BRC Inc. (NYSE:BRCC) Short Interest Up 6.2% in March

BRC Inc. (NYSE:BRCCGet Free Report) was the recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 9,270,000 shares, a growth of 6.2% from the February 29th total of 8,730,000 shares. Approximately 14.8% of the company’s shares are short sold. Based on an average trading volume of 744,700 shares, the short-interest ratio is currently 12.4 days.

BRC Stock Up 0.7 %

Shares of NYSE BRCC opened at $4.41 on Thursday. BRC has a 52-week low of $2.51 and a 52-week high of $5.85. The firm has a fifty day moving average of $4.23 and a 200-day moving average of $3.81. The stock has a market capitalization of $935.59 million, a PE ratio of -16.33 and a beta of 0.99. The company has a quick ratio of 0.61, a current ratio of 1.28 and a debt-to-equity ratio of 1.48.

BRC (NYSE:BRCCGet Free Report) last announced its quarterly earnings data on Wednesday, March 6th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.20. BRC had a negative net margin of 4.23% and a positive return on equity of 4.11%. The company had revenue of $119.65 million during the quarter, compared to analysts’ expectations of $124.38 million. On average, analysts anticipate that BRC will post -0.01 EPS for the current year.

Institutional Trading of BRC

Several institutional investors have recently made changes to their positions in the stock. UBS Group AG acquired a new position in shares of BRC during the 1st quarter valued at $28,000. Tower Research Capital LLC TRC lifted its holdings in shares of BRC by 251.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,540 shares of the company’s stock valued at $28,000 after acquiring an additional 2,533 shares in the last quarter. Penserra Capital Management LLC acquired a new position in shares of BRC during the 1st quarter valued at $90,000. Quarry LP acquired a new position in shares of BRC during the 1st quarter valued at $26,000. Finally, JPMorgan Chase & Co. acquired a new position in shares of BRC during the 1st quarter valued at $118,000. 16.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $8.00 target price on shares of BRC in a research note on Monday, March 4th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, BRC currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.92.

Read Our Latest Stock Report on BRCC

About BRC

(Get Free Report)

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.

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