BRC’s (BRCC) “Outperform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group restated their outperform rating on shares of BRC (NYSE:BRCC) in a report released on Tuesday,Benzinga reports. The firm currently has a $6.00 target price on the stock.

Separately, Roth Mkm reiterated a “neutral” rating and issued a $3.50 price target (down previously from $4.00) on shares of BRC in a research note on Wednesday, November 6th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $5.63.

BRC Trading Down 1.6 %

Shares of BRCC stock opened at $2.12 on Tuesday. BRC has a 52-week low of $2.01 and a 52-week high of $7.14. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.58 and a current ratio of 1.14. The firm has a market capitalization of $449.95 million, a PE ratio of -26.44 and a beta of 1.09. The stock has a fifty day simple moving average of $2.78 and a two-hundred day simple moving average of $3.16.

Institutional Trading of BRC

Several institutional investors have recently added to or reduced their stakes in BRCC. Jones Financial Companies Lllp lifted its stake in BRC by 106.0% in the fourth quarter. Jones Financial Companies Lllp now owns 9,011 shares of the company’s stock worth $29,000 after purchasing an additional 4,637 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in BRC in the fourth quarter worth about $30,000. Smith Thornton Advisors LLC bought a new stake in BRC in the third quarter worth about $45,000. ProShare Advisors LLC bought a new stake in BRC in the fourth quarter worth about $47,000. Finally, Ameriprise Financial Inc. bought a new stake in shares of BRC during the fourth quarter valued at approximately $47,000. 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.