BRC (NYSE:BRCC) Sets New 12-Month Low at $8.16

BRC Inc. (NYSE:BRCCGet Rating)’s share price reached a new 52-week low on Monday . The company traded as low as $8.16 and last traded at $8.16, with a volume of 425 shares traded. The stock had previously closed at $8.75.

BRCC has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reduced their target price on shares of BRC from $19.00 to $14.00 in a research report on Friday, May 13th. Telsey Advisory Group raised their target price on shares of BRC from $13.00 to $19.00 and gave the stock an “outperform” rating in a research report on Monday, March 14th. Tigress Financial initiated coverage on shares of BRC in a research report on Thursday, May 26th. They set a “buy” rating and a $17.00 target price on the stock. Guggenheim initiated coverage on shares of BRC in a research report on Monday, March 28th. They set a “neutral” rating on the stock. Finally, Raymond James lowered shares of BRC from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 5th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $18.57.

The firm’s 50 day moving average is $15.22.

A number of institutional investors and hedge funds have recently made changes to their positions in BRCC. Engaged Capital LLC acquired a new stake in BRC in the first quarter valued at approximately $334,442,000. Stormborn Capital Management LLC acquired a new stake in BRC in the first quarter valued at approximately $7,773,000. Vanguard Group Inc. acquired a new stake in BRC in the first quarter valued at approximately $6,479,000. BlackRock Inc. acquired a new stake in BRC in the first quarter valued at approximately $6,188,000. Finally, Charles Schwab Investment Management Inc. acquired a new stake in BRC in the first quarter valued at approximately $2,454,000. Institutional investors own 22.05% of the company’s stock.

BRC Company Profile (NYSE:BRCC)

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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