BRC (NYSE:BRCC) Shares Down 4.1% – What’s Next?

BRC Inc. (NYSE:BRCC)’s stock price fell 4.1% on Tuesday . The company traded as low as $2.81 and last traded at $2.83. 202,787 shares changed hands during 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 subject of a number of recent research reports. DA Davidson reiterated a “buy” rating and issued a $5.50 price objective on shares of BRC in a research note on Wednesday, September 18th. Roth Mkm reaffirmed a “neutral” rating and set a $3.50 target price (down previously from $4.00) on shares of BRC in a report on Wednesday, November 6th. Roth Capital cut shares of BRC from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 9th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $6.00 price target on shares of BRC in a report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.50.

BRC Price Performance

The firm has a fifty day simple moving average of $3.26 and a two-hundred day simple moving average of $4.58. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.14 and a quick ratio of 0.58.

BRC (NYSE:BRCC) last announced its quarterly earnings results on Monday, November 4th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01. The company had revenue of $98.20 million for the quarter, compared to analysts’ expectations of $95.06 million. BRC had a negative net margin of 1.22% and a positive return on equity of 23.35%. During the same quarter in the previous year, the company earned ($0.05) earnings per share. As a group, research analysts expect that BRC Inc. will post -0.02 earnings per share for the current year.

Insider Activity at BRC

In related news, Director Evan Hafer sold 1,000,000 shares of BRC stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $3.17, for a total value of $3,170,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas E. Davin sold 10,884 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $3.81, for a total transaction of $41,468.04. Following the sale, the director now directly owns 15,851 shares in the company, valued at approximately $60,392.31. The trade was a 40.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,010,884 shares of company stock valued at $12,811,468 in the last three months. Company insiders own 73.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. nVerses Capital LLC purchased a new stake in BRC in the second quarter worth approximately $28,000. Comerica Bank lifted its holdings in shares of BRC by 316.4% during the 1st quarter. Comerica Bank now owns 6,054 shares of the company’s stock valued at $26,000 after buying an additional 4,600 shares during the period. Smith Thornton Advisors LLC purchased a new position in shares of BRC in the 3rd quarter worth $45,000. United Asset Strategies Inc. bought a new stake in shares of BRC in the third quarter worth $50,000. Finally, Intech Investment Management LLC bought a new stake in shares of BRC in the third quarter worth $56,000. 16.29% of the stock is owned by hedge funds and other institutional investors.

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.