BRC (NYSE:BRCC) Reaches New 12-Month Low - What's Next?

BRC Inc. (NYSE:BRCC - Get Free Report)'s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $2.92 and last traded at $2.95, with a volume of 125706 shares traded. The stock had previously closed at $3.06.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on BRCC shares. Roth Mkm reiterated a "neutral" rating and set a $3.50 target price (down from $4.00) on shares of BRC in a research report on Wednesday, November 6th. DA Davidson restated a "buy" rating and set a $5.50 price target on shares of BRC in a report on Wednesday, September 18th. Roth Capital lowered shares of BRC from a "strong-buy" rating to a "hold" rating in a report on Friday, August 9th. Finally, Telsey Advisory Group restated an "outperform" rating and set a $6.00 price target on shares of BRC in a report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $6.50.

BRC Trading Down 2.5 %

The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.59 and a current ratio of 1.14. The firm's fifty day simple moving average is $3.40 and its 200-day simple moving average is $4.63. The stock has a market cap of $634.38 million, a P/E ratio of -37.31 and a beta of 1.16.

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

Insider Activity at BRC

In related news, Director Thomas E. Davin sold 10,884 shares of the business's stock in a transaction on Monday, September 9th. The shares were sold at an average price of $3.81, for a total transaction of $41,468.04. Following the transaction, the director now owns 15,851 shares in the company, valued at $60,392.31. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other BRC news, Director Evan Hafer sold 1,000,000 shares of the company's stock in a transaction on Friday, September 13th. The shares were sold at an average price of $3.17, for a total transaction of $3,170,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas E. Davin sold 10,884 shares of the company's stock in a transaction on Monday, September 9th. The stock was sold at an average price of $3.81, for a total transaction of $41,468.04. Following the transaction, the director now owns 15,851 shares in the company, valued at approximately $60,392.31. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,010,884 shares of company stock worth $12,811,468 in the last quarter. Company insiders own 73.80% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BRCC. Comerica Bank grew its stake in shares of BRC by 316.4% in the 1st quarter. Comerica Bank now owns 6,054 shares of the company's stock worth $26,000 after acquiring an additional 4,600 shares in the last quarter. nVerses Capital LLC bought a new stake in shares of BRC in the 2nd quarter worth $28,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of BRC in the 1st quarter worth $45,000. Smith Thornton Advisors LLC bought a new stake in shares of BRC in the 3rd quarter worth $45,000. Finally, United Asset Strategies Inc. bought a new stake in shares of BRC in the 3rd quarter worth $50,000. Institutional investors and hedge funds 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.