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

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

Several other analysts have also recently commented on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of BRC in a research note on Wednesday, January 21st. DA Davidson set a $2.50 price objective on BRC in a report on Wednesday, January 14th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $2.33.

BRC Trading Down 3.3%

BRC stock opened at $0.75 on Tuesday. The stock has a 50-day moving average price of $0.87 and a 200 day moving average price of $1.21. BRC has a 52 week low of $0.60 and a 52 week high of $2.40. The stock has a market cap of $186.70 million, a PE ratio of -5.37 and a beta of 0.94. The company has a current ratio of 1.32, a quick ratio of 0.68 and a debt-to-equity ratio of 0.48.

BRC (NYSE:BRCC) last released its quarterly earnings results on Monday, March 2nd. The company reported ($0.03) earnings per share (EPS) for the quarter. The firm had revenue of $112.74 million for the quarter. BRC had a negative return on equity of 21.46% and a negative net margin of 2.99%. Equities research analysts predict that BRC will post -0.02 earnings per share for the current fiscal year.

Institutional Trading of BRC

Institutional investors have recently modified their holdings of the company. Kestra Private Wealth Services LLC acquired a new stake in BRC during the 4th quarter worth approximately $26,000. Engineers Gate Manager LP purchased a new stake in BRC during the second quarter worth approximately $27,000. CWM LLC increased its position in shares of BRC by 63.3% in the third quarter. CWM LLC now owns 18,616 shares of the company’s stock worth $29,000 after acquiring an additional 7,215 shares in the last quarter. Virtu Financial LLC raised its stake in shares of BRC by 82.2% in the 3rd quarter. Virtu Financial LLC now owns 21,037 shares of the company’s stock valued at $33,000 after acquiring an additional 9,492 shares during the period. Finally, Invesco Ltd. raised its stake in shares of BRC by 96.1% in the 4th quarter. Invesco Ltd. now owns 30,140 shares of the company’s stock valued at $33,000 after acquiring an additional 14,769 shares during the period. Hedge funds and other institutional investors own 16.29% of the company’s stock.

BRC Company Profile

Black Rifle Coffee Company, Inc is a veteran-owned specialty coffee roaster and retailer that offers a range of coffee products, merchandise and subscription services. The company sources, roasts and distributes its own blends and single-origin coffees, as well as ready-to-drink beverages and branded apparel. Its product lineup includes whole-bean and ground coffees, cold brew concentrates, K-cup pods and limited-edition small-batch offerings designed to appeal to active lifestyle and patriotic consumers.

Founded in 2014 by U.S.