Telsey Advisory Group Reaffirms "Outperform" Rating for BRC (NYSE:BRCC)

BRC (NYSE:BRCC - Get Free Report)'s stock had its "outperform" rating restated by analysts at Telsey Advisory Group in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $4.00 target price on the stock. Telsey Advisory Group's price objective points to a potential upside of 204.18% from the stock's current price.

Other research analysts have also recently issued reports about the company. Roth Mkm reaffirmed a "neutral" rating and issued a $2.50 target price (down from $3.50) on shares of BRC in a research report on Wednesday, March 5th. Roth Capital set a $2.00 price target on shares of BRC and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Finally, DA Davidson reiterated a "buy" rating and issued a $3.00 price objective on shares of BRC in a research note on Wednesday, March 19th.

BRC Price Performance

BRCC traded down $0.04 during trading on Monday, reaching $1.32. The stock had a trading volume of 141,948 shares, compared to its average volume of 822,951. BRC has a 1-year low of $1.30 and a 1-year high of $7.14. The firm has a market capitalization of $280.38 million, a price-to-earnings ratio of -14.61 and a beta of 1.01. The stock has a 50 day moving average of $1.88 and a two-hundred day moving average of $2.35. The company has a quick ratio of 0.61, a current ratio of 1.30 and a debt-to-equity ratio of 1.50.

BRC (NYSE:BRCC - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.02). BRC had a negative net margin of 1.67% and a negative return on equity of 2.09%. The business had revenue of $89.97 million for the quarter, compared to analyst estimates of $88.08 million. As a group, equities analysts anticipate that BRC will post -0.02 EPS for the current fiscal year.

Institutional Trading of BRC

A number of large investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its stake in shares of BRC by 24.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 22,233 shares of the company's stock worth $71,000 after buying an additional 4,364 shares during the last quarter. Jones Financial Companies Lllp boosted its position in BRC by 106.0% during the fourth quarter. Jones Financial Companies Lllp now owns 9,011 shares of the company's stock valued at $29,000 after purchasing an additional 4,637 shares during the last quarter. Wolverine Trading LLC grew its stake in BRC by 48.3% in the fourth quarter. Wolverine Trading LLC now owns 18,221 shares of the company's stock valued at $56,000 after purchasing an additional 5,936 shares in the last quarter. Intech Investment Management LLC increased its position in shares of BRC by 39.8% during the 4th quarter. Intech Investment Management LLC now owns 23,018 shares of the company's stock worth $73,000 after purchasing an additional 6,549 shares during the last quarter. Finally, MetLife Investment Management LLC raised its stake in shares of BRC by 36.5% during the 4th quarter. MetLife Investment Management LLC now owns 25,036 shares of the company's stock worth $79,000 after purchasing an additional 6,700 shares in 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.

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