BRC Inc (BRCC) can make a big difference with a little luck

BRC Inc (NYSE: BRCC) stock jumped 9.07% on Friday to $4.09 against a previous-day closing price of $3.75. With 1.21 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.52 million shares. During the session, the Packaged Foods company that operates in wider Consumer Defensive sector, reached to the highest price of $4.1300 whereas the lowest price it dropped to was $3.7500. The 52-week range on BRCC shows that it touched its highest point at $8.27 and its lowest point at $2.51 during that stretch. It currently has a 1-year price target of $5.50. Beta for the stock currently stands at 0.82.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BRCC was up-trending over the past week, with a rise of 25.85%, but this was up by 51.48% over a month. Three-month performance dropped to -1.92% while six-month performance fell -23.84%. The stock lost -33.71% in the past year, while it has lost -33.06% so far this year. A look at the trailing 12-month EPS for BRCC yields -0.30 with Next year EPS estimates of 0.07. For the next quarter, that number is 0.00. This implies an EPS growth rate of 90.64% for this year and 146.08% for next year.

Float and Shares Shorts:

At present, 61.28 million BRCC shares are outstanding with a float of 60.69 million shares on hand for trading. On Oct 30, 2023, short shares totaled 7.51 million, which was 12.25% higher than short shares on Sep 28, 2023. In addition to Mr. Evan Hafer as the firm’s Founder, CEO & Director, Mr. Thomas E. Davin serves as its Co-CEO & Director.

Institutional Ownership:

Through their ownership of 50.91% of BRCC’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 43.76% of BRCC, in contrast to 36.12% held by mutual funds. Shares owned by individuals account for 11.17%. As the largest shareholder in BRCC with 20.64% of the stake, Engaged Capital LLC holds 12,651,018 shares worth 12,651,018. A second-largest stockholder of BRCC, The Vanguard Group, Inc., holds 3,920,868 shares, controlling over 6.40% of the firm’s shares. Cresset Asset Management LLC is the third largest shareholder in BRCC, holding 3,000,000 shares or 4.89% stake. With a 1.96% stake in BRCC, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 1,202,500 shares are owned by the mutual fund manager. The Vanguard Small Cap Index Fund, which owns about 1.93% of BRCC stock, is the second-largest Mutual Fund holder. It holds 1,181,133 shares valued at 3.43 million. iShares Russell 2000 ETF holds 1.42% of the stake in BRCC, owning 871,955 shares worth 2.53 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BRCC since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With BRCC analysts setting a high price target of $8.00 and a low target of $3.50, the average target price over the next 12 months is $5.50. Based on these targets, BRCC could surge 95.6% to reach the target high and fall by -14.43% to reach the target low. Reaching the average price target will result in a growth of 34.47% from current levels.

Summary of Insider Activity:

Insiders traded BRCC stock several times over the past three months with 2 Buys and 0 Sells. In these transactions, 269,853 shares were bought while 0 shares were sold. The number of buy transactions has increased to 21 while that of sell transactions has risen to 4 over the past year. The total number of shares bought during that period was 881,588 while 905,080 shares were sold.