BRC (NYSE:BRCC) Sets New 12-Month Low – Time to Sell?

BRC Inc. (NYSE:BRCC)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $2.75 and last traded at $2.78, with a volume of 186762 shares traded. The stock had previously closed at $2.82.

Analyst Ratings Changes

Several research firms have commented on BRCC. Telsey Advisory Group reissued an “outperform” rating and issued a $6.00 target price on shares of BRC in a report on Thursday, October 31st. Roth Mkm reaffirmed a “neutral” rating and issued a $3.50 price objective (down from $4.00) on shares of BRC in a research note on Wednesday, November 6th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $6.50.

BRC Price Performance

The company has a market cap of $588.23 million, a PE ratio of -34.56 and a beta of 1.12. 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’s 50-day moving average is $3.02 and its 200-day moving average is $3.60.

BRC (NYSE:BRCC) last released its earnings results 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 company had revenue of $98.20 million for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the company earned ($0.05) EPS. On average, equities analysts anticipate that BRC Inc. will post -0.02 EPS for the current year.

Hedge Funds Weigh In On BRC

A number of large investors have recently added to or reduced their stakes in BRCC. Engaged Capital LLC grew its position in shares of BRC by 5.3% in the 3rd quarter. Engaged Capital LLC now owns 13,535,560 shares of the company’s stock valued at $46,292,000 after buying an additional 684,542 shares during the last quarter. QVIDTVM Management LLC lifted its position in BRC by 24.2% during the third quarter. QVIDTVM Management LLC now owns 3,219,929 shares of the company’s stock worth $11,012,000 after buying an additional 627,653 shares during the period. Verition Fund Management LLC grew its stake in shares of BRC by 4,294.3% during the 3rd quarter. Verition Fund Management LLC now owns 497,211 shares of the company’s stock valued at $1,700,000 after buying an additional 485,896 shares during the period. Marshall Wace LLP raised its holdings in BRC by 76.4% in the second quarter. Marshall Wace LLP now owns 812,373 shares of the company’s stock valued at $4,980,000 after buying an additional 351,757 shares during the period. Finally, Riverwater Partners LLC acquired a new stake in BRC in the 3rd quarter valued at $1,091,000. 16.29% of the stock is currently owned by institutional investors and hedge funds.

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.