DA Davidson keeps a Buy rating and $5.00 price target on BRC Inc. (BRCC), saying that according to the Nielsen IQ data, the company’s sales and volumes trends “continue to outperform”. Industry wide packaged coffee sales were down 0.8% in November compared to down 2.2% in October, and RTD – ready-to-drink coffee sales were up 0.2%, down slightly from October’s 0.5% increase, but BRC’s packaged coffee business was up 15% – accelerating from 10.7% in October – and its RTD business grew 4.5% vs. 3.7% growth in October, the analyst tells investors in a research note.
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Read More on BRCC:
- BRC Inc. price target lowered to $3.50 from $4 at Roth MKM
- BRC Inc. Reports Mixed Q3 2024 Results with Strategic Growth Plans
- BRC Inc. reports Q3 EPS (1c), consensus (2c)
- BRC Inc. narrows FY24 revenue view to $390M-$395M from $385M-$415M
- BRCC Earnings Report this Week: Is It a Buy, Ahead of Earnings?
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
