BRC (NYSE:BRCC) Stock Price Down 5.1%

Shares of BRC Inc. (NYSE:BRCC) traded down 5.1% during trading on Friday . The stock traded as low as $6.09 and last traded at $6.11. 421,196 shares changed hands during trading, a decline of 48% from the average session volume of 811,723 shares. The stock had previously closed at $6.44.

Wall Street Analysts Forecast Growth

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

BRC Price Performance

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 business’s fifty day moving average price is $5.42 and its 200-day moving average price is $4.58. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of -34.06 and a beta of 1.21.

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Wesbanco Bank Inc. purchased a new stake in BRC in the 3rd quarter valued at $258,000. SG Americas Securities LLC purchased a new position in BRC during the 4th quarter worth $37,000. Alhambra Investment Management LLC grew its stake in shares of BRC by 21.8% in the 4th quarter. Alhambra Investment Management LLC now owns 16,750 shares of the company’s stock worth $61,000 after acquiring an additional 3,000 shares in the last quarter. Allworth Financial LP lifted its position in shares of BRC by 83.6% during the fourth quarter. Allworth Financial LP now owns 9,776 shares of the company’s stock valued at $35,000 after purchasing an additional 4,450 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. boosted its holdings in BRC by 23.5% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 30,000 shares of the company’s stock worth $109,000 after purchasing an additional 5,700 shares during the last quarter. Hedge funds and other 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.