BRC Inc. continues to outperform, says DA Davidson

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.