BRC Inc. (NYSE:BRCC – Get Free Report) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 9,020,000 shares, a growth of 9.1% from the June 30th total of 8,270,000 shares. Currently, 14.1% of the shares of the company are short sold. Based on an average daily trading volume, of 956,800 shares, the short-interest ratio is presently 9.4 days.
BRC Stock Down 0.9 %
BRCC stock traded down $0.05 on Tuesday, hitting $5.48. The company had a trading volume of 157,559 shares, compared to its average volume of 821,527. BRC has a 12-month low of $2.51 and a 12-month high of $7.14. The company has a current ratio of 1.07, a quick ratio of 0.51 and a debt-to-equity ratio of 1.02. The stock’s 50-day simple moving average is $5.95 and its 200 day simple moving average is $4.88.
BRC (NYSE:BRCC – Get Free Report) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.04. BRC had a negative net margin of 2.78% and a positive return on equity of 14.15%. The company had revenue of $98.39 million for the quarter, compared to the consensus estimate of $97.78 million. On average, research analysts expect that BRC will post 0.03 earnings per share for the current fiscal year.
Institutional Investors Weigh In On BRC
Analyst Upgrades and Downgrades
Several brokerages have recently commented on BRCC. Telsey Advisory Group reaffirmed an “outperform” rating and set a $8.00 target price on shares of BRC in a report on Wednesday, July 10th. Tigress Financial reiterated a “buy” rating and set a $11.00 price target on shares of BRC in a report on Wednesday, May 22nd. Roth Mkm reissued a “buy” rating and set a $7.00 target price (up previously from $6.00) on shares of BRC in a research report on Friday, May 10th. Finally, Needham & Company LLC reissued a “hold” rating on shares of BRC in a research report on Thursday, May 16th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $8.00.
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.
Featured Stories
- Five stocks we like better than BRC
- Insider Trades May Not Tell You What You Think
- AbbVie Analysts Lead the Stock Higher as Humira Worries Recede
- Options Trading – Understanding Strike Price
- Harley-Davidson Stock Revs Up With Billion Dollar Buyback Program
- How to invest in marijuana stocks in 7 stepsĀ
- Cruise Line Stock Sinks Despite Beating EPS and Raised Guidance
Receive News & Ratings for BRC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BRC and related companies with MarketBeat.com's FREE daily email newsletter.