DA Davidson lowered the firm’s price target on BRC Inc. (BRCC) to $2.50 from $3 but keeps a Buy rating on the shares. The firm cites the company’s Q1 adjusted EBITDA miss, though beyond the near term gross margin pressure, in part due to coffee inflation and tariffs, BRC continues to take significant market share in key channels, with Nielsen data showing increases far above the industry, the analyst tells investors in a research note.
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Read More on BRCC:
- BRC Inc. price target lowered to $2 from $2.50 at Roth Capital
- BRC Inc. Reports Q1 2025 Financial Results
- Buy Rating Justified by BRC Inc.’s Sales Resilience and Growth Potential Despite Mixed Earnings
- BRC Inc. reports Q1 adjusted EBITDA $0.9M vs. $12.5M last year
- BRC Inc. affirms FY25 revenue view of $395M-$425M, consensus $406.5M