Roth MKM lowered the firm’s price target on BRC Inc. (BRCC) to $3.50 from $4 and keeps a Neutral rating on the shares after its Q3 results and narrowed guidance. The company continues to take share, posting 15% velocities in the quarter compared to a flat category, and sales to Walmart (WMT) were stable year-over-year as total distribution points declined after rationalizing some SKUs, the analyst tells investors in a research note.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BRCC:
- 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?
- BRC Inc. names Matt McGinley as Vice President of Investor Relations