Raymond James Financial Inc. Takes Position in BRC Inc. (NYSE:BRCC)

Raymond James Financial Inc. acquired a new position in BRC Inc. (NYSE:BRCC) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 23,918 shares of the company’s stock, valued at approximately $76,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its stake in BRC by 106.0% during the 4th quarter. Jones Financial Companies Lllp now owns 9,011 shares of the company’s stock valued at $29,000 after acquiring an additional 4,637 shares in the last quarter. Smith Thornton Advisors LLC boosted its holdings in shares of BRC by 41.7% during the fourth quarter. Smith Thornton Advisors LLC now owns 18,521 shares of the company’s stock worth $59,000 after purchasing an additional 5,446 shares during the period. Geode Capital Management LLC grew its position in BRC by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,073,638 shares of the company’s stock valued at $3,673,000 after purchasing an additional 10,100 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in BRC by 3.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 377,477 shares of the company’s stock valued at $1,291,000 after buying an additional 13,087 shares during the period. Finally, Lake Street Advisors Group LLC purchased a new stake in BRC in the 4th quarter worth approximately $48,000. 16.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. DA Davidson restated a “buy” rating and set a $3.00 price target on shares of BRC in a report on Wednesday, March 19th. Telsey Advisory Group set a $4.00 price objective on BRC in a research report on Wednesday, March 5th. Roth Capital set a $2.50 target price on BRC in a research report on Wednesday, March 5th. Finally, Roth Mkm reaffirmed a “neutral” rating and set a $2.50 price target (down from $3.50) on shares of BRC in a research note on Wednesday, March 5th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $4.60.

BRC Trading Up 4.1 %

Shares of NYSE:BRCC opened at $2.18 on Monday. The company has a current ratio of 1.14, a quick ratio of 0.58 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $463.37 million, a PE ratio of -27.19 and a beta of 1.16. BRC Inc. has a 1 year low of $1.89 and a 1 year high of $7.14. The firm has a fifty day moving average price of $2.27 and a 200 day moving average price of $2.80.

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, as well as sells coffee brewing equipment, and outdoor and lifestyle gear. It supports active military, veterans, and first responders.