BRC Inc. (NYSE:BRCC) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of BRC Inc. (NYSE:BRCC) have earned an average recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $6.50.

BRCC has been the subject of several research analyst reports. Telsey Advisory Group reaffirmed an “outperform” rating and set a $6.00 target price on shares of BRC in a research report on Thursday, October 31st. Roth Mkm restated a “neutral” rating and set a $3.50 price objective (down previously from $4.00) on shares of BRC in a report on Wednesday, November 6th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Jones Financial Companies Lllp raised its stake in BRC by 106.0% in the 4th quarter. Jones Financial Companies Lllp now owns 9,011 shares of the company’s stock valued at $29,000 after acquiring an additional 4,637 shares during the period. Smith Thornton Advisors LLC bought a new stake in shares of BRC in the third quarter valued at approximately $45,000. United Asset Strategies Inc. bought a new stake in shares of BRC in the third quarter valued at approximately $50,000. Lake Street Advisors Group LLC purchased a new stake in shares of BRC during the 4th quarter valued at approximately $48,000. Finally, Intech Investment Management LLC purchased a new position in BRC in the 3rd quarter valued at approximately $56,000. Hedge funds and other institutional investors own 16.29% of the company’s stock.

BRC Stock Performance

Shares of BRCC opened at $2.54 on Monday. The stock has a 50 day moving average of $2.96 and a 200 day moving average of $3.43. The company has a market capitalization of $539.30 million, a price-to-earnings ratio of -31.69 and a beta of 1.09. BRC has a 12 month low of $2.48 and a 12 month high of $7.14. The company has a current ratio of 1.14, a quick ratio of 0.58 and a debt-to-equity ratio of 0.92.

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.