Telsey Advisory Group Reiterates Outperform Rating for BRC (NYSE:BRCC)

BRC (NYSE:BRCC)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Telsey Advisory Group in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $2.50 price target on the stock. Telsey Advisory Group’s target price suggests a potential upside of 222.12% from the company’s current price.

Other equities research analysts also recently issued reports about the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of BRC in a report on Wednesday, January 21st. DA Davidson set a $2.50 price objective on shares of 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $2.33.

BRC Trading Down 4.2%

BRCC opened at $0.78 on Tuesday. BRC has a twelve month low of $0.60 and a twelve month high of $2.40. The company has a fifty day moving average of $0.88 and a 200-day moving average of $1.21. The stock has a market cap of $192.86 million, a PE ratio of -5.54 and a beta of 0.94. The company has a quick ratio of 0.68, a current ratio of 1.32 and a debt-to-equity ratio of 0.48.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Kestra Private Wealth Services LLC acquired a new stake in shares of BRC in the 4th quarter worth about $26,000. Engineers Gate Manager LP bought a new stake in BRC during the 2nd quarter worth approximately $27,000. CWM LLC increased its holdings in BRC by 63.3% during the 3rd quarter. CWM LLC now owns 18,616 shares of the company’s stock worth $29,000 after purchasing an additional 7,215 shares in the last quarter. Virtu Financial LLC raised its stake in shares of BRC by 82.2% in the third quarter. Virtu Financial LLC now owns 21,037 shares of the company’s stock worth $33,000 after purchasing an additional 9,492 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of BRC by 96.1% in the fourth quarter. Invesco Ltd. now owns 30,140 shares of the company’s stock valued at $33,000 after purchasing an additional 14,769 shares in the last quarter. 16.29% of the stock is currently owned by institutional investors and hedge funds.

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.