BRC’s (BRCC) Outperform Rating Reaffirmed at Telsey Advisory Group

BRC (NYSE:BRCC)‘s stock had its “outperform” rating reaffirmed by investment analysts at Telsey Advisory Group in a research report issued on Tuesday,Benzinga reports. They presently have a $6.00 price objective on the stock. Telsey Advisory Group’s price objective points to a potential upside of 131.66% from the stock’s current price.

Separately, Roth Mkm reissued a “neutral” rating and set a $3.50 price target (down from $4.00) on shares of BRC in a research report on Wednesday, November 6th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $6.50.

BRC Stock Up 0.4 %

Shares of BRCC stock opened at $2.59 on Tuesday. The stock’s 50-day simple moving average is $2.82 and its 200-day simple moving average is $3.18. The firm has a market capitalization of $551.00 million, a PE ratio of -32.38 and a beta of 1.09. BRC has a fifty-two week low of $2.41 and a fifty-two 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.

Institutional Trading of BRC

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Creative Planning purchased a new stake in BRC in the 3rd quarter worth approximately $192,000. Smith Thornton Advisors LLC acquired a new stake in BRC during the third quarter valued at $45,000. Intech Investment Management LLC purchased a new position in BRC in the third quarter valued at $56,000. Charles Schwab Investment Management Inc. boosted its stake in shares of BRC by 3.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 377,477 shares of the company’s stock worth $1,291,000 after acquiring an additional 13,087 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of BRC during the 3rd quarter valued at about $312,000. 16.29% of the stock is owned by institutional investors and hedge funds.

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.