BRC Inc. (NYSE:BRCC - Get Free Report)'s stock price hit a new 52-week low on Thursday . The stock traded as low as $2.41 and last traded at $2.43, with a volume of 234656 shares changing hands. The stock had previously closed at $2.50.
Analysts Set New Price Targets
Separately, Roth Mkm reiterated a "neutral" rating and issued a $3.50 price objective (down from $4.00) on shares of BRC in a research report on Wednesday, November 6th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $6.50.
Read Our Latest Stock Analysis on BRC
BRC Stock Performance
The stock has a market capitalization of $551.00 million, a P/E ratio of -32.38 and a beta of 1.09. The company's 50-day moving average is $2.82 and its two-hundred day moving average is $3.19. The company has a current ratio of 1.14, a quick ratio of 0.58 and a debt-to-equity ratio of 0.92.
Institutional Trading of BRC
Several hedge funds have recently bought and sold shares of the company. Jones Financial Companies Lllp raised its position in shares of BRC by 106.0% during the 4th quarter. Jones Financial Companies Lllp now owns 9,011 shares of the company's stock worth $29,000 after buying an additional 4,637 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of BRC during the 4th quarter worth about $30,000. Smith Thornton Advisors LLC bought a new stake in shares of BRC during the 3rd quarter worth about $45,000. Ameriprise Financial Inc. bought a new stake in shares of BRC during the 4th quarter worth about $47,000. Finally, ProShare Advisors LLC bought a new stake in shares of BRC during the 4th quarter worth about $47,000. 16.29% of the stock is currently owned by institutional investors.
About BRC
(
Get Free Report)
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.
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