BRC (NYSE:BRCC) Given New $6.00 Price Target at Telsey Advisory Group

BRC (NYSE:BRCC) had its target price trimmed by Telsey Advisory Group from $8.00 to $6.00 in a research report sent to investors on Friday, Marketbeat.com reports. The firm currently has an outperform rating on the stock.

Several other research analysts have also issued reports on the stock. Needham & Company LLC restated a hold rating on shares of BRC in a research report on Thursday, May 16th. Roth Mkm cut BRC from a buy rating to a neutral rating and decreased their target price for the stock from $8.00 to $4.00 in a report on Friday. Finally, Tigress Financial reaffirmed a buy rating and set a $11.00 target price on shares of BRC in a report on Wednesday, May 22nd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of Hold and a consensus price target of $7.00.

BRC Stock Up 0.6 %

BRCC opened at $3.52 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.51 and a current ratio of 1.07. The company has a market capitalization of $747.37 million, a PE ratio of -19.55 and a beta of 1.21. The stock’s fifty day moving average is $5.76 and its 200-day moving average is $4.95. BRC has a one year low of $2.51 and a one year high of $7.14.

BRC (NYSE:BRCC) last issued its quarterly earnings results on Wednesday, August 7th. The company reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). BRC had a negative net margin of 2.78% and a positive return on equity of 14.15%. The firm had revenue of $89.02 million for the quarter, compared to analysts’ expectations of $101.54 million. During the same period in the previous year, the business earned ($0.03) earnings per share. On average, equities analysts predict that BRC will post 0.03 EPS for the current fiscal year.

Institutional Trading of BRC

Large investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its stake in BRC by 106.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,415 shares of the company’s stock valued at $27,000 after acquiring an additional 3,831 shares in the last quarter. Allworth Financial LP boosted its holdings in BRC by 83.6% in the fourth quarter. Allworth Financial LP now owns 9,776 shares of the company’s stock worth $35,000 after purchasing an additional 4,450 shares in the last quarter. Comerica Bank increased its position in BRC by 316.4% during the first quarter. Comerica Bank now owns 6,054 shares of the company’s stock worth $26,000 after buying an additional 4,600 shares during the last quarter. nVerses Capital LLC bought a new position in BRC during the second quarter valued at about $28,000. Finally, Tokio Marine Asset Management Co. Ltd. lifted its position in shares of BRC by 23.5% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 30,000 shares of the company’s stock worth $109,000 after buying an additional 5,700 shares during the last quarter. 16.29% of the stock is owned by institutional investors and hedge funds.

BRC Company Profile

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.