BRC (NYSE:BRCC) Sets New 52-Week Low – Time to Sell?

BRC Inc. (NYSE:BRCC) shares hit a new 52-week low during trading on Monday . The stock traded as low as $2.42 and last traded at $2.47, with a volume of 170736 shares traded. The stock had previously closed at $2.53.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on BRCC shares. Roth Mkm reiterated a “neutral” rating and issued a $3.50 price target (down from $4.00) on shares of BRC in a research report on Wednesday, November 6th. Telsey Advisory Group reiterated an “outperform” rating and set a $6.00 target price on shares of BRC in a research report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $6.50.

BRC Stock Down 1.4 %

The firm has a 50 day simple moving average of $2.96 and a two-hundred day simple moving average of $3.43. The stock has a market capitalization of $530.79 million, a P/E ratio of -31.19 and a beta of 1.09. The company has a quick ratio of 0.58, a current ratio of 1.14 and a debt-to-equity ratio of 0.92.

Institutional Trading of BRC

Institutional investors and hedge funds have recently modified their holdings of the business. Engaged Capital LLC grew its position in 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 last quarter. QVIDTVM Management LLC grew its holdings in BRC by 24.2% during the 3rd quarter. QVIDTVM Management LLC now owns 3,219,929 shares of the company’s stock worth $11,012,000 after acquiring an additional 627,653 shares during the last quarter. Verition Fund Management LLC increased its position in 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 acquiring an additional 485,896 shares during the period. Riverwater Partners LLC bought a new position in shares of BRC during the third quarter valued at $1,091,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of BRC during the third quarter worth $312,000. 16.29% of the stock is currently owned by institutional investors.

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.