BRC (NYSE:BRCC) Stock Price Down 4.1% – Time to Sell?

BRC Inc. (NYSE:BRCC) shares fell 4.1% on Tuesday . The company traded as low as $2.81 and last traded at $2.83. 202,787 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 893,063 shares. The stock had previously closed at $2.95.

Wall Street Analyst Weigh In

BRCC has been the topic of a number of recent research reports. Roth Capital lowered BRC from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. Telsey Advisory Group restated an “outperform” rating and set a $6.00 price objective on shares of BRC in a research note on Thursday, October 31st. DA Davidson reiterated a “buy” rating and issued a $5.50 target price on shares of BRC in a report on Wednesday, September 18th. Finally, Roth Mkm restated a “neutral” rating and set a $3.50 price target (down from $4.00) on shares of BRC in a report on Wednesday, November 6th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.50.

BRC Price Performance

The business has a 50-day simple moving average of $3.30 and a 200 day simple moving average of $4.60. The company has a current ratio of 1.14, a quick ratio of 0.58 and a debt-to-equity ratio of 0.92.

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

Insider Buying and Selling

In related news, Director Thomas E. Davin sold 10,884 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $3.81, for a total transaction of $41,468.04. Following the completion of the sale, the director now owns 15,851 shares in the company, valued at approximately $60,392.31. This trade represents a 40.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Evan Hafer sold 3,000,000 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $3.20, for a total transaction of $9,600,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,010,884 shares of company stock worth $12,811,468. 73.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Engaged Capital LLC boosted its holdings in shares of BRC by 5.3% in the third quarter. Engaged Capital LLC now owns 13,535,560 shares of the company’s stock valued at $46,292,000 after purchasing an additional 684,542 shares during the period. Blair William & Co. IL lifted its holdings in shares of BRC by 370.2% in the 2nd quarter. Blair William & Co. IL now owns 802,710 shares of the company’s stock worth $4,921,000 after buying an additional 632,000 shares during the period. QVIDTVM Management LLC grew its position in shares of BRC by 24.2% during the 3rd quarter. QVIDTVM Management LLC now owns 3,219,929 shares of the company’s stock worth $11,012,000 after buying an additional 627,653 shares in the last quarter. Verition Fund Management LLC grew its position in shares of BRC by 4,294.3% during the 3rd quarter. Verition Fund Management LLC now owns 497,211 shares of the company’s stock worth $1,700,000 after buying an additional 485,896 shares in the last quarter. Finally, Marshall Wace LLP raised its holdings in shares of BRC by 76.4% in the second quarter. Marshall Wace LLP now owns 812,373 shares of the company’s stock valued at $4,980,000 after acquiring an additional 351,757 shares in 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.