Jane Street Group LLC Decreases Holdings in BRC Inc. (NYSE:BRCC)

Jane Street Group LLC trimmed its stake in BRC Inc. (NYSE:BRCC) by 53.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 273,322 shares of the company’s stock after selling 310,357 shares during the period. Jane Street Group LLC owned 0.13% of BRC worth $866,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of BRCC. SG Americas Securities LLC purchased a new stake in BRC in the 4th quarter worth $58,000. Sanctuary Advisors LLC bought a new position in shares of BRC during the 4th quarter valued at about $61,000. Lake Street Advisors Group LLC bought a new position in shares of BRC during the 4th quarter valued at about $48,000. Jones Financial Companies Lllp grew its position in BRC by 106.0% in the fourth quarter. Jones Financial Companies Lllp now owns 9,011 shares of the company’s stock worth $29,000 after acquiring an additional 4,637 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in BRC in the fourth quarter worth about $76,000. 16.29% of the stock is currently owned by hedge funds and other institutional investors.

BRC Stock Down 3.9%

Shares of NYSE BRCC opened at $1.85 on Friday. 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 company has a market cap of $393.39 million, a P/E ratio of -23.06 and a beta of 1.14. BRC Inc. has a 1 year low of $1.48 and a 1 year high of $7.14. The firm has a 50-day simple moving average of $2.06 and a two-hundred day simple moving average of $2.55.

BRC (NYSE:BRCC) last announced its quarterly earnings data 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 positive return on equity of 23.35% and a negative net margin of 1.22%. Research analysts anticipate that BRC Inc. will post -0.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.