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

BRC Inc. (NYSE:BRCC) has been given a consensus rating of “Hold” by the five research firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $2.50.

A number of research firms have recently commented on BRCC. Telsey Advisory Group restated an “outperform” rating and issued a $2.50 price objective on shares of BRC in a research report on Monday, October 27th. Weiss Ratings restated a “sell (e+)” rating on shares of BRC in a research report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of BRC from a “sell” rating to a “hold” rating in a research report on Monday, September 29th.

Insider Activity at BRC

In related news, Director Steven Taslitz bought 100,000 shares of the company’s stock in a transaction on Thursday, August 7th. The stock was acquired at an average cost of $1.31 per share, for a total transaction of $131,000.00. Following the completion of the transaction, the director directly owned 1,786,203 shares in the company, valued at $2,339,925.93. This trade represents a 5.93% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 69.00% of the company’s stock.

Institutional Investors Weigh In On BRC

Several hedge funds have recently bought and sold shares of BRCC. Cresset Asset Management LLC lifted its position in BRC by 30.3% during the second quarter. Cresset Asset Management LLC now owns 4,297,158 shares of the company’s stock valued at $5,629,000 after purchasing an additional 1,000,000 shares during the last quarter. Osaic Holdings Inc. lifted its position in BRC by 779.4% during the second quarter. Osaic Holdings Inc. now owns 563,840 shares of the company’s stock valued at $739,000 after purchasing an additional 499,722 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in BRC by 204.5% during the first quarter. Goldman Sachs Group Inc. now owns 651,251 shares of the company’s stock valued at $1,361,000 after purchasing an additional 437,359 shares during the last quarter. Marshall Wace LLP lifted its position in BRC by 1,922.7% during the second quarter. Marshall Wace LLP now owns 326,307 shares of the company’s stock valued at $427,000 after purchasing an additional 310,175 shares during the last quarter. Finally, Cerity Partners LLC bought a new stake in BRC during the first quarter valued at approximately $518,000. 16.29% of the stock is currently owned by institutional investors.

BRC Price Performance

Shares of NYSE:BRCC opened at $1.28 on Tuesday. The company has a 50-day moving average price of $1.50 and a two-hundred day moving average price of $1.65. The company has a quick ratio of 0.70, a current ratio of 1.29 and a debt-to-equity ratio of 1.97. BRC has a twelve month low of $1.19 and a twelve month high of $3.52. The firm has a market capitalization of $316.49 million, a PE ratio of -8.50 and a beta of 0.92.

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

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.