BRC’s (BRCC) Outperform Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group restated their outperform rating on shares of BRC (NYSE:BRCC) in a research report released on Tuesday,Benzinga reports. Telsey Advisory Group currently has a $2.50 price objective on the stock.

Other research analysts have also issued reports about the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of BRC in a report on Wednesday, January 21st. DA Davidson set a $2.50 price target on BRC in a research report on Wednesday, January 14th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, BRC currently has an average rating of “Hold” and a consensus target price of $2.33.

BRC Stock Up 22.4%

Shares of NYSE:BRCC opened at $0.79 on Tuesday. The company has a 50 day moving average price of $0.89 and a two-hundred day moving average price of $1.22. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.68 and a current ratio of 1.34. The company has a market capitalization of $196.29 million, a PE ratio of -5.64 and a beta of 0.94. BRC has a 52 week low of $0.60 and a 52 week high of $2.66.

BRC (NYSE:BRCC) last announced its quarterly earnings results on Monday, March 2nd. The company reported ($0.03) earnings per share for the quarter. BRC had a negative return on equity of 23.20% and a negative net margin of 2.99%.The firm had revenue of $112.74 million for the quarter. Analysts forecast that BRC will post -0.02 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of BRCC. Kestra Private Wealth Services LLC bought a new position in shares of BRC during the fourth quarter worth about $26,000. Engineers Gate Manager LP acquired a new position in BRC during the 2nd quarter worth approximately $27,000. CWM LLC grew its stake in shares of BRC by 63.3% during the 3rd quarter. CWM LLC now owns 18,616 shares of the company’s stock worth $29,000 after acquiring an additional 7,215 shares in the last quarter. Virtu Financial LLC grew its stake in shares of BRC by 82.2% during the 3rd quarter. Virtu Financial LLC now owns 21,037 shares of the company’s stock worth $33,000 after acquiring an additional 9,492 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of BRC by 96.1% in the fourth quarter. Invesco Ltd. now owns 30,140 shares of the company’s stock valued at $33,000 after purchasing an additional 14,769 shares during the last quarter. 16.29% of the stock is owned by institutional investors and hedge funds.

BRC Company Profile

Black Rifle Coffee Company, Inc is a veteran-owned specialty coffee roaster and retailer that offers a range of coffee products, merchandise and subscription services. The company sources, roasts and distributes its own blends and single-origin coffees, as well as ready-to-drink beverages and branded apparel. Its product lineup includes whole-bean and ground coffees, cold brew concentrates, K-cup pods and limited-edition small-batch offerings designed to appeal to active lifestyle and patriotic consumers.

Founded in 2014 by U.S.