. Raymond James & Associates lifted its stake in shares of BRC by 27.3% during the 3rd quarter. Raymond James & Associates now owns 21,921 shares of the company's stock worth $79,000 after purchasing an additional 4,697 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of BRC by 23.5% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 30,000 shares of the company's stock worth $109,000 after purchasing an additional 5,700 shares during the period. Hedge funds and other 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.