BRC (NYSE:BRCC) Receives “Neutral” Rating from Roth Mkm

BRC (NYSE:BRCC)‘s stock had its “neutral” rating reaffirmed by equities researchers at Roth Mkm in a report issued on Wednesday,Benzinga reports. They presently have a $3.50 price objective on the stock, down from their prior price objective of $4.00. Roth Mkm’s price objective would suggest a potential upside of 14.19% from the company’s current price.

BRCC has been the subject of several other research reports. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $6.00 target price on shares of BRC in a research note on Thursday, October 31st. DA Davidson restated a “buy” rating and issued a $5.50 price objective on shares of BRC in a research report on Wednesday, September 18th. Finally, Roth Capital downgraded BRC from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $6.50.

BRC Trading Down 4.2 %

Shares of NYSE BRCC opened at $3.07 on Wednesday. BRC has a fifty-two week low of $2.60 and a fifty-two week high of $7.14. The firm has a market capitalization of $651.39 million, a P/E ratio of -38.31 and a beta of 1.16. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.07 and a quick ratio of 0.59. The company’s 50 day simple moving average is $3.46 and its 200 day simple moving average is $4.64.

BRC (NYSE:BRCC) last issued its earnings results on Monday, November 4th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The firm had revenue of $98.20 million for the quarter, compared to analysts’ expectations of $95.06 million. BRC had a positive return on equity of 23.81% and a negative net margin of 1.22%. During the same quarter last year, the business earned ($0.05) earnings per share. On average, analysts predict that BRC will post -0.02 EPS for the current year.

Insider Buying and Selling

In related news, Director Evan Hafer sold 1,000,000 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $3.17, for a total transaction of $3,170,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Thomas E. Davin sold 10,884 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $3.81, for a total transaction of $41,468.04. Following the completion of the transaction, the director now directly owns 15,851 shares in the company, valued at $60,392.31. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Evan Hafer sold 1,000,000 shares of BRC stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $3.17, for a total value of $3,170,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,010,884 shares of company stock valued at $12,811,468. Company insiders own 73.80% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Blair William & Co. IL raised its position in BRC by 370.2% during the second quarter. Blair William & Co. IL now owns 802,710 shares of the company’s stock worth $4,921,000 after acquiring an additional 632,000 shares in the last quarter. Maso Capital Partners Ltd acquired a new position in shares of BRC during the 1st quarter worth about $2,140,000. Marshall Wace LLP raised its holdings in shares of BRC by 76.4% in the 2nd quarter. Marshall Wace LLP now owns 812,373 shares of the company’s stock valued at $4,980,000 after purchasing an additional 351,757 shares during the period. Riverwater Partners LLC acquired a new stake in BRC in the 3rd quarter valued at about $1,091,000. Finally, Renaissance Technologies LLC lifted its position in shares of BRC by 131.1% in the second quarter. Renaissance Technologies LLC now owns 419,300 shares of the company’s stock valued at $2,570,000 after buying an additional 237,869 shares during the last quarter. 16.29% of the stock is owned by institutional investors and hedge funds.

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.