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

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $6.00 price objective on shares of BRC in a research note on Thursday, October 31st. Roth Mkm restated a “neutral” rating and set a $3.50 target price (down from $4.00) on shares of BRC in a report on Wednesday, November 6th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $6.50.

BRC Stock Performance

The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.58 and a current ratio of 1.14. The business has a 50-day moving average price of $3.03 and a two-hundred day moving average price of $3.77.

BRC (NYSE:BRCC) last issued its quarterly earnings results on Monday, November 4th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.01. The company had revenue of $98.20 million for the quarter, compared to the consensus estimate of $95.06 million. BRC had a positive return on equity of 23.35% and a negative net margin of 1.22%. During the same quarter in the prior year, the business earned ($0.05) EPS. Analysts predict that BRC Inc. will post -0.02 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BRCC. The Manufacturers Life Insurance Company increased its position in shares of BRC by 32.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,464 shares of the company’s stock valued at $125,000 after purchasing an additional 5,064 shares during the last quarter. Smith Thornton Advisors LLC grew its stake in shares of BRC by 41.7% during the fourth quarter. Smith Thornton Advisors LLC now owns 18,521 shares of the company’s stock worth $59,000 after purchasing an additional 5,446 shares in the last quarter. Geode Capital Management LLC raised its stake in BRC by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,073,638 shares of the company’s stock valued at $3,673,000 after buying an additional 10,100 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in BRC by 3.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 377,477 shares of the company’s stock valued at $1,291,000 after buying an additional 13,087 shares in the last quarter. Finally, United Asset Strategies Inc. purchased a new stake in BRC during the 3rd quarter worth about $50,000. 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.