BRC (NYSE:BRCC) Sets New 1-Year Low – Time to Sell?

BRC Inc. (NYSE:BRCC)’s share price hit a new 52-week low during trading on Monday . The company traded as low as $2.42 and last traded at $2.47, with a volume of 170736 shares changing hands. The stock had previously closed at $2.53.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on BRCC shares. Roth Mkm reaffirmed a “neutral” rating and set a $3.50 price objective (down from $4.00) on shares of BRC in a research report on Wednesday, November 6th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $6.00 price target 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 issued a buy rating to the company. According to data from MarketBeat.com, BRC presently has a consensus rating of “Moderate Buy” and a consensus target price of $6.50.

BRC Stock Up 1.0 %

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 company has a 50 day moving average of $2.94 and a 200-day moving average of $3.39.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its stake 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 valued at $29,000 after acquiring an additional 4,637 shares during the last quarter. Smith Thornton Advisors LLC acquired a new position in BRC in the 3rd quarter worth about $45,000. United Asset Strategies Inc. bought a new position in BRC in the third quarter valued at about $50,000. Lake Street Advisors Group LLC acquired a new stake in shares of BRC during the fourth quarter valued at about $48,000. Finally, Intech Investment Management LLC bought a new stake in shares of BRC during the third quarter worth about $56,000. 16.29% of the stock is owned by institutional investors.

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.