BRC (NYSE:BRCC) Upgraded by Wall Street Zen to Hold Rating

BRC (NYSE:BRCC) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Separately, Telsey Advisory Group restated an “outperform” rating and issued a $4.00 price target on shares of BRC in a research note on Tuesday, August 5th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $2.88.

BRC Trading Down 2.7%

Shares of BRC stock opened at $1.62 on Friday. BRC has a 12-month low of $1.19 and a 12-month high of $3.85. The stock has a market cap of $400.89 million, a P/E ratio of -10.77 and a beta of 0.92. The company has a quick ratio of 0.70, a current ratio of 1.29 and a debt-to-equity ratio of 1.97. The business’s 50 day moving average is $1.61 and its 200-day moving average is $1.82.

BRC (NYSE:BRCC) last posted its quarterly earnings results on Monday, August 4th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04). BRC had a negative net margin of 2.89% and a negative return on equity of 12.88%. The business had revenue of $94.84 million during the quarter, compared to the consensus estimate of $91.78 million. BRC has set its FY 2025 guidance at EPS. Equities research analysts predict that BRC will post -0.02 earnings per share for the current fiscal year.

Insider Transactions at BRC

In related news, Director Stephen M. Kadenacy bought 80,000 shares of BRC stock in a transaction dated Friday, July 18th. The shares were bought at an average cost of $1.25 per share, with a total value of $100,000.00. Following the acquisition, the director owned 1,068,482 shares in the company, valued at $1,335,602.50. This trade represents a 8.09% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Steven Taslitz bought 100,000 shares of BRC stock in a transaction dated Thursday, August 7th. The shares were bought at an average cost of $1.31 per share, for a total transaction of $131,000.00. Following the completion of the acquisition, the director owned 1,786,203 shares in the company, valued at $2,339,925.93. This represents a 5.93% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 676,000 shares of company stock valued at $851,000. Corporate insiders own 69.00% of the company’s stock.

Institutional Trading of BRC

Several institutional investors and hedge funds have recently modified their holdings of the business. Cresset Asset Management LLC raised its position in shares of BRC by 5.6% during the first quarter. Cresset Asset Management LLC now owns 3,297,158 shares of the company’s stock worth $6,891,000 after acquiring an additional 175,343 shares during the last quarter. Millennium Management LLC raised its position in shares of BRC by 1,018.3% during the fourth quarter. Millennium Management LLC now owns 1,798,148 shares of the company’s stock worth $5,700,000 after acquiring an additional 1,637,357 shares during the last quarter. Cerity Partners LLC bought a new position in shares of BRC during the first quarter worth about $518,000. Northern Trust Corp raised its position in shares of BRC by 2.2% during the fourth quarter. Northern Trust Corp now owns 417,230 shares of the company’s stock worth $1,323,000 after acquiring an additional 8,790 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new position in shares of BRC during the fourth quarter worth about $872,000. 16.29% of the stock is currently owned by institutional investors.

About BRC

BRC Inc, through its subsidiaries, purchases, roasts, and sells coffee, coffee accessories, and branded apparel in the United States. The company also produces media content, as well as sells coffee brewing equipment, and outdoor and lifestyle gear. It supports active military, veterans, and first responders.