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

BRC (NYSE:BRCCGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday, 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. “

Several other equities analysts also recently commented on the company. DA Davidson upped their price objective on BRC from $19.00 to $24.00 in a research note on Wednesday, April 20th. Raymond James downgraded BRC from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 5th. Guggenheim initiated coverage on BRC in a research report on Monday, March 28th. They set a “neutral” rating on the stock. William Blair initiated coverage on BRC in a research report on Monday, March 7th. They set an “outperform” rating on the stock. Finally, Citigroup initiated coverage on BRC in a research report on Tuesday, March 1st. They set a “neutral” rating and a $20.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, BRC currently has an average rating of “Hold” and an average price target of $20.50.

BRC stock traded down $1.11 during trading on Tuesday, hitting $15.14. The stock had a trading volume of 1,187,968 shares, compared to its average volume of 2,351,819. BRC has a 1 year low of $13.55 and a 1 year high of $34.00. The company’s 50 day moving average price is $19.68.

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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