BRC (NYSE:BRCC) Price Target Raised to $25.00

BRC (NYSE:BRCC) had its price objective boosted by DA Davidson from $2.50 to $25.00 in a research note released on Monday,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other research analysts have also weighed in on BRCC. Weiss Ratings lowered shares of BRC from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, August 4th. Wall Street Zen upgraded shares of BRC from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. Finally, Craig Hallum started coverage on shares of BRC in a research report on Monday, August 3rd. They issued a “buy” rating and a $17.50 price objective for the company. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, BRC has an average rating of “Moderate Buy” and a consensus target price of $22.50.

BRC Price Performance

BRCC opened at $8.39 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.42 and a quick ratio of 0.80. The company has a market capitalization of $210.08 million, a price-to-earnings ratio of -27.98 and a beta of 1.22. The firm’s fifty day moving average price is $10.32 and its two-hundred day moving average price is $10.61. BRC has a 1 year low of $6.00 and a 1 year high of $18.55.

Insiders Place Their Bets

In other BRC news, Director Stephen M. Kadenacy sold 10,500 shares of the business’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $8.20, for a total value of $86,100.00. Following the transaction, the director owned 23,495 shares of the company’s stock, valued at approximately $192,659. The trade was a 30.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 54.87% of the company’s stock.

Institutional Investors Weigh In On BRC

Large investors have recently made changes to their positions in the business. Cerity Partners LLC raised its stake in shares of BRC by 3.6% in the second quarter. Cerity Partners LLC now owns 256,827 shares of the company’s stock valued at $336,000 after buying an additional 8,930 shares during the period. JPMorgan Chase & Co. lifted its position in shares of BRC by 30.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 38,955 shares of the company’s stock valued at $61,000 after buying an additional 9,102 shares during the last quarter. Alliancebernstein L.P. grew its stake in shares of BRC by 9.3% during the 3rd quarter. Alliancebernstein L.P. now owns 107,900 shares of the company’s stock worth $168,000 after acquiring an additional 9,200 shares during the period. Virtu Financial LLC grew its stake in shares of BRC by 82.2% during the 3rd quarter. Virtu Financial LLC now owns 21,037 shares of the company’s stock worth $33,000 after acquiring an additional 9,492 shares during the period. Finally, Bank of America Corp DE increased its holdings in BRC by 9.2% in the 1st quarter. Bank of America Corp DE now owns 142,209 shares of the company’s stock worth $110,000 after acquiring an additional 11,933 shares during the last quarter. 16.29% of the stock is owned by hedge funds and other institutional investors.

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.