BRC (NYSE:BRCC) Stock Price Down 5.1%

BRC Inc. (NYSE:BRCC)’s stock price traded down 5.1% on Tuesday . The stock traded as low as $5.97 and last traded at $6.01. 470,988 shares changed hands during trading, a decline of 40% from the average session volume of 790,832 shares. The stock had previously closed at $6.33.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Roth Mkm reaffirmed a “buy” rating and set a $7.00 target price (up previously from $6.00) on shares of BRC in a research note on Friday, May 10th. Tigress Financial reiterated a “buy” rating and set a $11.00 price target on shares of BRC in a report on Wednesday, May 22nd. Telsey Advisory Group reiterated an “outperform” rating and set a $8.00 price target on shares of BRC in a report on Monday, May 6th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of BRC in a report on Thursday, May 16th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $8.00.

BRC Trading Down 1.6 %

The company has a fifty day moving average of $5.10 and a two-hundred day moving average of $4.47. The company has a current ratio of 1.07, a quick ratio of 0.51 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of -33.22 and a beta of 1.20.

BRC (NYSE:BRCC) last posted its earnings results on Wednesday, May 8th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.04. BRC had a positive return on equity of 14.15% and a negative net margin of 2.78%. The firm had revenue of $98.39 million during the quarter, compared to analyst estimates of $97.78 million. On average, research analysts expect that BRC Inc. will post 0.03 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BRCC. PNC Financial Services Group Inc. increased its position in shares of BRC by 106,550.0% during the third quarter. PNC Financial Services Group Inc. now owns 479,925 shares of the company’s stock valued at $1,723,000 after purchasing an additional 479,475 shares during the period. QVIDTVM Management LLC increased its position in shares of BRC by 19.9% during the third quarter. QVIDTVM Management LLC now owns 2,477,346 shares of the company’s stock valued at $8,894,000 after purchasing an additional 411,231 shares during the period. Hollencrest Capital Management grew its position in BRC by 9.3% in the third quarter. Hollencrest Capital Management now owns 106,222 shares of the company’s stock valued at $381,000 after acquiring an additional 9,000 shares during the period. Wesbanco Bank Inc. bought a new stake in BRC in the third quarter valued at $258,000. Finally, SG Americas Securities LLC bought a new stake in BRC in the fourth quarter valued at $37,000. 16.29% of the stock is currently owned by institutional investors and hedge funds.

About BRC

BRC Inc, through its subsidiaries, purchases, roasts, and sells coffee, coffee accessories, and branded apparel in the United States. The company also produces media content, as well as sells coffee brewing equipment, and outdoor and lifestyle gear. It supports active military, veterans, and first responders.