BRC (NYSE:BRCC) Stock Price Down 5% – What’s Next?

BRC Inc. (NYSE:BRCC)’s share price traded down 5% on Wednesday . The company traded as low as $2.60 and last traded at $2.59. 242,991 shares traded hands during trading, a decline of 67% from the average session volume of 738,212 shares. The stock had previously closed at $2.72.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Roth Mkm reissued 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. Telsey Advisory Group reaffirmed an “outperform” rating and set a $6.00 price objective on shares of BRC in a report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $6.50.

BRC Price Performance

The company’s 50 day moving average price is $3.00 and its 200 day moving average price is $3.50. 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 company has a market cap of $549.93 million, a price-to-earnings ratio of -32.31 and a beta of 1.09.

BRC (NYSE:BRCC) last posted its earnings results on Monday, November 4th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The company had revenue of $98.20 million during 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 posted ($0.05) earnings per share. On average, equities research analysts predict that BRC Inc. will post -0.02 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BRCC. Smith Thornton Advisors LLC acquired a new position in BRC in the third quarter valued at approximately $45,000. United Asset Strategies Inc. acquired a new position in shares of BRC in the 3rd quarter valued at $50,000. Lake Street Advisors Group LLC bought a new position in shares of BRC in the 4th quarter worth $48,000. Intech Investment Management LLC acquired a new stake in shares of BRC during the third quarter worth $56,000. Finally, SG Americas Securities LLC bought a new stake in BRC in the fourth quarter valued at about $58,000. 16.29% of the stock is currently 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.