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

BRC Inc. (NYSE:BRCC)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $2.92 and last traded at $2.95, with a volume of 125706 shares changing hands. The stock had previously closed at $3.06.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Telsey Advisory Group restated an “outperform” rating and issued a $6.00 price objective on shares of BRC in a report on Thursday, October 31st. Roth Mkm restated a “neutral” rating and set a $3.50 price target (down previously from $4.00) on shares of BRC in a research note on Wednesday, November 6th. Roth Capital lowered shares of BRC from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 9th. Finally, DA Davidson reissued a “buy” rating and set a $5.50 target price on shares of BRC in a research report on Wednesday, September 18th. Three investment 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 stock currently has a consensus rating of “Moderate Buy” and an average price target of $6.50.

BRC Price Performance

The company has a debt-to-equity ratio of 0.92, a current ratio of 1.14 and a quick ratio of 0.59. The stock’s 50 day moving average price is $3.43 and its two-hundred day moving average price is $4.64. The firm has a market capitalization of $626.95 million, a price-to-earnings ratio of -38.25 and a beta of 1.16.

BRC (NYSE:BRCC) last released 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. The firm had revenue of $98.20 million during 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 quarter in the previous year, the business earned ($0.05) EPS. On average, equities research analysts anticipate that BRC Inc. will post -0.02 EPS for the current year.

Insider Buying and Selling

In other news, Director Evan Hafer sold 1,000,000 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $3.17, for a total transaction of $3,170,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other BRC news, Director Thomas E. Davin sold 10,884 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $3.81, for a total value of $41,468.04. Following the sale, the director now owns 15,851 shares of the company’s stock, valued at $60,392.31. The trade was a 0.00 % decrease in their position. The sale 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 stock in a transaction on Friday, September 13th. The shares were sold at an average price of $3.17, for a total transaction of $3,170,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,010,884 shares of company stock valued at $12,811,468. 73.80% of the stock is owned by company insiders.

Institutional Trading of BRC

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BRCC. Blair William & Co. IL boosted its holdings in BRC by 370.2% during the second quarter. Blair William & Co. IL now owns 802,710 shares of the company’s stock valued at $4,921,000 after purchasing an additional 632,000 shares in the last quarter. Maso Capital Partners Ltd acquired a new stake in BRC in the 1st quarter valued at $2,140,000. Marshall Wace LLP grew its position 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 acquiring an additional 351,757 shares during the period. Riverwater Partners LLC acquired a new position in BRC during the third quarter worth $1,091,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of BRC by 131.1% during the second quarter. Renaissance Technologies LLC now owns 419,300 shares of the company’s stock valued at $2,570,000 after acquiring an additional 237,869 shares during the period. 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.