BRC (NYSE:BRCC) Trading Down 4.1% – What’s Next?

BRC Inc. (NYSE:BRCC) shares traded down 4.1% on Friday . The company traded as low as $2.92 and last traded at $2.92. 450,149 shares traded hands during trading, a decline of 41% from the average session volume of 758,279 shares. The stock had previously closed at $3.04.

Wall Street Analyst Weigh In

BRCC has been the topic of a number of recent research reports. Roth Mkm reaffirmed a “neutral” rating and issued a $3.50 target price (down previously from $4.00) on shares of BRC in a research note on Wednesday, November 6th. Telsey Advisory Group reissued an “outperform” rating and issued a $6.00 price target on shares of BRC in a report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, BRC presently has an average rating of “Moderate Buy” and an average price target of $6.50.

BRC Stock Performance

The stock has a market cap of $628.65 million, a price-to-earnings ratio of -36.94 and a beta of 1.12. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.14 and a quick ratio of 0.58. The stock’s 50-day moving average is $3.03 and its 200-day moving average is $3.80.

BRC (NYSE:BRCC) last issued its quarterly earnings results on Monday, November 4th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The company had revenue of $98.20 million for the quarter, compared to analyst estimates of $95.06 million. BRC had a positive return on equity of 23.35% and a negative net margin of 1.22%. During the same quarter in the prior year, the company posted ($0.05) EPS. Analysts anticipate that BRC Inc. will post -0.02 EPS for the current fiscal year.

Institutional Trading of BRC

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Engaged Capital LLC lifted its holdings in shares of BRC by 5.3% during the 3rd quarter. Engaged Capital LLC now owns 13,535,560 shares of the company’s stock worth $46,292,000 after acquiring an additional 684,542 shares during the period. Blair William & Co. IL increased its position in BRC by 370.2% during the second quarter. Blair William & Co. IL now owns 802,710 shares of the company’s stock worth $4,921,000 after purchasing an additional 632,000 shares during the last quarter. QVIDTVM Management LLC raised its stake in BRC by 24.2% during the third quarter. QVIDTVM Management LLC now owns 3,219,929 shares of the company’s stock worth $11,012,000 after purchasing an additional 627,653 shares during the period. Verition Fund Management LLC boosted its holdings in shares of BRC by 4,294.3% in the 3rd quarter. Verition Fund Management LLC now owns 497,211 shares of the company’s stock valued at $1,700,000 after purchasing an additional 485,896 shares during the last quarter. Finally, Marshall Wace LLP grew its stake in shares of BRC by 76.4% during the 2nd quarter. Marshall Wace LLP now owns 812,373 shares of the company’s stock valued at $4,980,000 after buying an additional 351,757 shares during the period. Hedge funds and other institutional investors own 16.29% of the company’s stock.

BRC Company Profile

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.