BRC (NYSE:BRCC – Get Rating)'s stock had its "buy" rating reaffirmed by research analysts at Tigress Financial in a research note issued on Friday, Benzinga reports. They presently have a $19.00 price objective on the stock. Tigress Financial's price objective would suggest a potential upside of 203.51% from the stock's current price.

Several other equities analysts have also issued reports on BRCC. Truist Financial lowered their price target on BRC to $10.00 in a research note on Wednesday, November 16th. Telsey Advisory Group reduced their target price on BRC from $18.00 to $12.00 and set an "outperform" rating for the company in a research report on Friday, November 11th. DA Davidson decreased their target price on shares of BRC from $19.00 to $15.00 in a research report on Friday, November 11th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on BRC from $12.00 to $9.00 in a research note on Friday, November 11th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, BRC presently has an average rating of "Hold" and a consensus target price of $13.86.

BRC Trading Up 3.0 %

Shares of BRCC stock traded up $0.18 during trading hours on Friday, reaching $6.26. 5,379 shares of the company's stock were exchanged, compared to its average volume of 410,664. BRC has a fifty-two week low of $5.75 and a fifty-two week high of $34.00. The company has a quick ratio of 1.68, a current ratio of 2.35 and a debt-to-equity ratio of 0.15. The business has a fifty day moving average price of $6.26 and a 200-day moving average price of $7.65.

Insiders Place Their Bets

In related news, Director Glenn W. Welling purchased 15,000 shares of BRC stock in a transaction that occurred on Monday, December 12th. The shares were acquired at an average price of $6.17 per share, for a total transaction of $92,550.00. Following the transaction, the director now directly owns 843,144 shares in the company, valued at $5,202,198.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Glenn W. Welling purchased 20,000 shares of the business's stock in a transaction dated Friday, December 16th. The shares were acquired at an average price of $6.76 per share, with a total value of $135,200.00. Following the completion of the purchase, the director now directly owns 900,432 shares of the company's stock, valued at approximately $6,086,920.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Glenn W. Welling purchased 15,000 shares of the firm's stock in a transaction that occurred on Monday, December 12th. The stock was purchased at an average price of $6.17 per share, for a total transaction of $92,550.00. Following the acquisition, the director now owns 843,144 shares of the company's stock, valued at $5,202,198.48. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 67,712 shares of company stock valued at $430,991.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. UBS Group AG bought a new stake in shares of BRC during the first quarter worth approximately $28,000. Tower Research Capital LLC TRC boosted its position in shares of BRC by 251.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,540 shares of the company's stock worth $28,000 after purchasing an additional 2,533 shares during the last quarter. Patriot Financial Group Insurance Agency LLC grew its stake in shares of BRC by 420.6% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 4,685 shares of the company's stock worth $38,000 after purchasing an additional 3,785 shares during the period. Strs Ohio bought a new stake in BRC in the second quarter valued at about $48,000. Finally, Spire Wealth Management lifted its stake in BRC by 381.0% in the third quarter. Spire Wealth Management now owns 6,219 shares of the company's stock valued at $48,000 after buying an additional 4,926 shares during the period. 12.98% of the stock is currently owned by institutional investors and hedge funds.

About BRC

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BRC Inc, through its subsidiaries, purchases, roasts, and sells coffee, coffee accessories, and branded apparel. The company also produces media content; podcasts; and digital and print journals, as well as sells coffee brewing equipment, and outdoor and lifestyle gear. It supports active military, veterans, and first responders.

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