BRC (NYSE:BRCC) Reaches New 1-Year Low – Should You Sell?

BRC Inc. (NYSE:BRCC) shares reached a new 52-week low during mid-day trading 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 Analysts Forecast Growth

A number of equities research analysts have recently commented on BRCC shares. Telsey Advisory Group reaffirmed an “outperform” rating and set a $6.00 price objective on shares of BRC in a research note on Thursday, October 31st. Roth Mkm reaffirmed a “neutral” rating and set a $3.50 price objective (down previously from $4.00) on shares of BRC in a research note 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 data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $6.50.

BRC Stock Performance

The business’s 50 day moving average price is $3.00 and its 200 day moving average price is $3.50. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.58 and a current ratio of 1.14.

BRC (NYSE:BRCC) last released 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. BRC had a negative net margin of 1.22% and a positive return on equity of 23.35%. The firm had revenue of $98.20 million for the quarter, compared to analysts’ expectations of $95.06 million. During the same quarter last year, the company earned ($0.05) EPS. As a group, analysts forecast that BRC Inc. will post -0.02 EPS for the current fiscal year.

Institutional Investors Weigh In On BRC

A number of institutional investors have recently added to or reduced their stakes in the stock. Smith Thornton Advisors LLC acquired a new stake in BRC during the 3rd quarter worth $45,000. Lake Street Advisors Group LLC acquired a new stake in BRC during the 4th quarter worth $48,000. United Asset Strategies Inc. acquired a new stake in BRC during the 3rd quarter worth $50,000. Intech Investment Management LLC acquired a new stake in BRC during the 3rd quarter worth $56,000. Finally, SG Americas Securities LLC acquired a new stake in BRC during the 4th quarter worth $58,000. 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.