Zacks Investment Research Upgrades BRC (NYSE:BRCC) to “Hold”

Zacks Investment Research upgraded shares of BRC (NYSE:BRCC – Get Rating) from a sell rating to a hold rating in a research report report published on Monday morning, Zacks.com reports.

According to Zacks, “Black Rifle Coffee Company is a premium coffee company. Black Rifle Coffee Company, formerly known as SilverBox Engaged Merger Corp I, is based in SALT LAKE CITY. “

A number of other research firms have also recently commented on BRCC. Deutsche Bank Aktiengesellschaft initiated coverage on BRC in a research note on Thursday, March 31st. They set a hold rating and a $19.00 target price on the stock. Citigroup initiated coverage on BRC in a research note on Tuesday, March 1st. They set a neutral rating and a $20.00 target price on the stock. Raymond James cut BRC from an outperform rating to a market perform rating in a research note on Tuesday, April 5th. Telsey Advisory Group lifted their target price on BRC from $13.00 to $19.00 and gave the stock an outperform rating in a research note on Monday, March 14th. Finally, Guggenheim assumed coverage on BRC in a research note on Monday, March 28th. They set a neutral rating on the stock. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $19.80.

Shares of NYSE BRCC traded down $0.12 during mid-day trading on Monday, reaching $23.00. 1,867,602 shares of the company’s stock were exchanged, compared to its average volume of 2,417,036. BRC has a 52 week low of $13.55 and a 52 week high of $34.00. The stock has a 50-day moving average price of $20.28.

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.

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