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

Telsey Advisory Group restated their outperform rating on shares of BRC (NYSE:BRCC) in a research note issued to investors on Wednesday morning,Benzinga reports. The firm currently has a $2.50 price target on the stock.

Several other brokerages have also issued reports on BRCC. Weiss Ratings reiterated a “sell (e+)” rating on shares of BRC in a report on Wednesday, October 8th. Wall Street Zen raised shares of BRC from a “sell” rating to a “hold” rating in a research report on Monday, September 29th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, BRC presently has a consensus rating of “Hold” and a consensus price target of $2.38.

BRC Trading Down 0.7%

BRC stock opened at $0.98 on Wednesday. BRC has a 12 month low of $0.93 and a 12 month high of $3.07. The company has a quick ratio of 0.68, a current ratio of 1.34 and a debt-to-equity ratio of 0.44. The stock has a market cap of $244.52 million, a P/E ratio of -7.03 and a beta of 0.91. The company’s fifty day simple moving average is $1.18 and its 200-day simple moving average is $1.41.

BRC (NYSE:BRCC) last announced its quarterly earnings data on Monday, November 3rd. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). BRC had a negative return on equity of 11.48% and a negative net margin of 2.86%.The business had revenue of $100.71 million during the quarter, compared to analyst estimates of $101.80 million. As a group, sell-side analysts forecast that BRC will post -0.02 EPS for the current fiscal year.

Insider Transactions at BRC

In related news, Director Steven Taslitz purchased 100,000 shares of the stock in a transaction on Wednesday, November 12th. The shares were bought at an average price of $1.28 per share, for a total transaction of $128,000.00. Following the completion of the acquisition, the director directly owned 451,184 shares in the company, valued at approximately $577,515.52. This trade represents a 28.48% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 69.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BRCC. AQR Capital Management LLC lifted its position in BRC by 342.1% during the 1st quarter. AQR Capital Management LLC now owns 56,861 shares of the company’s stock worth $119,000 after acquiring an additional 43,998 shares during the last quarter. Millennium Management LLC increased its position in BRC by 4.1% in the 1st quarter. Millennium Management LLC now owns 1,871,110 shares of the company’s stock worth $3,911,000 after buying an additional 72,962 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of BRC by 204.5% in the first 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. R Squared Ltd bought a new stake in shares of BRC in the second quarter valued at approximately $28,000. Finally, Disciplined Investors L.L.C. boosted its holdings in BRC by 24.8% in the 2nd quarter. Disciplined Investors L.L.C. now owns 98,000 shares of the company’s stock valued at $128,000 after purchasing an additional 19,500 shares during the period. 16.29% of the stock is currently owned by institutional investors and hedge funds.

About BRC

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.