Shares of BRC Inc. (NYSE:BRCC – Get Rating) have been given a consensus recommendation of "Moderate Buy" by the nine research firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $12.67.
BRCC has been the subject of several recent research reports. Telsey Advisory Group decreased their price objective on BRC from $18.00 to $12.00 and set an "outperform" rating for the company in a report on Friday, November 11th. Deutsche Bank Aktiengesellschaft decreased their price objective on BRC from $12.00 to $9.00 in a report on Friday, November 11th. Truist Financial decreased their price objective on BRC to $10.00 in a report on Wednesday, November 16th. Finally, DA Davidson decreased their price objective on BRC from $19.00 to $15.00 in a report on Friday, November 11th.
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BRC Price Performance
Shares of BRCC opened at $6.08 on Wednesday. BRC has a 52-week low of $5.75 and a 52-week high of $34.00. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.35 and a quick ratio of 1.68. The business's 50 day moving average price is $6.45 and its two-hundred day moving average price is $7.84.
BRC (NYSE:BRCC – Get Rating) last issued its quarterly earnings results on Thursday, November 10th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.02). The business had revenue of $75.49 million during the quarter, compared to analyst estimates of $75.79 million. BRC had a negative net
margin of 29.45% and a negative return on equity of 772.78%. Research analysts forecast that BRC will post 4.29 EPS for the current year.
Insider Buying and Selling
In other BRC news, Director Glenn W. Welling acquired 15,000 shares of BRC stock in a transaction 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 purchase, the director now directly owns 843,144 shares of the company's stock, valued at $5,202,198.48. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other BRC news, Director Glenn W. Welling acquired 17,712 shares of BRC stock in a transaction on Thursday, December 8th. The stock was purchased at an average price of $5.97 per share, for a total transaction of $105,740.64. Following the purchase, the director now directly owns 818,144 shares of the company's stock, valued at $4,884,319.68. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Glenn W. Welling purchased 15,000 shares of the company's stock in a transaction dated Monday, December 12th. The shares were purchased at an average cost 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 disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 67,712 shares of company stock worth $430,991.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. UBS Group AG purchased a new position in shares of BRC during the 1st quarter valued at $28,000. Tower Research Capital LLC TRC lifted its position in shares of BRC by 251.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,540 shares of the company's stock valued at $28,000 after buying an additional 2,533 shares during the last quarter. Patriot Financial Group Insurance Agency LLC lifted its position in shares of BRC by 420.6% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 4,685 shares of the company's stock valued at $38,000 after buying an additional 3,785 shares during the last quarter. Strs Ohio purchased a new stake in BRC during the 2nd quarter worth about $48,000. Finally, Spire Wealth Management lifted its holdings in BRC by 381.0% during the 3rd quarter. Spire Wealth Management now owns 6,219 shares of the company's stock worth $48,000 after purchasing an additional 4,926 shares in the last quarter. Hedge funds and other institutional investors own 12.98% of the company's stock.
BRC Company Profile
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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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