BRC Inc. (NYSE:BRCC – Get Free Report) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 9,020,000 shares, an increase of 9.1% from the June 30th total of 8,270,000 shares. Currently, 14.1% of the company’s shares are sold short. Based on an average daily volume of 956,800 shares, the days-to-cover ratio is presently 9.4 days.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of BRC in a research note on Thursday, May 16th. Tigress Financial reissued a “buy” rating and issued a $11.00 target price on shares of BRC in a research report on Wednesday, May 22nd. Telsey Advisory Group reissued an “outperform” rating and set a $8.00 price target on shares of BRC in a research report on Wednesday, July 10th. Finally, Roth Mkm reiterated a “buy” rating and set a $7.00 price objective (up previously from $6.00) on shares of BRC in a research note on Friday, May 10th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, BRC presently has an average rating of “Moderate Buy” and a consensus target price of $8.00.
Read Our Latest Stock Analysis on BRCC
Hedge Funds Weigh In On BRC
BRC Trading Down 0.9 %
Shares of BRCC traded down $0.05 during mid-day trading on Tuesday, hitting $5.48. 157,559 shares of the stock were exchanged, compared to its average volume of 821,527. BRC has a 52-week low of $2.51 and a 52-week high of $7.14. The company has a quick ratio of 0.51, a current ratio of 1.07 and a debt-to-equity ratio of 1.02. The firm has a 50-day moving average of $5.95 and a two-hundred day moving average of $4.88.
BRC (NYSE:BRCC – Get Free Report) last announced its earnings results on Wednesday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.04. The business had revenue of $98.39 million during the quarter, compared to analyst estimates of $97.78 million. BRC had a positive return on equity of 14.15% and a negative net margin of 2.78%. Analysts forecast that BRC will post 0.03 EPS for the current fiscal year.
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
- The 3 Best Blue-Chip Stocks to Buy Now
- AbbVie Analysts Lead the Stock Higher as Humira Worries Recede
- Low PE Growth Stocks: Unlocking Investment Opportunities
- Harley-Davidson Stock Revs Up With Billion Dollar Buyback Program
- How to Invest in Biotech Stocks
- 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.