BRC (NYSE:BRCC) Price target cut to $15.00 by Truist Financial analysts


BRC (NYSE: BRCCGet a rating) had its price target lowered by Truist Financial from $20.00 to $15.00 in a research note released on Friday morning, Fly reports.

Other stock analysts have also published research reports on the company. Deutsche Bank Aktiengesellschaft cut its target price on BRC from $19.00 to $14.00 in a research note on Friday. Citigroup launched coverage on BRC in a research note on Tuesday, March 1. They set a neutral rating and a target price of $20.00 on the stock. Raymond James downgraded the BRC from an outperform rating to a market performance rating in a Tuesday, April 5 research report. DA Davidson raised his price target on BRC from $19.00 to $24.00 in a research report on Wednesday, April 20. Finally, Telsey Advisory Group raised its price target on BRC from $13.00 to $19.00 and gave the company an outperform rating in a Monday, March 14 research report. Six investment analysts gave the stock a hold rating and two gave the company a buy rating. According to MarketBeat, BRC currently has a consensus rating of Hold and an average price target of $18.83.

Shares of NYSE BRCC traded at $0.45 during the midday session on Friday, reaching $11.48. 761,505 shares of the company were traded, against an average volume of 1,262,409. BRC has a 52-week low of $8.78 and a 52-week high of $34.00. The 50-day moving average for the stock is $18.49.

Hedge funds and other institutional investors have recently changed their holdings in the company. TCI Wealth Advisors Inc. acquired a new equity stake in BRC during Q1 worth approximately $35,000. Ovata Capital Management Ltd bought a new position in BRC during Q1 worth approximately $58,000. Wolff Wiese Magana LLC bought a new position in BRC during Q1 worth approximately $63,000. Penserra Capital Management LLC bought a new position in BRC during Q1 worth approximately $90,000. Finally, Herold Advisors Inc. bought a new position in BRC during Q1 worth approximately $98,000. 22.05% of the shares are currently held by institutional investors and hedge funds.

BRC Company Profile (Get a rating)

BRC Inc, through its subsidiaries, buys, roasts and sells branded coffee, coffee accessories and apparel. The company also produces multimedia content; podcasts; and digital and print journals, as well as coffee-making gear and outdoor and lifestyle gear. It supports active military, veterans, and first responders.

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