Telsey Advisory Group Reiterates “Outperform” Rating for BRC (NYSE:BRCC)

BRC (NYSE:BRCC)‘s stock had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group in a research report issued on Wednesday, Benzinga reports. They presently have a $8.00 price target on the stock. Telsey Advisory Group’s price objective would suggest a potential upside of 45.45% from the stock’s current price.

BRCC has been the topic of a number of other research reports. Tigress Financial reissued a “buy” rating and issued a $11.00 price objective on shares of BRC in a report on Wednesday, May 22nd. Roth Mkm reiterated a “buy” rating and issued a $7.00 price target (up from $6.00) on shares of BRC in a research report on Friday, May 10th. Finally, Needham & Company LLC reissued a “hold” rating on shares of BRC in a research report on Thursday, May 16th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, BRC has an average rating of “Moderate Buy” and an average target price of $8.00.

BRC Price Performance

Shares of BRCC opened at $5.50 on Wednesday. The firm has a fifty day simple moving average of $5.79 and a two-hundred day simple moving average of $4.72. The firm has a market cap of $1.17 billion, a PE ratio of -30.55 and a beta of 1.22. The company has a current ratio of 1.07, a quick ratio of 0.51 and a debt-to-equity ratio of 1.02. BRC has a 1-year low of $2.51 and a 1-year high of $7.14.

BRC (NYSE:BRCC) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.04. The company had revenue of $98.39 million during the quarter, compared to analysts’ expectations of $97.78 million. BRC had a positive return on equity of 14.15% and a negative net margin of 2.78%. On average, equities analysts anticipate that BRC will post 0.03 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Comerica Bank grew its holdings in BRC by 316.4% during the 1st quarter. Comerica Bank now owns 6,054 shares of the company’s stock valued at $26,000 after buying an additional 4,600 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of BRC by 106.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,415 shares of the company’s stock worth $27,000 after acquiring an additional 3,831 shares during the last quarter. Allworth Financial LP grew its stake in BRC by 83.6% during the fourth quarter. Allworth Financial LP now owns 9,776 shares of the company’s stock valued at $35,000 after acquiring an additional 4,450 shares in the last quarter. SG Americas Securities LLC bought a new stake in BRC in the 4th quarter valued at $37,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in BRC in the 1st quarter worth $45,000. Institutional investors 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.