BRC Inc. (NYSE:BRCC – Get Rating) shares gapped up before the market opened on Monday . The stock had previously closed at $5.91, but opened at $6.20. BRC shares last traded at $6.15, with a volume of 155,020 shares traded.
Analysts Set New Price Targets
A number of research analysts have commented on the company. DA Davidson reduced their price objective on BRC from $19.00 to $15.00 in a research note on Friday, November 11th. Telsey Advisory Group cut their price target on BRC from $18.00 to $12.00 and set an "outperform" rating on the stock in a research note on Friday, November 11th. Tigress Financial reiterated a "buy" rating and issued a $19.00 price target on shares of BRC in a research note on Friday, January 20th. Truist Financial cut their price target on BRC to $10.00 in a research note on Wednesday, November 16th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on BRC from $12.00 to $9.00 in a research note on Friday, November 11th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, BRC has a consensus rating of "Hold" and an average target price of $13.86.
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BRC Price Performance
The company has a fifty day moving average price of $6.26 and a 200 day moving average price of $7.48. The company has a current ratio of 2.35, a quick ratio of 1.68 and a debt-to-equity ratio of 0.15.
BRC (NYSE:BRCC – Get Rating) last posted its earnings results on Thursday, November 10th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.02). The company had revenue of $75.49 million for the quarter, compared to the consensus estimate of $75.79 million. BRC had a negative net
margin of 29.45% and a negative return on equity of 772.78%. Equities research analysts anticipate that BRC Inc. will post 4.29 EPS for the current year.
Insider Activity
In other BRC news, Director Glenn W. Welling acquired 20,000 shares of the firm's stock in a transaction that occurred on Friday, December 16th. The stock was acquired at an average cost of $6.76 per share, with a total value of $135,200.00. Following the acquisition, 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 SEC, which is available through the SEC website. In other BRC news, Director Glenn W. Welling acquired 20,000 shares of the firm's stock in a transaction that occurred on Friday, December 16th. The stock was acquired at an average cost of $6.76 per share, with a total value of $135,200.00. Following the acquisition, 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 SEC, which is available through the SEC website. Also, Director Glenn W. Welling acquired 17,712 shares of the firm's stock in a transaction that occurred on Thursday, December 8th. The stock was acquired at an average cost of $5.97 per share, with a total value of $105,740.64. Following the completion of the acquisition, the director now directly owns 818,144 shares in the company, valued at $4,884,319.68. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 67,712 shares of company stock valued at $430,991.
Institutional Investors Weigh In On BRC
Institutional investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new stake in BRC in the third quarter worth approximately $627,000. Cambridge Investment Research Advisors Inc. acquired a new stake in BRC in the second quarter worth approximately $84,000. Insight Advisors LLC PA lifted its position in BRC by 50.0% in the second quarter. Insight Advisors LLC PA now owns 18,300 shares of the company's stock worth $164,000 after purchasing an additional 6,100 shares during the period. Woodard & Co. Asset Management Group Inc. ADV lifted its position in BRC by 14.1% in the third quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 119,285 shares of the company's stock worth $922,000 after purchasing an additional 14,715 shares during the period. Finally, Guggenheim Capital LLC acquired a new stake in BRC in the first quarter worth approximately $744,000. 12.98% of the stock is currently owned by institutional investors and hedge funds.
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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