BRC (NYSE:BRCC) Stock Price Down 4.1% – What’s Next?

BRC Inc. (NYSE:BRCC) traded down 4.1% on Friday . The company traded as low as $2.92 and last traded at $2.92. 450,149 shares traded hands during mid-day trading, a decline of 41% from the average session volume of 758,279 shares. The stock had previously closed at $3.04.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BRCC. Roth Mkm restated a “neutral” rating and set a $3.50 target price (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 price target on shares of BRC in a research note on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $6.50.

BRC Trading Down 2.3 %

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 simple moving average of $3.03 and a two-hundred day simple moving average of $3.77.

BRC (NYSE:BRCC) last posted its quarterly earnings data on Monday, November 4th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The firm had revenue of $98.20 million for the quarter, compared to analyst estimates of $95.06 million. BRC had a negative net margin of 1.22% and a positive return on equity of 23.35%. During the same period last year, the firm posted ($0.05) EPS. On average, equities analysts expect that BRC Inc. will post -0.02 EPS for the current year.

Institutional Trading of BRC

Hedge funds and other institutional investors have recently made changes to their positions in the company. Smith Thornton Advisors LLC acquired a new stake in BRC in the third quarter valued at about $45,000. United Asset Strategies Inc. purchased a new position in shares of BRC during the 3rd quarter worth approximately $50,000. Intech Investment Management LLC purchased a new position in shares of BRC during the 3rd quarter worth approximately $56,000. SG Americas Securities LLC purchased a new stake in shares of BRC in the fourth quarter valued at approximately $58,000. Finally, Quadrature Capital Ltd acquired a new position in BRC during the third quarter worth $75,000. Hedge funds and other 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.