BRC’s (BRCC) “Outperform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group restated their outperform rating on shares of BRC (NYSE:BRCC) in a research report sent to investors on Tuesday morning,Benzinga reports. The firm currently has a $2.50 target price on the stock.

BRCC has been the topic of a number of other research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of BRC in a research note on Wednesday, October 8th. Wall Street Zen upgraded BRC from a “sell” rating to a “hold” rating in a research report on Monday, September 29th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, BRC currently has an average rating of “Hold” and a consensus target price of $2.50.

BRC Price Performance

BRC stock opened at $1.21 on Tuesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.70 and a current ratio of 1.34. BRC has a 52 week low of $1.19 and a 52 week high of $3.34. The stock has a market capitalization of $299.11 million, a P/E ratio of -8.61 and a beta of 0.90. The stock has a fifty day moving average of $1.48 and a 200-day moving average of $1.63.

BRC (NYSE:BRCC) last released its quarterly earnings data on Monday, November 3rd. The company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). The business had revenue of $100.71 million for the quarter, compared to analyst estimates of $101.80 million. BRC had a negative return on equity of 11.48% and a negative net margin of 2.86%. BRC has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that BRC will post -0.02 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BRC

Institutional investors have recently modified their holdings of the company. Cresset Asset Management LLC raised its stake in BRC by 30.3% during the second quarter. Cresset Asset Management LLC now owns 4,297,158 shares of the company’s stock worth $5,629,000 after buying an additional 1,000,000 shares during the last quarter. QVIDTVM Management LLC grew its holdings in BRC by 1.2% during the 3rd quarter. QVIDTVM Management LLC now owns 3,340,681 shares of the company’s stock worth $5,211,000 after acquiring an additional 39,000 shares during the period. Millennium Management LLC raised its position in shares of BRC by 4.1% in the 1st quarter. Millennium Management LLC now owns 1,871,110 shares of the company’s stock worth $3,911,000 after acquiring an additional 72,962 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of BRC by 10.0% in the 2nd quarter. Geode Capital Management LLC now owns 1,270,764 shares of the company’s stock valued at $1,665,000 after purchasing an additional 115,289 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in shares of BRC by 204.5% in the 1st 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 period. 16.29% of the stock is owned by institutional investors.

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.