BRC Inc. (NYSE:BRCC – Get Free Report) was the target of a large decrease in short interest in May. As of May 31st, there was short interest totalling 7,570,000 shares, a decrease of 6.0% from the May 15th total of 8,050,000 shares. Based on an average trading volume of 873,000 shares, the short-interest ratio is presently 8.7 days. Approximately 11.9% of the shares of the company are short sold.
BRC Trading Down 1.6 %
NYSE:BRCC opened at $6.23 on Thursday. BRC has a 1 year low of $2.51 and a 1 year high of $6.49. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of -34.61 and a beta of 1.21. The business has a fifty day moving average of $5.16 and a 200-day moving average of $4.49. 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 – Get Free Report) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.04. BRC had a positive return on equity of 14.15% and a negative net margin of 2.78%. The company had revenue of $98.39 million during the quarter, compared to analysts’ expectations of $97.78 million. Equities analysts predict that BRC will post 0.03 earnings per share for the current year.
Institutional Inflows and Outflows
Analyst Ratings Changes
BRCC has been the subject of a number of recent research reports. Needham & Company LLC restated 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 note on Monday, May 6th. Roth Mkm restated 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. Finally, Tigress Financial restated a “buy” rating and set a $11.00 price objective on shares of BRC in a research note on Wednesday, May 22nd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $8.00.
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.
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