Engaged Capital LLC has recently announced that it has increased stake in BRC Inc (NYSE:BRCC) by 1.61%. After grabbing 12.65 million shares, the institutional investor is now in possession of 0.2 million shares of the Consumer Defensive Company. The new investment brought the stake of investor firm to 20.64% having worth around $36.69 million. Moreover, The Vanguard Group, Inc. increased its share by 87629.0 to have a control over 3.92 million shares. And Cresset Asset Management LLC raised its holdings to 1.0 million shares by acquiring 3.0 million shares or 4.89% of the stake.
BRC Inc (BRCC) concluded trading on 11/22/23 at a closing price of $3.89, with 0.47 million shares of worth about $1.82 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -28.75% during that period and on Wednesday the price saw a loss of about -0.51%. Currently the company’s common shares owned by public are about 61.28M shares, out of which, 60.73M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 9 analysts are covering the BRCC stock and their offered price forecasts bring an average price target of $5.42. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $8.00 and could fall to a lowest price of $3.50. The stock’s current price level is 28.23% above of average price target set by the analysts, while a rise to estimated low would result in loss of -11.14% for the stock. However, touching the estimated high of $8.00 would mean a gain of 51.37% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 25 times over the past 12 months. They bought 881,588 shares in 21 of the transactions. In 4 selling transactions, insiders dumped 905,080 shares.
Vanguard Total Stock Market ETF, Vanguard Small Cap Index Fund, and iShares Russell 2000 ETF are the top 3 mutual funds which are holding stakes in BRC Inc Vanguard Total Stock Market ETF is currently holding 1.2 million shares of worth totaling $3.49 million. The company recently came buying 0.0 shares which brought its stake up to 1.96% of the company’s outstanding shares. Vanguard Small Cap Index Fund bought 576.0 shares, after which its hold over company’s outstanding shares expand to 1.93%, leaving 1.18 million shares with the mutual fund that have a worth of about $3.43 million. iShares Russell 2000 ETF, after selling 0.87 million shares, have now control over 1.42% of the stake in the company. It holds 8732.0 shares of worth $2.53 million.
BRC Inc (NYSE: BRCC) started trading at $3.92, above $0.01 from concluding price of the previous day. However, the stock later moved at a day high price of 4.0050, or with a loss of -0.51%. Stock saw a price change of 18.24% in past 5 days and over the past one month there was a price change of 43.01%. Year-to-date (YTD), BRCC shares are showing a performance of -36.33% which decreased to -36.44% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.51 but also hit the highest price of $8.27 during that period. The average intraday trading volume for BRC Inc shares is 530.58K. The stock is currently trading 22.08% above its 20-day simple moving average (SMA20), while that difference is up 18.92% for SMA50 and it goes to -18.39% lower than SMA200.
Engaged Capital LLC acquired 12.65 million shares of BRC Inc having value of about $36.69 million. Data submitted at the U.S SEC by Engaged Capital LLC revealed that the firm now holds 0.2 million shares in the company valued at close to $778000.0, or have control over 1.61% stake in the company. BRC Inc (NYSE: BRCC) currently have 61.28M outstanding shares and institutions hold larger chunk of about 54.90% of that. Holding of mutual funds in the company is about 36.16% while other institutional holders and individual stake holders have control over 43.76% and 11.17% of the stake respectively.
The stock has a current market capitalization of $238.38M and its 3Y-monthly beta is at 0.89. It has posted earnings per share of -$0.30 in the same period. It has Quick Ratio of 0.63 while making debt-to-equity ratio of 5.12. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BRCC, volatility over the week remained 8.56% while standing at 7.55% over the month.
Analysts are in expectations that BRC Inc (BRCC) stock would likely to be making an EPS of -$0.02 in the current quarter, while forecast for next quarter EPS is -$0.03 and it is $0.14 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.09 which is $0.04 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.09 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 91.53% while it is estimated to increase by 112.89% in next year.
Analysts at 9 brokerage firms have issued recommendations for the BRC Inc (BRCC)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.11. Out of those 9 Wall Street analysts, 4 recommended a “Buy” rating, while 5 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
