BRC (NYSE:BRCC) Stock Price Down 4.2% – Time to Sell?

BRC Inc. (NYSE:BRCC) shares were down 4.2% during mid-day trading on Monday . The stock traded as low as $1.48 and last traded at $1.50. Approximately 435,241 shares changed hands during trading, a decline of 47% from the average daily volume of 815,412 shares. The stock had previously closed at $1.56.

Analyst Ratings Changes

A number of equities analysts recently weighed in on BRCC shares. Roth Capital set a $2.00 price target on BRC and gave the stock a “neutral” rating in a research note on Wednesday, May 7th. DA Davidson reissued a “buy” rating and issued a $3.00 price target on shares of BRC in a research note on Wednesday, March 19th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $4.00 price target on shares of BRC in a research note on Monday, June 23rd.

BRC Price Performance

The firm has a market cap of $318.77 million, a P/E ratio of -16.61 and a beta of 0.90. The company has a current ratio of 1.30, a quick ratio of 0.61 and a debt-to-equity ratio of 1.50. The business has a 50-day moving average of $1.65 and a two-hundred day moving average of $2.19.

BRC (NYSE:BRCC) last released its quarterly earnings results on Monday, May 5th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). BRC had a negative net margin of 1.67% and a negative return on equity of 2.09%. The company had revenue of $89.97 million during the quarter, compared to the consensus estimate of $88.08 million. On average, sell-side analysts anticipate that BRC Inc. will post -0.02 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BRC

Several hedge funds have recently made changes to their positions in BRCC. Jones Financial Companies Lllp boosted its holdings 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 worth $29,000 after purchasing an additional 4,637 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of BRC in the 4th quarter worth about $30,000. Ellsworth Advisors LLC purchased a new position in shares of BRC in the 1st quarter worth about $34,000. ProShare Advisors LLC purchased a new position in shares of BRC in the 4th quarter worth about $47,000. Finally, Ameriprise Financial Inc. purchased a new position in shares of BRC in the 4th quarter worth about $47,000. 16.29% of the stock is currently owned by hedge funds and other institutional investors.

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.