BRC (NYSE:BRCC) Stock Price Down 4.1% – Should You Sell?

BRC Inc. (NYSE:BRCC) traded down 4.1% during mid-day trading on Tuesday . The stock traded as low as $2.81 and last traded at $2.83. 202,787 shares traded hands during trading, a decline of 77% from the average session volume of 893,063 shares. The stock had previously closed at $2.95.

Wall Street Analysts Forecast Growth

BRCC has been the topic of several analyst reports. DA Davidson reiterated a “buy” rating and set a $5.50 price target on shares of BRC in a research note on Wednesday, September 18th. Roth Mkm restated a “neutral” rating and set a $3.50 target price (down previously from $4.00) on shares of BRC in a research note on Wednesday, November 6th. Roth Capital lowered BRC from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 9th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $6.00 price objective on shares of BRC in a research report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $6.50.

BRC Price Performance

The firm has a fifty day simple moving average of $3.26 and a two-hundred day simple moving average of $4.58. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.58 and a current ratio of 1.14.

BRC (NYSE:BRCC) last posted its earnings results on Monday, November 4th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. BRC had a negative net margin of 1.22% and a positive return on equity of 23.35%. The firm had revenue of $98.20 million for the quarter, compared to the consensus estimate of $95.06 million. During the same period in the previous year, the firm posted ($0.05) EPS. As a group, research analysts forecast that BRC Inc. will post -0.02 EPS for the current fiscal year.

Insider Activity at BRC

In other news, Director Thomas E. Davin sold 10,884 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $3.81, for a total transaction of $41,468.04. Following the transaction, the director now owns 15,851 shares of the company’s stock, valued at approximately $60,392.31. This represents a 40.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Evan Hafer sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $3.17, for a total value of $3,170,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,010,884 shares of company stock worth $12,811,468. Company insiders own 73.80% of the company’s stock.

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. Blair William & Co. IL purchased a new stake in shares of BRC in the 1st quarter worth $731,000. Vanguard Group Inc. grew its holdings in BRC by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 4,162,960 shares of the company’s stock worth $17,817,000 after acquiring an additional 14,361 shares in the last quarter. Comerica Bank increased its position in BRC by 316.4% during the 1st quarter. Comerica Bank now owns 6,054 shares of the company’s stock valued at $26,000 after purchasing an additional 4,600 shares during the period. Bank of New York Mellon Corp lifted its position in shares of BRC by 42.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 161,053 shares of the company’s stock worth $987,000 after purchasing an additional 47,800 shares during the period. Finally, Fortis Group Advisors LLC lifted its stake in shares of BRC by 25.0% during the 2nd quarter. Fortis Group Advisors LLC now owns 56,925 shares of the company’s stock worth $349,000 after purchasing an additional 11,388 shares during the last quarter. Institutional investors own 16.29% of the company’s stock.

About BRC

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.