BRC Inc. (NYSE:BRCC - Get Free Report) traded down 2.7% on Monday . The company traded as low as $3.99 and last traded at $4.00. 249,011 shares changed hands during trading, a decline of 64% from the average session volume of 695,933 shares. The stock had previously closed at $4.11.
Analyst Ratings Changes
Separately, Telsey Advisory Group restated an "outperform" rating and issued a $8.00 price target on shares of BRC in a research note on Monday, March 4th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, BRC presently has an average rating of "Moderate Buy" and a consensus target price of $7.92.
Get Our Latest Stock Analysis on BRCC
BRC Trading Down 1.7 %
The company has a current ratio of 1.28, a quick ratio of 0.61 and a debt-to-equity ratio of 1.48. The company's fifty day moving average price is $4.34 and its 200 day moving average price is $3.92.
BRC (NYSE:BRCC - Get Free Report) last posted its quarterly earnings results on Wednesday, March 6th. The company reported $0.19 EPS for the quarter, beating analysts' consensus estimates of ($0.01) by $0.20. The business had revenue of $119.65 million during the quarter, compared to the consensus estimate of $124.38 million. BRC had a positive return on equity of 4.11% and a negative net margin of 4.23%. As a group, equities analysts predict that BRC Inc. will post -0.01 EPS for the current year.
Institutional Trading of BRC
Several institutional investors and hedge funds have recently modified their holdings of BRCC. QVIDTVM Management LLC boosted its position in BRC by 19.9% in the third quarter. QVIDTVM Management LLC now owns 2,477,346 shares of the company's stock valued at $8,894,000 after buying an additional 411,231 shares in the last quarter. Wasatch Advisors LP boosted its holdings in shares of BRC by 334.0% during the 1st quarter. Wasatch Advisors LP now owns 1,459,418 shares of the company's stock valued at $6,246,000 after acquiring an additional 1,123,157 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in BRC by 106,550.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 479,925 shares of the company's stock worth $1,723,000 after purchasing an additional 479,475 shares in the last quarter. Anchor Capital Advisors LLC raised its position in BRC by 68.4% in the third quarter. Anchor Capital Advisors LLC now owns 376,148 shares of the company's stock valued at $1,350,000 after purchasing an additional 152,793 shares during the last quarter. Finally, Wesbanco Bank Inc. acquired a new stake in shares of BRC during the first quarter valued at about $659,000. 16.29% of the stock is currently owned by institutional investors.
About BRC
(
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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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