The stock of BRC Inc. (NYSE:BRCC) last traded at $6.03, down -1.31% from the previous session.
Data from the available sources indicates that BRC Inc. (NYSE:BRCC) is covered by 8 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $14.00 and a low of $8.00, we find $11.00. Given the previous closing price of $6.11, this indicates a potential upside of 80.03 percent. BRCC stock price is now -8.38% away from the 50-day moving average and -21.59% away from the 200-day moving average. The market capitalization of the company currently stands at $1.25B.
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In total, 4 analysts have assigned it a hold rating, and 4 have given it a buy rating. Brokers who have rated the stock have averaged $10.83 as their price target over the next twelve months.
On May 26, 2022, Tigress Financial recently initiated its ‘Buy’ rating on the stock quoting a target price of $17, while ‘Raymond James’ rates the stock as ‘Mkt Perform’.
In other news, Iverson Gregory James, Chief Financial Officer sold 50,000 shares of the company’s stock on Feb 15. The stock was sold for $401,460 at an average price of $8.03. Upon completion of the transaction, the Chief Financial Officer now directly owns 1,417,535 shares in the company, valued at $8.55 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 16, Director Welling Glenn W. bought 20,000 shares of the business’s stock. A total of $135,142 was incurred on buying the stock at an average price of $6.76. This leaves the insider owning 900,432 shares of the company worth $5.43 million. Insiders disposed of 14,042,811 shares of company stock worth roughly $84.68 million over the past 1 year. A total of 0.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BRCC stock. A new stake in BRC Inc. shares was purchased by CRESSET ASSET MANAGEMENT, LLC during the first quarter worth $5,496,000. MESIROW FINANCIAL INVESTMENT MANAGEMENT, INC. invested $230,000 in shares of BRCC during the first quarter. In the first quarter, SQUAREPOINT OPS LLC acquired a new stake in BRC Inc. valued at approximately $214,000. BELVEDERE TRADING LLC acquired a new stake in BRCC for approximately $127,000. TOKIO MARINE ASSET MANAGEMENT CO LTD purchased a new stake in BRCC valued at around $117,000 in the second quarter. In total, there are 163 active investors with 49.60% ownership of the company’s stock.
With an opening price of $6.07 on Wednesday morning, BRC Inc. (NYSE: BRCC) set off the trading day. During the past 12 months, BRC Inc. has had a low of $5.75 and a high of $34.00. As of last week, the company has a debt-to-equity ratio of 1.12, a current ratio of 2.40, and a quick ratio of 1.70. The fifty day moving average price for BRCC is $6.58 and a two-hundred day moving average price translates $7.69 for the stock.
The latest earnings results from BRC Inc. (NYSE: BRCC) was released for Sep, 2022. The net profit margin was -29.50% and return on equity was 252.70% for BRCC. The company reported revenue of $75.49 million for the quarter, compared to $60.11 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 25.6 percent. For the current quarter, analysts expect BRCC to generate $92.39M in revenue.
BRC Inc.(BRCC) Company Profile
BRC Inc., through its subsidiaries, purchases, roasts, and sells coffee, coffee accessories, and branded apparel. The company also produces media content; podcasts; and digital and print journals, as well as sells coffee brewing equipment, and outdoor and lifestyle gear. It supports active military, veterans, and first responders. The company offers its products through convenience, grocery, drug, and mass merchandise stores; outdoor, do it yourself, and lifestyle retailers; and company operated and franchised Black Rifle Coffee retail coffee shop locations, as well as through e-commerce. BRC Inc. was founded in 2014 and is based in Salt Lake City, Utah.
