D. E. Shaw & Co. Inc. Increases Holdings in BRC Inc. (NYSE:BRCC)

D. E. Shaw & Co. Inc. boosted its position in shares of BRC Inc. (NYSE:BRCC) by 697.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 445,764 shares of the company’s stock after purchasing an additional 389,833 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.21% of BRC worth $1,413,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp raised 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 acquiring an additional 4,637 shares in the last quarter. Ameriprise Financial Inc. purchased a new position in BRC during the 4th quarter valued at about $47,000. Lake Street Advisors Group LLC bought a new stake in shares of BRC in the 4th quarter valued at about $48,000. Deerfield Management Company L.P. Series C purchased a new stake in shares of BRC in the 4th quarter worth approximately $48,000. Finally, Virtu Financial LLC bought a new position in shares of BRC during the fourth quarter valued at approximately $54,000. 16.29% of the stock is owned by institutional investors.

BRC Trading Up 3.5%

Shares of BRC stock opened at $1.93 on Friday. BRC Inc. has a 12-month low of $1.48 and a 12-month high of $7.14. The firm’s 50 day simple moving average is $2.06 and its two-hundred day simple moving average is $2.56. 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 firm has a market capitalization of $410.45 million, a price-to-earnings ratio of -24.06 and a beta of 1.14.

BRC (NYSE:BRCC) last announced its quarterly earnings data 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). BRC had a negative net margin of 1.22% and a positive return on equity of 23.35%. The firm had revenue of $89.97 million during the quarter, compared to analyst estimates of $88.08 million. Analysts predict that BRC Inc. will post -0.02 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on BRCC shares. Roth Mkm reissued a “neutral” rating and issued a $2.50 price target (down from $3.50) on shares of BRC in a research report on Wednesday, March 5th. DA Davidson reiterated a “buy” rating and issued a $3.00 target price on shares of BRC in a research note on Wednesday, March 19th. Roth Capital set a $2.00 target price on shares of BRC and gave the stock a “neutral” rating in a report on Wednesday, May 7th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $4.00 price target on shares of BRC in a research report on Thursday, May 1st.

About BRC

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.