Stifel Financial Corp Reduces Position in BRC Inc. (NYSE:BRCC)

Stifel Financial Corp decreased its stake in shares of BRC Inc. (NYSE:BRCC) by 92.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,170 shares of the company’s stock after selling 141,038 shares during the period. Stifel Financial Corp’s holdings in BRC were worth $35,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. MetLife Investment Management LLC boosted its holdings in shares of BRC by 36.5% during the fourth quarter. MetLife Investment Management LLC now owns 25,036 shares of the company’s stock worth $79,000 after purchasing an additional 6,700 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of BRC during the fourth quarter worth $100,000. Barclays PLC boosted its holdings in shares of BRC by 11.2% during the fourth quarter. Barclays PLC now owns 83,339 shares of the company’s stock worth $264,000 after purchasing an additional 8,372 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of BRC during the fourth quarter worth $76,000. Finally, Bank of Montreal Can acquired a new stake in shares of BRC during the fourth quarter worth $96,000. Hedge funds and other institutional investors own 16.29% of the company’s stock.

Analyst Ratings Changes

BRCC has been the topic of several analyst reports. Roth Mkm restated a “neutral” rating and set a $2.50 price objective (down previously from $3.50) on shares of BRC in a report on Wednesday, March 5th. Roth Capital set a $2.00 price objective on BRC and gave the stock a “neutral” rating in a report on Wednesday, May 7th. Telsey Advisory Group reiterated an “outperform” rating and issued a $4.00 target price on shares of BRC in a report on Thursday, May 1st. Finally, DA Davidson reiterated a “buy” rating and issued a $3.00 target price on shares of BRC in a report on Wednesday, March 19th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $4.50.

BRC Price Performance

Shares of BRC stock opened at $1.98 on Friday. BRC Inc. has a twelve month low of $1.48 and a twelve month high of $7.14. The stock has a market capitalization of $421.11 million, a P/E ratio of -24.69 and a beta of 1.14. 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 business’s fifty day moving average price is $2.07 and its 200 day moving average price is $2.59.

BRC (NYSE:BRCC) last issued its earnings results on Monday, May 5th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The firm had revenue of $89.97 million during the quarter, compared to analyst estimates of $88.08 million. BRC had a negative net margin of 1.22% and a positive return on equity of 23.35%. As a group, research analysts anticipate that BRC Inc. will post -0.02 earnings per share for the current year.

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.