BRC (NYSE:BRCC) Trading Down 5.1%

BRC Inc. (NYSE:BRCC)’s share price was down 5.1% during mid-day trading on Friday . The stock traded as low as $6.09 and last traded at $6.11. Approximately 421,196 shares changed hands during trading, a decline of 48% from the average daily volume of 811,723 shares. The stock had previously closed at $6.44.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on BRCC shares. Telsey Advisory Group reiterated an “outperform” rating and set a $8.00 price objective on shares of BRC in a research note on Monday, May 6th. Needham & Company LLC reiterated a “hold” rating on shares of BRC in a research note on Thursday, May 16th. Tigress Financial reiterated a “buy” rating and set a $11.00 price objective on shares of BRC in a research note on Wednesday, May 22nd. Finally, Roth Mkm reiterated a “buy” rating and set a $7.00 price objective (up from $6.00) on shares of BRC in a research note on Friday, May 10th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $8.00.

BRC Trading Down 4.8 %

The firm has a fifty day moving average price of $5.46 and a 200 day moving average price of $4.60. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.51 and a current ratio of 1.07.

BRC (NYSE:BRCC) last announced its earnings results 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 for the quarter, compared to analysts’ expectations of $97.78 million. BRC had a positive return on equity of 14.15% and a negative net margin of 2.78%. As a group, equities analysts predict that BRC Inc. will post 0.03 EPS for the current year.

Institutional Trading of BRC

Large investors have recently made changes to their positions in the business. Comerica Bank grew its holdings in shares of BRC by 316.4% during the first quarter. Comerica Bank now owns 6,054 shares of the company’s stock worth $26,000 after purchasing an additional 4,600 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in BRC by 106.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,415 shares of the company’s stock valued at $27,000 after acquiring an additional 3,831 shares during the last quarter. Allworth Financial LP boosted its holdings in BRC by 83.6% in the fourth quarter. Allworth Financial LP now owns 9,776 shares of the company’s stock valued at $35,000 after acquiring an additional 4,450 shares during the last quarter. SG Americas Securities LLC bought a new position in BRC in the fourth quarter valued at about $37,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in BRC in the first quarter valued at about $45,000. 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.