BRC (NYSE:BRCC) Hits New 52-Week Low – Here’s Why

BRC Inc. (NYSE:BRCC) hit a new 52-week low on Monday . The company traded as low as $2.42 and last traded at $2.47, with a volume of 170736 shares. The stock had previously closed at $2.53.

Analysts Set New Price Targets

BRCC has been the topic of a number of research analyst reports. Telsey Advisory Group reaffirmed an “outperform” rating and set a $6.00 price target on shares of BRC in a research report on Thursday, October 31st. Roth Mkm restated a “neutral” rating and set a $3.50 target price (down previously from $4.00) on shares of BRC in a research report on Wednesday, November 6th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, BRC currently has a consensus rating of “Moderate Buy” and an average target price of $6.50.

BRC Stock Performance

The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.58 and a current ratio of 1.14. The company’s 50 day moving average is $2.94 and its 200-day moving average is $3.39.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BRCC. American Century Companies Inc. increased its position in shares of BRC by 7.9% during the fourth quarter. American Century Companies Inc. now owns 105,701 shares of the company’s stock worth $335,000 after acquiring an additional 7,742 shares in the last quarter. Virtu Financial LLC acquired a new position in BRC during the 4th quarter valued at about $54,000. Intech Investment Management LLC increased its holdings in BRC by 39.8% during the 4th quarter. Intech Investment Management LLC now owns 23,018 shares of the company’s stock worth $73,000 after purchasing an additional 6,549 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of BRC in the fourth quarter worth approximately $76,000. Finally, Jones Financial Companies Lllp lifted its holdings in shares of BRC by 106.0% in the fourth quarter. Jones Financial Companies Lllp now owns 9,011 shares of the company’s stock valued at $29,000 after purchasing an additional 4,637 shares in the last quarter. 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.