BRC's (BRCC) Hold Rating Reiterated at Needham & Company LLC

BRC (NYSE:BRCC - Get Free Report)'s stock had its "hold" rating reissued by stock analysts at Needham & Company LLC in a research note issued on Thursday, Benzinga reports.

Several other equities analysts have also issued reports on the company. Telsey Advisory Group restated an "outperform" rating and set a $8.00 target price on shares of BRC in a research report on Monday, May 6th. Roth Mkm reissued a "buy" rating and issued a $7.00 price target (up previously from $6.00) on shares of BRC in a report on Friday, May 10th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, BRC has an average rating of "Moderate Buy" and an average target price of $8.00.

BRC Price Performance

Shares of BRCC traded up $0.26 during mid-day trading on Thursday, reaching $5.82. The company had a trading volume of 1,300,786 shares, compared to its average volume of 789,906. BRC has a twelve month low of $2.51 and a twelve month high of $5.92. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.07 and a quick ratio of 0.51. The company's 50-day moving average is $4.46 and its 200-day moving average is $4.07. The company has a market capitalization of $1.23 billion, a P/E ratio of -32.78 and a beta of 1.01.

BRC (NYSE:BRCC - Get Free Report) last announced its earnings results on Wednesday, March 6th. The company reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of ($0.01) by $0.20. BRC had a positive return on equity of 14.15% and a negative net margin of 2.78%. The company had revenue of $119.65 million during the quarter, compared to analyst estimates of $124.38 million. On average, equities analysts anticipate that BRC will post 0.01 EPS for the current year.

Hedge Funds Weigh In On BRC

Institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its stake in BRC by 106,550.0% in the third quarter. PNC Financial Services Group Inc. now owns 479,925 shares of the company's stock valued at $1,723,000 after buying an additional 479,475 shares during the period. Allworth Financial LP boosted its stake in shares of BRC by 83.6% during the fourth quarter. Allworth Financial LP now owns 9,776 shares of the company's stock valued at $35,000 after purchasing an additional 4,450 shares in the last quarter. QVIDTVM Management LLC raised its stake in shares of BRC by 19.9% during the third quarter. QVIDTVM Management LLC now owns 2,477,346 shares of the company's stock valued at $8,894,000 after acquiring an additional 411,231 shares during the last quarter. Hollencrest Capital Management increased its stake in shares of BRC by 9.3% in the third quarter. Hollencrest Capital Management now owns 106,222 shares of the company's stock valued at $381,000 after buying an additional 9,000 shares during the period. Finally, Anchor Capital Advisors LLC lifted its position in shares of BRC by 68.4% in the 3rd quarter. Anchor Capital Advisors LLC now owns 376,148 shares of the company's stock worth $1,350,000 after purchasing an additional 152,793 shares during the period. 16.29% of the stock is currently owned by institutional investors and hedge funds.

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.