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

BRC Inc. (NYSE:BRCC - Get Free Report)'s share price dropped 4.1% during trading on Friday . The stock traded as low as $2.92 and last traded at $2.92. Approximately 450,149 shares were traded during trading, a decline of 41% from the average daily volume of 758,279 shares. The stock had previously closed at $3.04.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BRCC. Roth Mkm reaffirmed 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. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $6.00 target price 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 assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $6.50.

BRC Price Performance

The company has a debt-to-equity ratio of 0.92, a current ratio of 1.14 and a quick ratio of 0.58. The company has a 50-day simple moving average of $3.03 and a 200-day simple moving average of $3.80. The stock has a market cap of $628.65 million, a PE ratio of -36.94 and a beta of 1.12.

BRC (NYSE:BRCC - Get Free Report) last announced its quarterly 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. The business had revenue of $98.20 million during the quarter, compared to the consensus estimate 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 last year, the firm posted ($0.05) EPS. Sell-side analysts anticipate that BRC Inc. will post -0.02 EPS for the current fiscal year.

Institutional Investors Weigh In On BRC

A number of institutional investors and hedge funds have recently modified their holdings of the company. Engaged Capital LLC raised its holdings in BRC by 5.3% during the third quarter. Engaged Capital LLC now owns 13,535,560 shares of the company's stock worth $46,292,000 after purchasing an additional 684,542 shares during the last quarter. QVIDTVM Management LLC increased its position in shares of BRC by 24.2% in the third quarter. QVIDTVM Management LLC now owns 3,219,929 shares of the company's stock valued at $11,012,000 after buying an additional 627,653 shares in the last quarter. Blair William & Co. IL raised its stake in shares of BRC by 370.2% during 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 last quarter. Riverwater Partners LLC purchased a new stake in shares of BRC in the 3rd quarter worth about $1,091,000. Finally, Verition Fund Management LLC boosted its position in shares of BRC by 4,294.3% in 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. Institutional investors and hedge funds own 16.29% of the company's stock.

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.

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