BRC (NYSE:BRCC) Trading Up 1.1% - Time to Buy?

BRC Inc. (NYSE:BRCC - Get Free Report)'s share price traded up 1.1% on Monday . The company traded as high as $1.43 and last traded at $1.41. 371,146 shares changed hands during mid-day trading, a decline of 33% from the average session volume of 554,913 shares. The stock had previously closed at $1.39.

Analyst Upgrades and Downgrades

BRCC has been the subject of several recent analyst reports. Wall Street Zen upgraded BRC from a "sell" rating to a "hold" rating in a research note on Monday, September 29th. Weiss Ratings reissued a "sell (e+)" rating on shares of BRC in a report on Wednesday, October 8th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $4.00 target price on shares of BRC in a research note on Tuesday, August 5th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $2.88.

BRC Stock Up 1.1%

The stock has a market capitalization of $348.76 million, a price-to-earnings ratio of -9.37 and a beta of 0.92. The company has a quick ratio of 0.70, a current ratio of 1.29 and a debt-to-equity ratio of 1.97. The business's 50-day moving average is $1.53 and its two-hundred day moving average is $1.69.

BRC (NYSE:BRCC - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.04). The company had revenue of $94.84 million for the quarter, compared to analyst estimates of $91.78 million. BRC had a negative return on equity of 12.88% and a negative net margin of 2.89%. BRC has set its FY 2025 guidance at EPS. Equities analysts anticipate that BRC Inc. will post -0.02 EPS for the current year.

Insider Transactions at BRC

In related news, Director Steven Taslitz bought 100,000 shares of the company's stock in a transaction on Thursday, August 7th. The stock was bought at an average cost of $1.31 per share, for a total transaction of $131,000.00. Following the acquisition, the director directly owned 1,786,203 shares in the company, valued at $2,339,925.93. This represents a 5.93% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 73.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BRC

Hedge funds have recently modified their holdings of the company. Engineers Gate Manager LP purchased a new position in BRC during the second quarter worth about $27,000. R Squared Ltd acquired a new stake in shares of BRC during the 2nd quarter worth approximately $28,000. CWM LLC increased its holdings in shares of BRC by 63.3% during the 3rd quarter. CWM LLC now owns 18,616 shares of the company's stock worth $29,000 after buying an additional 7,215 shares during the last quarter. Ellsworth Advisors LLC purchased a new stake in shares of BRC during the 1st quarter valued at approximately $34,000. Finally, XTX Topco Ltd lifted its holdings in BRC by 51.1% in the first quarter. XTX Topco Ltd now owns 47,751 shares of the company's stock valued at $100,000 after acquiring an additional 16,154 shares during the last quarter. Hedge funds and other 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.

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