BRC Inc. (NYSE:BRCC – Get Rating) has received a consensus recommendation of "Moderate Buy" from the nine research firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $12.67.
BRCC has been the subject of several recent research reports. Tigress Financial reissued a "buy" rating and issued a $19.00 price target on shares of BRC in a research report on Friday. Telsey Advisory Group reduced their target price on BRC from $18.00 to $12.00 and set an "outperform" rating on the stock in a research report on Friday, November 11th. DA Davidson reduced their target price on BRC from $19.00 to $15.00 in a research report on Friday, November 11th. Truist Financial reduced their target price on BRC to $10.00 in a research report on Wednesday, November 16th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on BRC from $12.00 to $9.00 in a research report on Friday, November 11th.
Get BRC alerts:Insider Buying and Selling at BRC
In related news, Director Glenn W. Welling bought 15,000 shares of the stock in a transaction dated Monday, December 12th. The shares were purchased at an average price of $6.17 per share, for a total transaction of $92,550.00. Following the completion of the purchase, the director now directly owns 843,144 shares of the company's stock, valued at $5,202,198.48. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Glenn W. Welling bought 15,000 shares of the stock in a transaction dated Monday, December 12th. The shares were purchased at an average price of $6.17 per share, for a total transaction of $92,550.00. Following the completion of the purchase, the director now directly owns 843,144 shares of the company's stock, valued at $5,202,198.48. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Glenn W. Welling purchased 20,000 shares of the stock in a transaction on Friday, December 16th. The shares were acquired at an average price of $6.76 per share, for a total transaction of $135,200.00. Following the transaction, the director now directly owns 900,432 shares of the company's stock, valued at approximately $6,086,920.32. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 67,712 shares of company stock worth $430,991.
Hedge Funds Weigh In On BRC
A number of hedge funds have recently bought and sold shares of BRCC. Cambridge Investment Research Advisors Inc. acquired a new position in shares of BRC during the second quarter valued at approximately $84,000. Insight Advisors LLC PA raised its holdings in shares of BRC by 50.0% during the second quarter. Insight Advisors LLC PA now owns 18,300 shares of the company's stock valued at $164,000 after acquiring an additional 6,100 shares during the last quarter. Hollencrest Capital Management acquired a new position in shares of BRC during the second quarter valued at approximately $188,000. Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of BRC during the second quarter valued at approximately $82,000. Finally, Zazove Associates LLC acquired a new position in shares of BRC during the third quarter valued at approximately $812,000. Hedge funds and other institutional investors own 12.98% of the company's stock.BRC Stock Up 3.1 %
Shares of NYSE BRCC opened at $6.27 on Friday. The company has a quick ratio of 1.68, a current ratio of 2.35 and a debt-to-equity ratio of 0.15. BRC has a twelve month low of $5.75 and a twelve month high of $34.00. The business has a fifty day simple moving average of $6.26 and a two-hundred day simple moving average of $7.62.
BRC (NYSE:BRCC – Get Rating) last released its quarterly 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 during the quarter, compared to the consensus estimate of $75.79 million. BRC had a negative return on equity of 772.78% and a negative net margin of 29.45%. Equities research analysts predict that BRC will post 4.29 earnings per share for the current fiscal year.
About BRC
(Get Rating)
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.
Read More
- Get a free copy of the StockNews.com research report on BRC (BRCC)
- MarketBeat Week in Review – 1/16 – 1/20
- Does Old Dominion Show That Trucking Is Hitting The Brakes?
- Nordstrom Puts Fear Of Markdowns Into Retail Sector
- Exxon Mobil Stock: Within Striking Distance Of Buy Point
- High-Dividend-Yielding BHP Sees China Driving '23 Growth
Receive News & Ratings for BRC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BRC and related companies with MarketBeat.com's FREE daily email newsletter.