BRC (NYSE:BRCC) Sets New 52-Week Low – Here’s Why

BRC Inc. (NYSE:BRCC)’s share price reached a new 52-week low during trading on Monday . The company traded as low as $2.63 and last traded at $2.61, with a volume of 9819 shares. The stock had previously closed at $2.71.

Analyst Ratings Changes

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

BRC Stock Performance

The company’s fifty day simple moving average is $3.01 and its two-hundred day simple moving average is $3.54. The stock has a market cap of $552.06 million, a price-to-earnings ratio of -32.31 and a beta of 1.09. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.14 and a quick ratio of 0.58.

BRC (NYSE:BRCC) last posted its quarterly earnings results on Monday, November 4th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.01. The company 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 prior year, the business earned ($0.05) earnings per share. On average, analysts forecast that BRC Inc. will post -0.02 earnings per share for the current year.

Hedge Funds Weigh In On BRC

A number of large investors have recently modified their holdings of the company. Sanctuary Advisors LLC purchased a new stake in BRC in the fourth quarter valued at approximately $61,000. SG Americas Securities LLC bought a new stake in BRC in the fourth quarter valued at $58,000. Smith Thornton Advisors LLC boosted its holdings in BRC by 41.7% in the fourth quarter. Smith Thornton Advisors LLC now owns 18,521 shares of the company’s stock valued at $59,000 after acquiring an additional 5,446 shares in the last quarter. Barclays PLC boosted its holdings in shares of BRC by 325.9% during the 3rd quarter. Barclays PLC now owns 74,967 shares of the company’s stock valued at $257,000 after buying an additional 57,366 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of BRC by 0.9% during the 3rd 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. 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.