Brokerages Set BRC Inc. (NYSE:BRCC) Price Target at $2.50

BRC Inc. (NYSE:BRCC) has earned an average rating of “Hold” from the five analysts that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $2.50.

Several equities analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of BRC in a research note on Wednesday, October 8th. Wall Street Zen raised shares of BRC from a “sell” rating to a “hold” rating in a research report on Monday, September 29th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $2.50 target price on shares of BRC in a research report on Monday.

BRC Stock Performance

Shares of BRCC opened at $1.27 on Tuesday. The firm’s 50 day moving average is $1.50 and its 200-day moving average is $1.66. The stock has a market capitalization of $314.01 million, a P/E ratio of -8.43 and a beta of 0.92. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.29 and a quick ratio of 0.70. BRC has a 12-month low of $1.19 and a 12-month high of $3.52.

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

Insider Buying and Selling at BRC

In other news, Director Steven Taslitz bought 100,000 shares of the company’s stock in a transaction dated Thursday, August 7th. The shares were acquired at an average cost of $1.31 per share, with a total value of $131,000.00. Following the completion of the transaction, the director directly owned 1,786,203 shares in the company, valued at approximately $2,339,925.93. The trade was a 5.93% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 69.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. increased its position in shares of BRC by 204.5% in the first quarter. Goldman Sachs Group Inc. now owns 651,251 shares of the company’s stock worth $1,361,000 after acquiring an additional 437,359 shares in the last quarter. Cresset Asset Management LLC boosted its holdings 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 purchasing an additional 175,343 shares during the period. Cerity Partners LLC acquired a new stake in shares of BRC during the first quarter worth approximately $518,000. Nuveen LLC acquired a new stake in shares of BRC during the first quarter worth approximately $257,000. Finally, XTX Topco Ltd boosted its holdings in shares of BRC by 51.1% during the first quarter. XTX Topco Ltd now owns 47,751 shares of the company’s stock worth $100,000 after purchasing an additional 16,154 shares during the period. 16.29% of the stock is owned by hedge funds and other institutional investors.

BRC Company Profile

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.