Brokerages Set BRC Inc. (NYSE:BRCC) Price Target at $6.50

BRC Inc. (NYSE:BRCC) has been given a consensus rating of “Moderate Buy” by the six analysts that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $6.50.

Several analysts have recently commented on BRCC shares. DA Davidson reaffirmed a “buy” rating and set a $5.50 price target on shares of BRC in a research report on Wednesday, September 18th. Telsey Advisory Group restated an “outperform” rating and issued a $6.00 target price on shares of BRC in a research report on Thursday, October 31st. Finally, Roth Mkm reaffirmed a “neutral” rating and issued a $3.50 price target (down previously from $4.00) on shares of BRC in a research note on Wednesday, November 6th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Smith Thornton Advisors LLC purchased a new stake in shares of BRC in the 3rd quarter valued at $45,000. United Asset Strategies Inc. purchased a new position in BRC during the 3rd quarter valued at about $50,000. Intech Investment Management LLC acquired a new position in BRC in the 3rd quarter valued at about $56,000. Quadrature Capital Ltd purchased a new stake in BRC during the third quarter worth about $75,000. Finally, D.A. Davidson & CO. acquired a new stake in shares of BRC during the third quarter worth about $91,000. 16.29% of the stock is currently owned by institutional investors and hedge funds.

BRC Trading Up 6.4 %

NYSE BRCC opened at $3.14 on Thursday. The business’s fifty day simple moving average is $3.04 and its 200-day simple moving average is $3.81. The company has a current ratio of 1.14, a quick ratio of 0.58 and a debt-to-equity ratio of 0.92. BRC has a 52 week low of $2.78 and a 52 week high of $7.14.

BRC (NYSE:BRCC) last issued its earnings results on Monday, November 4th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. BRC had a negative net margin of 1.22% and a positive return on equity of 23.35%. The company had revenue of $98.20 million for the quarter, compared to the consensus estimate of $95.06 million. During the same period in the previous year, the firm earned ($0.05) earnings per share. On average, equities research analysts predict that BRC will post -0.02 EPS for the current year.

About BRC

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.