BRC (NYSE:BRCC) Reaches New 12-Month Low – Time to Sell?

BRC Inc. (NYSE:BRCC)’s stock price hit a new 52-week low on Monday . The company traded as low as $2.63 and last traded at $2.61, with a volume of 9819 shares traded. The stock had previously closed at $2.71.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Telsey Advisory Group reaffirmed an “outperform” rating and set a $6.00 price target on shares of BRC in a research report on Thursday, October 31st. Roth Mkm reaffirmed a “neutral” rating and set a $3.50 price target (down previously from $4.00) on shares of BRC in a research report on Wednesday, November 6th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $6.50.

BRC Price Performance

The firm has a 50 day simple moving average of $3.01 and a 200-day simple moving average of $3.54. The company has a quick ratio of 0.58, a current ratio of 1.14 and a debt-to-equity ratio of 0.92. The company has a market cap of $552.06 million, a PE ratio of -32.31 and a beta of 1.09.

BRC (NYSE:BRCC) last released its earnings results on Monday, November 4th. The company reported ($0.01) EPS 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 during the quarter, compared to the consensus estimate of $95.06 million. During the same quarter in the previous year, the company posted ($0.05) earnings per share. As a group, research analysts predict that BRC Inc. will post -0.02 earnings per share for the current fiscal year.

Institutional Trading of BRC

Large investors have recently added to or reduced their stakes in the stock. Smith Thornton Advisors LLC purchased a new stake in shares of BRC during the 3rd quarter worth $45,000. United Asset Strategies Inc. acquired a new stake in BRC in the third quarter valued at $50,000. Intech Investment Management LLC purchased a new stake in BRC during the 3rd quarter worth about $56,000. SG Americas Securities LLC acquired a new position in shares of BRC during the 4th quarter worth about $58,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of BRC in the 4th quarter valued at about $61,000. 16.29% of the stock is currently owned by hedge funds and other institutional investors.

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.