BRC Inc. (NYSE:BRCC)’s traded shares stood at 0.59 million during the last session. At the last check today, the stock’s price was $5.78, to imply a decrease of -6.37% or -$0.39 in intraday trading. The BRCC share’s 52-week high remains $34.00, putting it -488.24% down since that peak but still an impressive 0.52% since price per share fell to its 52-week low of $5.75. The company has a valuation of $1.32B, with an average of 0.63 million shares in intraday trading volume over the past 10 days and average of 567.01K shares over the past 3 months.
Analysts have given a consensus recommendation of an Overweight for BRC Inc. (BRCC), translating to a mean rating of 2.30. Of 8 analyst(s) looking at the stock, 0 analyst(s) give BRCC a Sell rating. 0 of those analysts rate the stock as Overweight while 4 advise Hold as 4 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -$0.01.
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BRC Inc. (NYSE:BRCC) trade information
After registering a -6.37% downside in the latest session, BRC Inc. (BRCC) has traded red over the past five days. The stock hit a weekly high of 6.32 this Wednesday, 03/15/23, dropping -6.37% in its intraday price action. The 5-day price performance for the stock is -3.72%, and -23.28% over 30 days. With these gigs, the year-to-date price performance is -5.45%. Short interest in BRC Inc. (NYSE:BRCC) saw shorts transact 5.96 million shares and set a 9.51 days time to cover.
Analysts on Wall Street suggest a consensus price target of $8.92, implying an increase of 35.2% to the stock’s recent value. The extremes give us $5.00 and $14.00 for target low and target high price respectively. As such, BRCC has been trading -142.21% off suggested target high and 13.49% from its likely low.
BRC Inc. (BRCC) estimates and forecasts
Looking at statistics comparing BRC Inc. share performance against respective industry, we note that the company has outperformed competitors. BRC Inc. (BRCC) shares are -36.38% down over the last 6 months, with its year-to-date growth rate higher than industry average at 100.00% against -2.40%. Revenue is forecast to shrink -100.20% this quarter before falling -101.80% for the next one. The rating firms project that company’s revenue will grow 64.90% compared to the previous financial year.
Revenue forecast for the current quarter as set by 7 analysts is $107.31 million. Meanwhile, for the quarter ending Jun 2023, a total of 7 analyst(s) estimate revenue growth to $111.21 million.Earnings reports from the last fiscal year show that sales brought in $65.84 million and $66.36 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 63.00% before jumping 67.60% in the following quarter.
BRC Inc. has its next earnings report out in April. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. BRC Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
BRC Inc. (NYSE:BRCC)’s Major holders
BRC Inc. insiders hold 2.43% of total outstanding shares, with institutional holders owning 50.59% of the shares at 51.85% float percentage. In total, 50.59% institutions holds shares in the company, led by Engaged Capital, LLC. As of Dec 30, 2022, the company held over 13.35 million shares (or 8.50% of shares), all amounting to roughly $78.08 million.
The next major institution holding the largest number of shares is Vanguard Group, Inc. (The) with 3.62 million shares, or about 2.30% of shares outstanding. As of the market price on Dec 30, 2022, these shares were worth $21.15 million.
We also have Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund as the top two Mutual Funds with the largest holdings of the BRC Inc. (BRCC) shares. Going by data provided on Sep 29, 2022, Vanguard Total Stock Market Index Fund holds roughly 1.2 million shares. This is just over 0.77% of the total shares, with a market valuation of $7.03 million. Data from the same date shows that the other fund manager holds a little less at 1.0 million, or 0.64% of the shares, all valued at about 5.87 million.