BRC (NYSE:BRCC) Earns “Buy” Rating from DA Davidson

DA Davidson reaffirmed their buy rating on shares of BRC (NYSE:BRCC) in a research note published on Wednesday morning,Benzinga reports. DA Davidson currently has a $3.00 price objective on the stock.

BRCC has been the topic of a number of other research reports. Telsey Advisory Group set a $4.00 price objective on shares of BRC in a research note on Wednesday, March 5th. Roth Mkm reaffirmed a “neutral” rating and set a $2.50 price objective (down previously from $3.50) on shares of BRC in a research note on Wednesday, March 5th. Finally, Roth Capital set a $2.50 price objective on shares of BRC in a research note on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, BRC has an average rating of “Moderate Buy” and a consensus target price of $4.60.

BRC Price Performance

Shares of NYSE BRCC opened at $2.19 on Wednesday. The stock has a market capitalization of $465.50 million, a price-to-earnings ratio of -27.31 and a beta of 1.09. BRC has a 12 month low of $1.93 and a 12 month high of $7.14. The firm’s 50 day simple moving average is $2.54 and its 200-day simple moving average is $2.99. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.14 and a quick ratio of 0.58.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Engaged Capital LLC lifted its position in shares of BRC by 5.3% during the 3rd quarter. Engaged Capital LLC now owns 13,535,560 shares of the company’s stock valued at $46,292,000 after buying an additional 684,542 shares in the last quarter. QVIDTVM Management LLC lifted its holdings in BRC by 24.2% in the 3rd quarter. QVIDTVM Management LLC now owns 3,219,929 shares of the company’s stock valued at $11,012,000 after purchasing an additional 627,653 shares in the last quarter. Verition Fund Management LLC lifted its holdings in BRC by 4,294.3% in the 3rd quarter. Verition Fund Management LLC now owns 497,211 shares of the company’s stock valued at $1,700,000 after purchasing an additional 485,896 shares in the last quarter. Barclays PLC lifted its holdings in BRC by 325.9% in the 3rd quarter. Barclays PLC now owns 74,967 shares of the company’s stock valued at $257,000 after purchasing an additional 57,366 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in BRC in the 4th quarter valued at $61,000. Hedge funds and other institutional investors own 16.29% of the company’s stock.

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.