BRC (NYSE:BRCC – Get Free Report) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.
Separately, Telsey Advisory Group reissued an “outperform” rating and issued a $4.00 target price on shares of BRC in a report on Tuesday, August 5th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $2.88.
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BRC Price Performance
Shares of BRC stock opened at $1.62 on Friday. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.29 and a quick ratio of 0.70. The business’s 50 day simple moving average is $1.61 and its two-hundred day simple moving average is $1.81. The stock has a market capitalization of $400.89 million, a P/E ratio of -10.77 and a beta of 0.93. BRC has a one year low of $1.19 and a one year high of $3.85.
BRC (NYSE:BRCC – Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04). The business had revenue of $94.84 million during the quarter, compared to the consensus estimate of $91.78 million. BRC had a negative return on equity of 12.88% and a negative net margin of 2.89%. BRC has set its FY 2025 guidance at EPS. Analysts forecast that BRC will post -0.02 EPS for the current year.
Insiders Place Their Bets
In other news, Director Stephen M. Kadenacy purchased 80,000 shares of the company’s stock in a transaction that occurred on Friday, July 18th. The stock was bought at an average cost of $1.25 per share, with a total value of $100,000.00. Following the completion of the purchase, the director owned 1,068,482 shares in the company, valued at approximately $1,335,602.50. This represents a 8.09% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Glenn W. Welling purchased 400,000 shares of the company’s stock in a transaction that occurred on Friday, July 18th. The shares were purchased at an average cost of $1.25 per share, with a total value of $500,000.00. Following the completion of the purchase, the director owned 13,935,560 shares of the company’s stock, valued at $17,419,450. The trade was a 2.96% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 676,000 shares of company stock worth $851,000. Company insiders own 73.80% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of BRCC. Cresset Asset Management LLC increased its holdings in shares of BRC by 30.3% in the 2nd quarter. Cresset Asset Management LLC now owns 4,297,158 shares of the company’s stock valued at $5,629,000 after acquiring an additional 1,000,000 shares during the period. QVIDTVM Management LLC increased its holdings in shares of BRC by 0.7% in the 1st quarter. QVIDTVM Management LLC now owns 3,301,681 shares of the company’s stock valued at $6,901,000 after acquiring an additional 23,047 shares during the period. Millennium Management LLC increased its holdings 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 valued at $3,911,000 after acquiring an additional 72,962 shares during the period. Geode Capital Management LLC increased its holdings 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 acquiring an additional 115,289 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings 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 acquiring an additional 437,359 shares during the period. 16.29% of the stock is currently owned by hedge funds and other institutional investors.
BRC Company Profile
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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.
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