Wednesday, August 24, 2022 2:46:54 PM
Analyst Sees 90% Upside On BRC As Focus Shifts To Mass-Market Distribution
Mentioned: BRCC
Tigress Financial analyst Ivan Feinseth reiterated a Buy rating on the shares of BRC Inc (NYSE: BRCC) and raised the price target to $19 from $17, implying a 90.7% upside.
The analyst thinks more focus on mass market distribution will likely increase sales growth and visibility for its brand and products.
BRCC's shift in its distribution strategy will accelerate near-term sales and brand recognition with lower capital investment, said the analyst.
Feinseth added that the company's Q2 earnings indicate growth driven by strong product demand.
BRC's strong social media following and passionate customer/fan base will continue to drive accelerating growth and brand engagement, the analyst noted.
Price Action: BRCC shares are trading higher by 1.84% at $9.95 on the last check Tuesday.
Latest Ratings for BRCC DateFirmActionFromTo
Mar 2022Truist SecuritiesInitiates Coverage OnHold Mar 2022Raymond JamesInitiates Coverage OnOutperform
View More Analyst Ratings for BRCC
View the Latest Analyst Ratings
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Recent BRCC News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/08/2024 08:21:07 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/08/2024 08:17:34 PM
- BRC Inc. Reports First Quarter 2024 Financial Results • Business Wire • 05/08/2024 08:15:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/07/2024 08:37:16 PM
- Black Rifle Coffee Company Announces Dates for Its First Quarter 2024 Earnings Release and Conference Call • Business Wire • 04/25/2024 08:05:00 PM
- Form PRE 14A - Other preliminary proxy statements • Edgar (US Regulatory) • 03/08/2024 09:31:02 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 03/06/2024 09:27:58 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/06/2024 09:24:20 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/06/2024 09:17:07 PM
- BRC Inc. Reports Fourth Quarter 2023 Financial Results • Business Wire • 03/06/2024 09:15:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 09:59:49 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 09:59:24 PM
- Black Rifle Coffee Company Announces Dates for Its Fourth Quarter and Full Year Earnings Release and Conference Call • Business Wire • 02/26/2024 09:05:00 PM
- UFC® and Black Rifle Coffee Company Announce Multi-Year Live Event Marketing Partnership • Business Wire • 02/13/2024 01:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/08/2024 02:19:51 PM
- Black Rifle Coffee Company to Participate in the 2024 ICR Conference • Business Wire • 01/03/2024 12:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/29/2023 11:13:12 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/29/2023 09:30:52 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/15/2023 09:04:31 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/09/2023 09:16:22 PM
- BRC Inc. Reports Third Quarter 2023 Financial Results • Business Wire • 11/09/2023 09:15:00 PM
- Black Rifle Coffee Company and UFC® Join the Fight Against Service-Related Illness with HunterSeven Foundation • Business Wire • 11/09/2023 03:00:00 PM
- Black Rifle Coffee Company to Report Third Quarter 2023 Financial Results on November 9, 2023 • Business Wire • 10/26/2023 08:05:00 PM
- Black Rifle Coffee Company Earns Top-10 Ranking in MountainWest Capital Network’s Utah 100 – 2023 • Business Wire • 10/17/2023 03:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/22/2023 08:36:31 PM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM