Mercer Global Advisors Inc. ADV Takes Position in BRC Inc. (NYSE:BRCC)

Mercer Global Advisors Inc. ADV bought a new stake in BRC Inc. (NYSE:BRCC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 28,082 shares of the company’s stock, valued at approximately $89,000.

A number of other large investors also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD lifted its holdings in shares of BRC by 24.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 22,233 shares of the company’s stock valued at $71,000 after purchasing an additional 4,364 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of BRC by 106.0% in the fourth quarter. Jones Financial Companies Lllp now owns 9,011 shares of the company’s stock valued at $29,000 after purchasing an additional 4,637 shares in the last quarter. Intech Investment Management LLC lifted its holdings in BRC by 39.8% during the fourth quarter. Intech Investment Management LLC now owns 23,018 shares of the company’s stock worth $73,000 after acquiring an additional 6,549 shares during the period. MetLife Investment Management LLC boosted its position in BRC by 36.5% in 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. Finally, American Century Companies Inc. boosted its position in BRC by 7.9% in the fourth quarter. American Century Companies Inc. now owns 105,701 shares of the company’s stock worth $335,000 after purchasing an additional 7,742 shares during the last quarter. Institutional investors own 16.29% of the company’s stock.

Analysts Set New Price Targets

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

BRC Stock Performance

Shares of BRCC opened at $1.98 on Friday. The firm has a market cap of $421.11 million, a PE ratio of -24.69 and a beta of 1.14. The stock’s fifty day moving average price is $2.07 and its two-hundred day moving average price is $2.58. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.14 and a quick ratio of 0.58. BRC Inc. has a 1 year low of $1.48 and a 1 year high of $7.14.

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

BRC Company 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.