BRC (NYSE:BRCC) Shares Down 5.4%

BRC Inc. (NYSE:BRCCGet Free Report)’s share price dropped 5.4% during mid-day trading on Friday . The company traded as low as $5.72 and last traded at $5.77. Approximately 284,727 shares were traded during trading, a decline of 65% from the average daily volume of 822,633 shares. The stock had previously closed at $6.10.

Analysts Set New Price Targets

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

Get Our Latest Stock Analysis on BRCC

BRC Trading Down 2.6 %

The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.51 and a current ratio of 1.07. The business has a 50 day moving average price of $5.64 and a 200 day moving average price of $4.67.

BRC (NYSE:BRCCGet Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $98.39 million during the quarter, compared to analysts’ expectations of $97.78 million. As a group, equities research analysts predict that BRC Inc. will post 0.03 earnings per share for the current year.

Institutional Investors Weigh In On BRC

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Comerica Bank increased its position in shares of BRC by 316.4% during the first quarter. Comerica Bank now owns 6,054 shares of the company’s stock worth $26,000 after acquiring an additional 4,600 shares during the period. Tower Research Capital LLC TRC raised its position in BRC by 106.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,415 shares of the company’s stock valued at $27,000 after purchasing an additional 3,831 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of BRC by 83.6% in the 4th quarter. Allworth Financial LP now owns 9,776 shares of the company’s stock worth $35,000 after buying an additional 4,450 shares during the period. SG Americas Securities LLC purchased a new stake in shares of BRC in the 4th quarter worth $37,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of BRC during the 1st quarter worth $45,000. Institutional investors own 16.29% of the company’s stock.

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.

Further Reading

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