How to buy Black Rifle Coffee stock
One company that has thrived during the pandemic is Black Rifle Coffee Company. Black Rifle Coffee Company is a mission-driven company that serves coffee to active military members, veterans, and “those who love America”. The company primarily operates digitally, offering customers the chance to purchase a coffee subscription service along with selling its wares though wholesale and a small number of sefl-owned retail outlets. This new coffee company could be an enormously profitable investment center, especially when you take into account the successes of other coffee stocks like Starbucks, Nestle, McDonald’s, and others.
How to buy Black Rifle coffee stock
Right now, you should be able to buy Black Rifle coffee stock trade on NASDAQ under the ticker symbol “BRCC.” Today, you can buy shares in companies like BRCC fully online through a low-cost (or free) online broker. When you’re comparing brokerages, keep an eye out for commissions charges for stock trades and any significant minimum investment requirements. Most top discount brokers now allow you to buy a fraction of a share and offer zero commission, such as Capital.com, Robinhood, Interactive Brokers and eToro.
Before buying Black Rifle Coffee stock—or any stock—it’s wise to do some research into the company’s financials, performance, and future outlook. Brokerage companies frequently put out commentary on major stocks and industries, and third-party evaluators like Morningstar provide a comprehensive analysis. You may also turn to experts for their input.
How to buy BRCC stock with a Financial Advisor
Although costlier than an online brokerage account, a financial advisor is a great investment alternative for newbie investors. A trusted financial advisor can help manage your investment portfolio and create a financial plan that fits your life and needs. Investors often overlook this holistic approach, but the rewards for working with an experienced professional can be substantial.
Could Black Rifle Coffee Company be a great growth stock?
The coffee industry continues to explode and new companies are forming constantly to grab their share of the profits. But besides profit, what do these coffee companies stand for? The philosophy of Black Rifle Coffee Company extends far beyond its profit margin.
Unlike many coffee outlets, their focus is online, not retail. Compared to Starbucks, Black Rifle Coffee Company is looking at a very much more limited market opportunity. Their commitment to providing the best coffee roasts, along with supporting current soldiers, veterans, and public service workers, are the cornerstones of this American company. According to the survey, 84 percent of the respondents said that they purchase Black Rifle Coffee to support the military and veterans. Almost half of BRCC employees are either veterans or veteran spouses. A business model that has resonated with people around the U.S. and has allowed the company to use its profits to benefit those who serve others. However, will investors buy into Black Rifle?
Should you invest in Black Rifle Coffee Company?
Black Rifle Coffee Company is a rapidly growing coffee company with an incredibly loyal and expanding community of more than 1.9 million lifetime consumers, 270,000+ active coffee club subscribers, and a large and growing social media following. Its subscription service currently accounts for 75% of its revenue.
They are a highly scalable platform that is gaining market share and delivering strong financial results. BRCC expects to post revenues of $230 million in 2021, which it forecasts will rise to $430 million by 2023. If that trend can hold, then Black Rifle may be one of those ugly ducklings that grow into a beautiful swan.
The worst thing any investor can do is become emotionally attached to a stock. We all know that we shouldn’t have a feeling towards these companies in one way or another. Be sure to do your due diligence on the company before investing.
In addition, rather than just committing a one-time sum of money to the stock, consider how you can add money to your position over time.
Is Black Rifle Coffee stock a good buy now?
Given the positive growth that the Black Rifle Coffee stock has garnered since its debut in the stock market, many stock traders have taken an interest in this stock, leading to its popularity among investors. Overall, while BRCC stock might see an initial pop, it could be down with a high valuation.
Based on 3 analysts offering recommendations for BRCC, the overall consensus is Buy. The average price target is $13.33 with a high forecast of $14.00 and a low forecast of $13.00. The average price target represents a -29.02% change from the last price of $18.78.
While some people think that Black Rifle Coffee could be the "next Starbucks" at least for conservatives, the company has a long road ahead if it intends to challenge the coffee giant.
Alternative Investments
While you can now buy stock in Black Rifle Coffee Company, there are several other established companies in the coffee industry. Here are some of alternative options: McDonald’s (MCD), Starbucks (SBUX), Nestle (NSRGY), J.M. Smucker Company (SJM), Coffee Holding Co., Inc. (JVA), Farmer Brothers Company (FARM), Restaurant Brands International (QSR), Keurig Dr Pepper Inc. (KDP), Yum China Holdings, Inc. (YUMC), Monster Beverage Corporation (MNST).
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