BRC (NYSE:BRCC) Price Target Cut to $15.00 by Analysts at Truist Financial

BRC (NYSE:BRCCGet Rating) had its price objective lowered by Truist Financial from $20.00 to $15.00 in a research note released on Friday morning, The Fly reports.

Other equities analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft decreased their target price on BRC from $19.00 to $14.00 in a research note on Friday. 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 lowered BRC from an outperform rating to a market perform rating in a research report on Tuesday, April 5th. DA Davidson increased their price target on BRC from $19.00 to $24.00 in a research report on Wednesday, April 20th. Finally, Telsey Advisory Group increased their price target on BRC from $13.00 to $19.00 and gave the company an outperform rating in a research report on Monday, March 14th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, BRC presently has a consensus rating of Hold and an average price target of $18.83.

Shares of NYSE BRCC traded up $0.45 during mid-day trading on Friday, reaching $11.48. 761,505 shares of the company’s stock were exchanged, compared to its average volume of 1,262,409. BRC has a 52-week low of $8.78 and a 52-week high of $34.00. The stock’s 50-day moving average is $18.49.

Hedge funds and other institutional investors have recently modified their holdings of the company. TCI Wealth Advisors Inc. acquired a new stake in shares of BRC during the 1st quarter worth about $35,000. Ovata Capital Management Ltd purchased a new position in BRC during the 1st quarter worth approximately $58,000. Wolff Wiese Magana LLC purchased a new position in BRC during the 1st quarter worth approximately $63,000. Penserra Capital Management LLC purchased a new position in BRC during the 1st quarter worth approximately $90,000. Finally, Herold Advisors Inc. purchased a new position in BRC during the 1st quarter worth approximately $98,000. 22.05% of the stock is currently owned by institutional investors and hedge funds.

BRC Company Profile (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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