BRC Inc. (NYSE:BRCC) Shares Acquired by Barclays PLC

Barclays PLC raised its stake in shares of BRC Inc. (NYSE:BRCCFree Report) by 325.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 74,967 shares of the company’s stock after purchasing an additional 57,366 shares during the period. Barclays PLC’s holdings in BRC were worth $257,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of BRCC. Smith Thornton Advisors LLC purchased a new stake in shares of BRC during the 3rd quarter valued at $45,000. United Asset Strategies Inc. acquired a new position in BRC in the third quarter valued at $50,000. Intech Investment Management LLC purchased a new stake in BRC during the third quarter valued at about $56,000. The Manufacturers Life Insurance Company increased its stake in BRC by 32.9% during the second quarter. The Manufacturers Life Insurance Company now owns 20,464 shares of the company’s stock worth $125,000 after acquiring an additional 5,064 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in BRC during the third quarter worth about $75,000. Hedge funds and other institutional investors own 16.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on BRCC shares. Roth Mkm reiterated a “neutral” rating and set a $3.50 target price (down previously from $4.00) on shares of BRC in a report on Wednesday, November 6th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $6.00 price target on shares of BRC in a research report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $6.50.

Get Our Latest Research Report on BRCC

BRC Trading Down 2.3 %

Shares of BRCC opened at $2.97 on Tuesday. BRC Inc. has a 12 month low of $2.78 and a 12 month high of $7.14. The stock’s 50-day moving average is $3.03 and its two-hundred day moving average is $3.73. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.14 and a quick ratio of 0.58. The stock has a market cap of $631.84 million, a PE ratio of -37.13 and a beta of 1.12.

BRC (NYSE:BRCCGet Free Report) last released its quarterly earnings results on Monday, November 4th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.02) by $0.01. The firm had revenue of $98.20 million for the quarter, compared to analyst estimates of $95.06 million. BRC had a positive return on equity of 23.35% and a negative net margin of 1.22%. During the same period in the previous year, the company posted ($0.05) EPS. Equities analysts forecast that BRC Inc. will post -0.02 earnings per share for the current fiscal year.

About BRC

(Free Report)

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.

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Institutional Ownership by Quarter for BRC (NYSE:BRCC)

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