BRC (NYSE:BRCC) Reaches New 1-Year Low – Here’s Why

BRC Inc. (NYSE:BRCC) hit a new 52-week low on Thursday . The company traded as low as $2.41 and last traded at $2.43, with a volume of 234656 shares traded. The stock had previously closed at $2.50.

Wall Street Analysts Forecast Growth

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

BRC Trading Down 3.4 %

The firm has a market capitalization of $513.77 million, a P/E ratio of -30.19 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. The firm has a 50 day moving average of $2.84 and a 200-day moving average of $3.21.

Institutional Investors Weigh In On BRC

Several institutional investors and hedge funds have recently bought and sold shares of the company. Jones Financial Companies Lllp raised its position in shares of BRC by 106.0% in the 4th quarter. Jones Financial Companies Lllp now owns 9,011 shares of the company’s stock valued at $29,000 after buying an additional 4,637 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in BRC in the fourth quarter valued at approximately $30,000. Smith Thornton Advisors LLC acquired a new position in BRC during the third quarter valued at approximately $45,000. United Asset Strategies Inc. acquired a new stake in shares of BRC in the 3rd quarter valued at $50,000. Finally, Ameriprise Financial Inc. bought a new position in shares of BRC in the 4th quarter valued at $47,000. 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.