BRC’s (BRCC) Outperform Rating Reaffirmed at Telsey Advisory Group

BRC (NYSE:BRCC)‘s stock had its “outperform” rating restated by equities research analysts at Telsey Advisory Group in a note issued to investors on Tuesday,Benzinga reports. They presently have a $2.50 price target on the stock. Telsey Advisory Group’s price target suggests a potential upside of 288.02% from the company’s current price.

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

BRC Trading Up 2.4%

NYSE:BRCC opened at $0.64 on Tuesday. The stock has a market cap of $160.11 million, a price-to-earnings ratio of -4.60 and a beta of 0.90. BRC has a one year low of $0.61 and a one year high of $2.78. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.68 and a current ratio of 1.34. The business’s 50-day simple moving average is $0.90 and its 200 day simple moving average is $1.22.

BRC (NYSE:BRCC) last posted its quarterly earnings data on Monday, March 2nd. The company reported ($0.03) earnings per share (EPS) for the quarter. BRC had a negative return on equity of 11.48% and a negative net margin of 2.86%.The business had revenue of $112.74 million for the quarter. As a group, sell-side analysts predict that BRC will post -0.02 earnings per share for the current fiscal year.

Institutional Trading of BRC

Hedge funds have recently made changes to their positions in the stock. Alyeska Investment Group L.P. acquired a new position in BRC during the 3rd quarter valued at approximately $16,206,000. Cresset Asset Management LLC increased its position in BRC by 30.3% in 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 period. Vanguard Group Inc. increased its position in BRC by 50.9% in the third quarter. Vanguard Group Inc. now owns 4,152,681 shares of the company’s stock worth $6,478,000 after buying an additional 1,399,833 shares during the period. QVIDTVM Management LLC lifted its stake in BRC by 1.8% in the fourth quarter. QVIDTVM Management LLC now owns 3,400,681 shares of the company’s stock valued at $3,775,000 after buying an additional 60,000 shares during the last quarter. Finally, Nantahala Capital Management LLC acquired a new position in shares of BRC during the third quarter valued at $4,104,000. 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.