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

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

Separately, Telsey Advisory Group reaffirmed an “outperform” rating and set a $4.00 target price 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 given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $2.88.

BRC Trading Up 1.6%

NYSE BRCC opened at $1.56 on Monday. BRC has a twelve month low of $1.19 and a twelve month high of $3.61. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.70 and a current ratio of 1.29. The stock has a market cap of $386.00 million, a price-to-earnings ratio of -10.37 and a beta of 0.93. The firm’s 50 day moving average price is $1.61 and its two-hundred day moving average price is $1.77.

BRC (NYSE:BRCC) last issued 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 for the quarter, compared to analysts’ expectations of $91.78 million. BRC has set its FY 2025 guidance at EPS. Equities analysts anticipate that BRC will post -0.02 EPS for the current year.

Insider Transactions at BRC

In other BRC news, Director Evan Hafer bought 80,000 shares of the firm’s stock in a transaction on Friday, July 18th. The stock was bought at an average cost of $1.25 per share, with a total value of $100,000.00. Following the completion of the transaction, the director directly owned 80,000 shares of the company’s stock, valued at approximately $100,000. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen M. Kadenacy acquired 80,000 shares of the firm’s stock in a transaction that occurred on Friday, July 18th. The stock was acquired at an average price of $1.25 per share, with a total value of $100,000.00. Following the completion of the acquisition, the director directly owned 1,068,482 shares of the company’s stock, valued at $1,335,602.50. This represents a 8.09% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 676,000 shares of company stock worth $851,000. 73.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BRC

A number of large investors have recently bought and sold shares of the business. Osaic Holdings Inc. boosted its stake in shares of BRC by 779.4% during the 2nd quarter. Osaic Holdings Inc. now owns 563,840 shares of the company’s stock worth $739,000 after acquiring an additional 499,722 shares in the last quarter. Engineers Gate Manager LP bought a new stake in BRC during the second quarter worth approximately $27,000. Bank of America Corp DE boosted its position in BRC by 313.1% during the second quarter. Bank of America Corp DE now owns 218,256 shares of the company’s stock worth $286,000 after purchasing an additional 165,418 shares during the period. Cerity Partners LLC boosted its position in BRC by 3.6% during the second quarter. Cerity Partners LLC now owns 256,827 shares of the company’s stock worth $336,000 after purchasing an additional 8,930 shares during the period. Finally, Cresset Asset Management LLC boosted its position in BRC by 30.3% during the second quarter. Cresset Asset Management LLC now owns 4,297,158 shares of the company’s stock worth $5,629,000 after purchasing an additional 1,000,000 shares during the period. 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.