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

Telsey Advisory Group restated their outperform rating on shares of BRC (NYSE:BRCC - Free Report) in a report issued on Monday morning,Benzinga reports. They currently have a $4.00 price target on the stock.

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

BRC Trading Down 4.3%

NYSE BRCC traded down $0.06 during trading hours on Monday, reaching $1.24. The company's stock had a trading volume of 1,478,638 shares, compared to its average volume of 826,662. The firm has a fifty day simple moving average of $1.81 and a 200-day simple moving average of $2.31. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.30 and a quick ratio of 0.61. BRC has a 52 week low of $1.23 and a 52 week high of $6.65. The stock has a market cap of $263.33 million, a P/E ratio of -13.72 and a beta of 1.01.

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

Institutional Investors Weigh In On BRC

Institutional investors and hedge funds have recently made changes to their positions in the business. Millennium Management LLC boosted its holdings in shares of BRC by 1,018.3% during the 4th quarter. Millennium Management LLC now owns 1,798,148 shares of the company's stock worth $5,700,000 after buying an additional 1,637,357 shares in the last quarter. American Century Companies Inc. lifted its position in shares of BRC by 7.9% during the 4th quarter. American Century Companies Inc. now owns 105,701 shares of the company's stock valued at $335,000 after acquiring an additional 7,742 shares during the period. Raymond James Financial Inc. bought a new position in BRC during the fourth quarter worth $76,000. Northern Trust Corp boosted its stake in BRC by 2.2% during the fourth quarter. Northern Trust Corp now owns 417,230 shares of the company's stock worth $1,323,000 after acquiring an additional 8,790 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in BRC in the fourth quarter worth $872,000. Institutional investors own 16.29% of the company's stock.

About BRC

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.