BRC Inc. (NYSE:BRCC) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of BRC Inc. (NYSE:BRCC) have been given a consensus rating of “Moderate Buy” by the six research firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $7.92.

Separately, Telsey Advisory Group reiterated an “outperform” rating and issued a $8.00 price objective on shares of BRC in a research report on Monday, March 4th.

BRC Stock Down 0.9 %

BRCC opened at $4.33 on Tuesday. The company has a current ratio of 1.28, a quick ratio of 0.61 and a debt-to-equity ratio of 1.48. BRC has a 12 month low of $2.51 and a 12 month high of $5.85. The company has a market cap of $918.61 million, a PE ratio of -16.04 and a beta of 0.99. The company has a 50 day moving average of $4.33 and a 200 day moving average of $3.88.

BRC (NYSE:BRCC) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.20. The company had revenue of $119.65 million for the quarter, compared to analysts’ expectations of $124.38 million. BRC had a negative net margin of 4.23% and a positive return on equity of 4.11%. On average, sell-side analysts expect that BRC will post -0.01 EPS for the current year.

Institutional Trading of BRC

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Wasatch Advisors LP lifted its holdings in BRC by 334.0% during the first quarter. Wasatch Advisors LP now owns 1,459,418 shares of the company’s stock valued at $6,246,000 after purchasing an additional 1,123,157 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in BRC by 106,550.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 479,925 shares of the company’s stock worth $1,723,000 after buying an additional 479,475 shares in the last quarter. QVIDTVM Management LLC lifted its position in shares of BRC by 19.9% in the third quarter. QVIDTVM Management LLC now owns 2,477,346 shares of the company’s stock valued at $8,894,000 after acquiring an additional 411,231 shares in the last quarter. Anchor Capital Advisors LLC boosted its stake in shares of BRC by 68.4% in the third quarter. Anchor Capital Advisors LLC now owns 376,148 shares of the company’s stock worth $1,350,000 after acquiring an additional 152,793 shares during the period. Finally, Wesbanco Bank Inc. purchased a new stake in BRC during the 3rd quarter valued at approximately $258,000. Hedge funds and other institutional investors own 16.29% of the company’s stock.

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.