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

BRC (NYSE:BRCC)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Roth Mkm in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $2.50 target price on the stock, down from their prior target price of $3.50. Roth Mkm’s price objective would indicate a potential upside of 20.48% from the stock’s current price.

Separately, Telsey Advisory Group restated an “outperform” rating and set a $6.00 target price 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $6.25.

BRC Stock Down 3.5 %

Shares of BRCC traded down $0.08 during midday trading on Wednesday, hitting $2.08. The company had a trading volume of 534,225 shares, compared to its average volume of 887,242. BRC has a 1 year low of $2.01 and a 1 year high of $7.14. The company’s 50-day simple moving average is $2.80 and its 200-day simple moving average is $3.17. 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 $441.44 million, a P/E ratio of -25.94 and a beta of 1.09.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Engaged Capital LLC raised its holdings in BRC by 5.3% during the third quarter. Engaged Capital LLC now owns 13,535,560 shares of the company’s stock worth $46,292,000 after purchasing an additional 684,542 shares in the last quarter. QVIDTVM Management LLC lifted its holdings in BRC by 24.2% in the third quarter. QVIDTVM Management LLC now owns 3,219,929 shares of the company’s stock valued at $11,012,000 after acquiring an additional 627,653 shares during the period. Verition Fund Management LLC boosted its position in shares of BRC by 4,294.3% during the 3rd quarter. Verition Fund Management LLC now owns 497,211 shares of the company’s stock worth $1,700,000 after purchasing an additional 485,896 shares in the last quarter. Barclays PLC grew its stake in shares of BRC by 325.9% during the 3rd quarter. Barclays PLC now owns 74,967 shares of the company’s stock worth $257,000 after purchasing an additional 57,366 shares during the period. Finally, State Street Corp increased its holdings in shares of BRC by 3.2% in the 3rd quarter. State Street Corp now owns 955,717 shares of the company’s stock valued at $3,269,000 after purchasing an additional 29,596 shares in the last quarter. Institutional investors and hedge funds 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.