BRC (NYSE:BRCC) Stock Price Down 7.7%

Shares of BRC Inc. (NYSE:BRCC) were down 7.7% during mid-day trading on Monday . The company traded as low as $5.02 and last traded at $5.13. Approximately 429,809 shares traded hands during mid-day trading, a decline of 47% from the average daily volume of 817,995 shares. The stock had previously closed at $5.56.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on BRCC shares. Needham & Company LLC reaffirmed a “hold” rating on shares of BRC in a research report on Thursday, May 16th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $8.00 price objective on shares of BRC in a research report on Wednesday, July 10th. Tigress Financial reaffirmed a “buy” rating and issued a $11.00 price objective on shares of BRC in a research report on Wednesday, May 22nd. Finally, Roth Mkm reissued a “buy” rating and set a $7.00 target price (up from $6.00) on shares of BRC in a research report on Friday, May 10th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, BRC has an average rating of “Moderate Buy” and a consensus target price of $8.00.

BRC Stock Up 1.9 %

The stock’s 50-day moving average price is $5.90 and its two-hundred day moving average price is $4.96. The stock has a market capitalization of $1.15 billion, a P/E ratio of -30.16 and a beta of 1.21. The company has a current ratio of 1.07, a quick ratio of 0.51 and a debt-to-equity ratio of 1.02.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Comerica Bank boosted its holdings in BRC by 316.4% in the 1st quarter. Comerica Bank now owns 6,054 shares of the company’s stock worth $26,000 after buying an additional 4,600 shares during the period. Tower Research Capital LLC TRC lifted its stake in BRC by 106.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,415 shares of the company’s stock worth $27,000 after purchasing an additional 3,831 shares in the last quarter. nVerses Capital LLC purchased a new stake in BRC in the 2nd quarter worth approximately $28,000. Allworth Financial LP lifted its stake in BRC by 83.6% in the 4th quarter. Allworth Financial LP now owns 9,776 shares of the company’s stock worth $35,000 after purchasing an additional 4,450 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in BRC in the 4th quarter worth approximately $37,000. 16.29% of the stock is 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.