BRC (NYSE:BRCC) Reaches New 52-Week Low – Here’s What Happened

Shares of BRC Inc. (NYSE:BRCC) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $2.75 and last traded at $2.78, with a volume of 186762 shares trading hands. The stock had previously closed at $2.82.

Wall Street Analyst Weigh In

Several research firms have issued reports on BRCC. Roth Mkm reissued a “neutral” rating and issued a $3.50 price target (down previously from $4.00) on shares of BRC in a research note on Wednesday, November 6th. Telsey Advisory Group reissued an “outperform” rating and issued a $6.00 target price on shares of BRC in a research report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $6.50.

BRC Stock Performance

The company has a market cap of $588.23 million, a P/E ratio of -34.56 and a beta of 1.12. The company has a current ratio of 1.14, a quick ratio of 0.58 and a debt-to-equity ratio of 0.92. The company’s fifty day moving average is $3.02 and its 200 day moving average is $3.60.

BRC (NYSE:BRCC) last released its earnings results on Monday, November 4th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.02) by $0.01. The business had revenue of $98.20 million for the quarter, compared to the consensus estimate of $95.06 million. BRC had a positive return on equity of 23.35% and a negative net margin of 1.22%. During the same period in the previous year, the company posted ($0.05) earnings per share. As a group, equities analysts predict that BRC Inc. will post -0.02 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BRC

A number of hedge funds have recently made changes to their positions in the business. Smith Thornton Advisors LLC bought a new position in BRC during the 3rd quarter worth about $45,000. United Asset Strategies Inc. acquired a new stake in BRC during the 3rd quarter worth about $50,000. Intech Investment Management LLC acquired a new position in shares of BRC in the 3rd quarter valued at $56,000. SG Americas Securities LLC acquired a new stake in BRC in the fourth quarter valued at approximately $58,000. Finally, Quadrature Capital Ltd purchased a new position in shares of BRC in the third quarter valued at approximately $75,000. Institutional investors own 16.29% of the company’s stock.

BRC Company Profile

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.