BRC (NYSE:BRCC) Stock Price Down 5.1%

BRC Inc. (NYSE:BRCC)’s stock price was down 5.1% on Tuesday . The stock traded as low as $5.97 and last traded at $6.01. Approximately 470,988 shares changed hands during mid-day trading, a decline of 40% from the average daily volume of 790,832 shares. The stock had previously closed at $6.33.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on BRCC shares. Needham & Company LLC reissued a “hold” rating on shares of BRC in a research note on Thursday, May 16th. Telsey Advisory Group restated an “outperform” rating and set a $8.00 price objective on shares of BRC in a research report on Monday, May 6th. Tigress Financial restated a “buy” rating and set a $11.00 price objective on shares of BRC in a research report on Wednesday, May 22nd. Finally, Roth Mkm restated a “buy” rating and set a $7.00 price objective (up from $6.00) on shares of BRC in a research report on Friday, May 10th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, BRC currently has an average rating of “Moderate Buy” and an average target price of $8.00.

BRC Trading Down 1.6 %

The company’s 50 day moving average price is $5.10 and its 200 day moving average price is $4.47. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.07 and a quick ratio of 0.51. The firm has a market cap of $1.32 billion, a PE ratio of -33.22 and a beta of 1.20.

BRC (NYSE:BRCC) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.04. BRC had a negative net margin of 2.78% and a positive return on equity of 14.15%. The company had revenue of $98.39 million during the quarter, compared to the consensus estimate of $97.78 million. As a group, analysts forecast that BRC Inc. will post 0.03 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Wasatch Advisors LP increased its holdings in shares of BRC by 334.0% in 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 during the period. Maso Capital Partners Ltd acquired a new position in shares of BRC in the 1st quarter valued at $2,140,000. PNC Financial Services Group Inc. increased its holdings in shares of BRC by 106,550.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 479,925 shares of the company’s stock valued at $1,723,000 after acquiring an additional 479,475 shares during the period. QVIDTVM Management LLC increased its holdings in shares of BRC by 19.9% in the 3rd quarter. QVIDTVM Management LLC now owns 2,477,346 shares of the company’s stock valued at $8,894,000 after acquiring an additional 411,231 shares during the period. Finally, Blair William & Co. IL acquired a new position in shares of BRC in the 1st quarter valued at $731,000. 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.