Tigress Financial Begins Coverage on BRC (NYSE:BRCC)

Investment analysts at Tigress Financial began coverage on shares of BRC (NYSE:BRCCGet Rating) in a research note issued on Thursday, Briefing.com reports. The brokerage set a “buy” rating and a $17.00 price target on the stock. Tigress Financial’s target price would suggest a potential upside of 83.78% from the stock’s previous close.

BRCC has been the subject of a number of other reports. Telsey Advisory Group increased their price objective on BRC from $13.00 to $19.00 and gave the stock an “outperform” rating in a research report on Monday, March 14th. Guggenheim assumed coverage on BRC in a research report on Monday, March 28th. They set a “neutral” rating for the company. Raymond James cut BRC from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 5th. Truist Financial decreased their price objective on BRC from $20.00 to $15.00 in a research report on Friday, May 13th. Finally, Zacks Investment Research raised BRC from a “sell” rating to a “hold” rating in a research note on Monday, May 9th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, BRC presently has a consensus rating of “Hold” and a consensus price target of $18.57.

BRC stock traded up $0.24 during mid-day trading on Thursday, reaching $9.25. 31,704 shares of the company were exchanged, compared to its average volume of 1,911,349. BRC has a twelve month low of $8.45 and a twelve month high of $34.00. The stock has a 50-day moving average price of $17.45.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UBS Group AG purchased a new position in BRC in the 1st quarter valued at approximately $28,000. TCI Wealth Advisors Inc. purchased a new position in BRC in the 1st quarter valued at approximately $35,000. Ovata Capital Management Ltd purchased a new position in BRC in the 1st quarter valued at approximately $58,000. Wolff Wiese Magana LLC purchased a new position in BRC in the 1st quarter valued at approximately $63,000. Finally, Penserra Capital Management LLC purchased a new position in BRC during the first quarter worth $90,000. 22.05% of the stock is owned by hedge funds and other institutional investors.

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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