BRC’s (BRCC) Buy Rating Reaffirmed at Tigress Financial

Tigress Financial restated their buy rating on shares of BRC (NYSE:BRCC) in a report released on Wednesday morning, Benzinga reports. The firm currently has a $11.00 price target on the stock.

A number of other equities analysts also recently weighed in on the company. Roth Mkm reissued a buy rating and set a $7.00 price target (up previously from $6.00) on shares of BRC in a research report on Friday, May 10th. Needham & Company LLC restated a hold rating on shares of BRC in a research note on Thursday, May 16th. Finally, Telsey Advisory Group reaffirmed an outperform rating and set a $8.00 price objective on shares of BRC in a research report on Monday, May 6th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $8.00.

BRC Stock Performance

BRCC opened at $5.71 on Wednesday. The business’s 50-day simple moving average is $4.56 and its 200 day simple moving average is $4.16. BRC has a 52-week low of $2.51 and a 52-week high of $5.92. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.51 and a current ratio of 1.07. The firm has a market capitalization of $1.21 billion, a PE ratio of -31.72 and a beta of 1.01.

BRC (NYSE:BRCC) last released its quarterly earnings data on Wednesday, March 6th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.20. The company had revenue of $119.65 million during the quarter, compared to the consensus estimate of $124.38 million. BRC had a positive return on equity of 14.15% and a negative net margin of 2.78%. As a group, sell-side analysts expect that BRC will post 0.03 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BRC

Large investors have recently added to or reduced their stakes in the stock. Comerica Bank grew its stake in BRC by 316.4% during the first quarter. Comerica Bank now owns 6,054 shares of the company’s stock worth $26,000 after buying an additional 4,600 shares in the last quarter. Vanguard Group Inc. increased its stake in BRC by 0.3% in the first quarter. Vanguard Group Inc. now owns 4,162,960 shares of the company’s stock valued at $17,817,000 after acquiring an additional 14,361 shares during the last quarter. Magnolia Wealth Management LLC acquired a new position in BRC during the first quarter valued at approximately $254,000. Maso Capital Partners Ltd bought a new stake in BRC during the first quarter worth $2,140,000. Finally, Blair William & Co. IL acquired a new position in shares of BRC during the 1st quarter worth $731,000. 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.