BRC Inc. (NYSE:BRCC) Given Consensus Recommendation of “Hold” by Brokerages

Shares of BRC Inc. (NYSE:BRCC) have earned a consensus rating of “Hold” from the five ratings firms that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $7.00.

BRCC has been the topic of several recent research reports. Telsey Advisory Group dropped their price target on BRC from $8.00 to $6.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Needham & Company LLC restated a “hold” rating on shares of BRC in a research note on Thursday, May 16th. Tigress Financial reiterated a “buy” rating and set a $11.00 price target on shares of BRC in a research note on Wednesday, May 22nd. Roth Mkm downgraded BRC from a “buy” rating to a “neutral” rating and cut their target price for the stock from $8.00 to $4.00 in a research note on Friday, August 9th. Finally, DA Davidson reaffirmed a “buy” rating and set a $5.50 price objective on shares of BRC in a report on Friday.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BRCC. The Manufacturers Life Insurance Company boosted its position in shares of BRC by 32.9% in the second quarter. The Manufacturers Life Insurance Company now owns 20,464 shares of the company’s stock worth $125,000 after buying an additional 5,064 shares during the period. Deerfield Management Company L.P. Series C acquired a new position in BRC during the 2nd quarter worth approximately $335,000. Squarepoint Ops LLC boosted its holdings in BRC by 55.8% in the 2nd quarter. Squarepoint Ops LLC now owns 41,375 shares of the company’s stock worth $254,000 after acquiring an additional 14,824 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in shares of BRC during the second quarter valued at approximately $1,084,000. Finally, Marshall Wace LLP lifted its position in shares of BRC by 76.4% during the second quarter. Marshall Wace LLP now owns 812,373 shares of the company’s stock worth $4,980,000 after purchasing an additional 351,757 shares in the last quarter. 16.29% of the stock is owned by institutional investors and hedge funds.

BRC Stock Down 2.5 %

BRCC stock traded down $0.10 during trading on Friday, hitting $3.96. 172,075 shares of the company’s stock were exchanged, compared to its average volume of 893,881. The business has a 50-day moving average price of $5.02 and a two-hundred day moving average price of $4.95. The company has a current ratio of 1.07, a quick ratio of 0.59 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $841.58 million, a price-to-earnings ratio of -21.89 and a beta of 1.18. BRC has a 52-week low of $2.51 and a 52-week high of $7.14.

BRC (NYSE:BRCC) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). BRC had a negative net margin of 1.88% and a positive return on equity of 17.53%. The company had revenue of $89.02 million during the quarter, compared to the consensus estimate of $101.54 million. During the same quarter in the prior year, the firm posted ($0.03) earnings per share. As a group, equities research analysts expect that BRC will post -0.02 EPS for the current year.

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.