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

BRC (NYSE:BRCC)‘s stock had its “outperform” rating reaffirmed by Telsey Advisory Group in a research report issued on Tuesday,Benzinga reports. They presently have a $2.50 price target on the stock. Telsey Advisory Group’s price objective suggests a potential upside of 74.22% from the company’s current price.

A number of other research analysts have also recently issued reports on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of BRC in a report on Wednesday, October 8th. Wall Street Zen raised BRC from a “sell” rating to a “hold” rating in a report on Monday, September 29th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $2.50.

BRC Stock Performance

NYSE:BRCC opened at $1.44 on Tuesday. The firm has a 50 day moving average of $1.49 and a 200-day moving average of $1.64. The company has a current ratio of 1.29, a quick ratio of 0.70 and a debt-to-equity ratio of 1.97. BRC has a 1 year low of $1.19 and a 1 year high of $3.52. The stock has a market capitalization of $356.20 million, a P/E ratio of -9.57 and a beta of 0.92.

BRC (NYSE:BRCC) last issued its quarterly earnings data on Monday, August 4th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $94.84 million during the quarter, compared to the consensus estimate of $91.78 million. As a group, sell-side analysts anticipate that BRC will post -0.02 EPS for the current fiscal year.

Insider Buying and Selling at BRC

In other news, Director Steven Taslitz bought 100,000 shares of the company’s stock in a transaction dated Thursday, August 7th. The stock was bought at an average price 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. The trade was a 5.93% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 69.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BRC

A number of institutional investors and hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. raised its position in shares of BRC by 204.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 651,251 shares of the company’s stock valued at $1,361,000 after acquiring an additional 437,359 shares during the last quarter. Cresset Asset Management LLC increased its holdings in BRC by 5.6% in the first quarter. Cresset Asset Management LLC now owns 3,297,158 shares of the company’s stock valued at $6,891,000 after purchasing an additional 175,343 shares during the last quarter. Cerity Partners LLC bought a new stake in BRC in the first quarter valued at about $518,000. Nuveen LLC bought a new stake in shares of BRC in the 1st quarter valued at about $257,000. Finally, XTX Topco Ltd increased its stake in shares of BRC by 51.1% in the 1st quarter. XTX Topco Ltd now owns 47,751 shares of the company’s stock valued at $100,000 after acquiring an additional 16,154 shares during the last quarter. 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.