BRC’s (BRCC) “Buy” Rating Reiterated at Tigress Financial

BRC (NYSE:BRCC)‘s stock had its “buy” rating restated by stock analysts at Tigress Financial in a research note issued on Wednesday, Benzinga reports. They presently have a $11.00 target price on the stock. Tigress Financial’s target price indicates a potential upside of 92.64% from the company’s current price.

BRCC has been the subject of several other reports. Roth Mkm reissued a “buy” rating and set a $7.00 price target (up from $6.00) on shares of BRC in a report on Friday, May 10th. Needham & Company LLC reaffirmed a “hold” rating on shares of BRC in a research note on Thursday, May 16th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $8.00 price target on shares of BRC in a research report on Monday, May 6th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $8.00.

BRC Stock Performance

NYSE BRCC opened at $5.71 on Wednesday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.07 and a quick ratio of 0.51. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of -31.72 and a beta of 1.01. The company’s fifty day moving average is $4.56 and its two-hundred day moving average is $4.16. BRC has a 52-week low of $2.51 and a 52-week high of $5.92.

BRC (NYSE:BRCC) last posted its quarterly earnings results on Wednesday, March 6th. The company reported $0.19 earnings per share (EPS) 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 analyst estimates of $124.38 million. BRC had a negative net margin of 2.78% and a positive return on equity of 14.15%. Equities research analysts forecast that BRC will post 0.03 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. 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 buying an additional 4,600 shares in the last quarter. Vanguard Group Inc. lifted its stake in BRC by 0.3% in the first quarter. Vanguard Group Inc. now owns 4,162,960 shares of the company’s stock valued at $17,817,000 after buying an additional 14,361 shares in the last quarter. Magnolia Wealth Management LLC bought a new stake in shares of BRC in the first quarter worth $254,000. Maso Capital Partners Ltd bought a new stake in shares of BRC in the first quarter worth $2,140,000. Finally, Blair William & Co. IL bought a new stake in shares of BRC in the first quarter worth $731,000. Institutional investors and hedge funds 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.