BRC’s (BRCC) “Neutral” Rating Reiterated at Roth Mkm

Roth Mkm reaffirmed their neutral rating on shares of BRC (NYSE:BRCC) in a research note published on Wednesday morning,Benzinga reports. The firm currently has a $2.50 price objective on the stock, down from their prior price objective of $3.50.

Separately, Telsey Advisory Group reiterated an “outperform” rating and issued a $6.00 price target on shares of BRC in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $5.63.

BRC Stock Up 0.7 %

Shares of BRC stock opened at $2.14 on Wednesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.14 and a quick ratio of 0.58. The company has a 50-day moving average of $2.77 and a 200 day moving average of $3.15. The firm has a market cap of $454.21 million, a price-to-earnings ratio of -26.69 and a beta of 1.09. BRC has a 1 year low of $2.01 and a 1 year high of $7.14.

Institutional Trading of BRC

Institutional investors have recently bought and sold shares of the company. Jones Financial Companies Lllp grew its position in BRC by 106.0% during the 4th 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. Point72 Asia Singapore Pte. Ltd. purchased a new stake in BRC during the 4th quarter valued at about $30,000. Smith Thornton Advisors LLC purchased a new stake in BRC during the 3rd quarter valued at about $45,000. ProShare Advisors LLC purchased a new stake in BRC during the 4th quarter valued at about $47,000. Finally, Ameriprise Financial Inc. purchased a new stake in BRC during the 4th quarter valued at about $47,000. 16.29% of the stock is owned by hedge funds and other 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.