Lake Street Advisors Group LLC Boosts Holdings in BRC Inc. (NYSE:BRCC)

Lake Street Advisors Group LLC boosted its position in BRC Inc. (NYSE:BRCC) by 40.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,000 shares of the company’s stock after buying an additional 4,000 shares during the period. Lake Street Advisors Group LLC’s holdings in BRC were worth $72,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James & Associates purchased a new position in BRC in the 2nd quarter valued at $89,000. Anchor Capital Advisors LLC boosted its position in shares of BRC by 100.5% during the 2nd quarter. Anchor Capital Advisors LLC now owns 223,355 shares of the company’s stock worth $1,153,000 after purchasing an additional 111,940 shares in the last quarter. Virtu Financial LLC boosted its position in shares of BRC by 22.3% during the 2nd quarter. Virtu Financial LLC now owns 17,282 shares of the company’s stock worth $89,000 after purchasing an additional 3,156 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its position in shares of BRC by 12.5% during the 2nd quarter. Tokio Marine Asset Management Co. Ltd. now owns 24,300 shares of the company’s stock worth $125,000 after purchasing an additional 2,700 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its position in shares of BRC by 11.8% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 24,705 shares of the company’s stock worth $127,000 after purchasing an additional 2,598 shares in the last quarter. 15.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at BRC

In other news, Director Kathryn P. Dickson bought 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was purchased at an average price of $3.27 per share, with a total value of $98,100.00. Following the purchase, the director now owns 142,710 shares of the company’s stock, valued at approximately $466,661.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 71.20% of the stock is currently owned by corporate insiders.

BRC Stock Up 9.1 %

BRCC stock traded up $0.34 during trading on Friday, hitting $4.09. The stock had a trading volume of 1,212,309 shares, compared to its average volume of 483,377. The company’s 50 day moving average price is $3.29 and its two-hundred day moving average price is $4.37. BRC Inc. has a 1-year low of $2.51 and a 1-year high of $8.27. The company has a current ratio of 1.86, a quick ratio of 0.63 and a debt-to-equity ratio of 1.18.

Analyst Upgrades and Downgrades

BRCC has been the topic of several research analyst reports. Telsey Advisory Group restated an “outperform” rating and set a $8.00 target price on shares of BRC in a research report on Tuesday, September 12th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of BRC from $7.00 to $5.00 and set a “hold” rating on the stock in a research report on Friday, August 11th. Roth Mkm cut their price target on BRC from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Friday, August 11th. William Blair reaffirmed an “outperform” rating on shares of BRC in a research note on Friday, July 21st. Finally, MKM Partners cut their price target on BRC from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Friday, August 11th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, BRC has a consensus rating of “Moderate Buy” and a consensus price target of $7.81.

BRC 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; podcasts; and digital and print journals, as well as sells coffee brewing equipment, and outdoor and lifestyle gear. It supports active military, veterans, and first responders.