BRC’s (BRCC) Outperform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group restated their outperform rating on shares of BRC (NYSE:BRCC) in a research note published on Monday,Benzinga reports. They currently have a $4.00 price target on the stock.

Other analysts have also recently issued reports about the stock. Roth Mkm reissued a “neutral” rating and set a $2.50 target price (down from $3.50) on shares of BRC in a report on Wednesday, March 5th. DA Davidson reissued a “buy” rating and issued a $3.00 price objective on shares of BRC in a report on Wednesday, March 19th. Finally, Roth Capital set a $2.00 price target on BRC and gave the stock a “neutral” rating in a research note on Wednesday, May 7th.

BRC Stock Performance

BRC stock opened at $1.30 on Monday. BRC has a 52 week low of $1.29 and a 52 week high of $6.83. The company has a current ratio of 1.30, a quick ratio of 0.61 and a debt-to-equity ratio of 1.50. The stock has a market cap of $276.12 million, a P/E ratio of -14.39 and a beta of 1.01. The stock has a 50 day moving average of $1.83 and a 200-day moving average of $2.32.

BRC (NYSE:BRCC) last posted its quarterly earnings results on Monday, May 5th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The company had revenue of $89.97 million during the quarter, compared to analyst estimates of $88.08 million. BRC had a negative net margin of 1.67% and a negative return on equity of 2.09%. On average, analysts expect that BRC will post -0.02 EPS for the current fiscal year.

Institutional Investors Weigh In On BRC

Hedge funds and other institutional investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its holdings in BRC by 24.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 22,233 shares of the company’s stock worth $71,000 after buying an additional 4,364 shares in the last quarter. Jones Financial Companies Lllp increased 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 worth $29,000 after purchasing an additional 4,637 shares in the last quarter. Wolverine Trading LLC boosted its holdings in shares of BRC by 48.3% in the fourth quarter. Wolverine Trading LLC now owns 18,221 shares of the company’s stock worth $56,000 after buying an additional 5,936 shares during the period. Intech Investment Management LLC raised its holdings in shares of BRC by 39.8% during the fourth quarter. Intech Investment Management LLC now owns 23,018 shares of the company’s stock valued at $73,000 after acquiring an additional 6,549 shares during the period. Finally, MetLife Investment Management LLC grew its position in BRC by 36.5% during the 4th quarter. MetLife Investment Management LLC now owns 25,036 shares of the company’s stock worth $79,000 after purchasing an additional 6,700 shares in the last quarter. 16.29% of the stock is currently owned by institutional investors.

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.