BRC (NYSE:BRCC) Rating Reiterated by DA Davidson

DA Davidson restated their buy rating on shares of BRC (NYSE:BRCC) in a report issued on Wednesday morning, Benzinga reports. The firm currently has a $5.50 price objective on the stock.

Several other equities analysts have also recently weighed in on BRCC. Telsey Advisory Group dropped their price target on shares of BRC from $8.00 to $6.00 and set an outperform rating on the stock in a research report on Friday, August 9th. Roth Capital lowered BRC from a strong-buy rating to a hold rating in a report on Friday, August 9th. Tigress Financial reaffirmed a buy rating and set a $11.00 target price on shares of BRC in a research report on Wednesday, May 22nd. Finally, Roth Mkm lowered BRC from a buy rating to a neutral rating and lowered their price target for the company from $8.00 to $4.00 in a research report on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $6.63.

BRC Trading Down 5.6 %

NYSE BRCC opened at $3.37 on Wednesday. BRC has a 52 week low of $2.51 and a 52 week high of $7.14. The business has a 50 day moving average price of $4.50 and a 200-day moving average price of $4.92. The company has a quick ratio of 0.59, a current ratio of 1.07 and a debt-to-equity ratio of 1.01. The company has a market cap of $715.50 million, a price-to-earnings ratio of -18.72 and a beta of 1.18.

BRC (NYSE:BRCC) last announced its quarterly earnings results on Wednesday, August 7th. The company reported ($0.01) EPS for the quarter, meeting analysts’ consensus estimates of ($0.01). BRC had a negative net margin of 1.88% and a positive return on equity of 17.53%. The business had revenue of $89.02 million during the quarter, compared to analyst estimates of $101.54 million. During the same quarter in the previous year, the business posted ($0.03) EPS. As a group, equities analysts expect that BRC will post -0.02 earnings per share for the current fiscal year.

Insider Transactions at BRC

In related news, Director Evan Hafer sold 1,000,000 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $3.17, for a total transaction of $3,170,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Evan Hafer sold 1,000,000 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $3.17, for a total value of $3,170,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas E. Davin sold 10,884 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $3.81, for a total transaction of $41,468.04. Following the transaction, the director now owns 15,851 shares of the company’s stock, valued at approximately $60,392.31. The disclosure for this sale can be found here. Insiders have sold 4,010,884 shares of company stock worth $12,811,468 in the last 90 days. Insiders own 73.80% of the company’s stock.

Institutional Investors Weigh In On BRC

Several large investors have recently modified their holdings of BRCC. Comerica Bank lifted its stake in BRC by 316.4% in the first quarter. Comerica Bank now owns 6,054 shares of the company’s stock valued at $26,000 after purchasing an additional 4,600 shares during the last quarter. nVerses Capital LLC purchased a new position in shares of BRC during the 2nd quarter valued at $28,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of BRC during the 1st quarter worth $45,000. Intrinsic Edge Capital Management LLC purchased a new stake in BRC in the 4th quarter worth about $50,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in BRC in the 4th quarter valued at about $72,000. Hedge funds and other institutional investors own 16.29% of the company’s stock.

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.