XTX Topco Ltd Buys 16,154 Shares of BRC Inc. (NYSE:BRCC)

XTX Topco Ltd lifted its stake in BRC Inc. (NYSE:BRCC) by 51.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,751 shares of the company’s stock after acquiring an additional 16,154 shares during the period. XTX Topco Ltd’s holdings in BRC were worth $100,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in BRC during the 4th quarter worth $30,000. Ameriprise Financial Inc. purchased a new position in BRC during the 4th quarter worth $47,000. ProShare Advisors LLC purchased a new position in BRC during the 4th quarter worth $47,000. Deerfield Management Company L.P. Series C purchased a new position in BRC during the 4th quarter worth $48,000. Finally, Wolverine Trading LLC grew its stake in BRC by 48.3% during the 4th quarter. Wolverine Trading LLC now owns 18,221 shares of the company’s stock worth $56,000 after buying an additional 5,936 shares during the last quarter. 16.29% of the stock is owned by institutional investors.

BRC Stock Performance

NYSE BRCC opened at $1.58 on Friday. The stock has a market capitalization of $224.56 million, a price-to-earnings ratio of -10.50 and a beta of 0.93. BRC Inc. has a twelve month low of $1.19 and a twelve month high of $4.65. The company has a current ratio of 1.29, a quick ratio of 0.70 and a debt-to-equity ratio of 1.97. The stock has a 50-day moving average of $1.58 and a 200 day moving average of $1.97.

BRC (NYSE:BRCC) last released its quarterly earnings results on Monday, August 4th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04). BRC had a negative return on equity of 12.88% and a negative net margin of 2.89%. The business had revenue of $94.84 million during the quarter, compared to analyst estimates of $91.78 million. Sell-side analysts anticipate that BRC Inc. will post -0.02 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on the company. Roth Capital set a $2.00 price target on BRC and gave the company a “neutral” rating in a research note on Wednesday, May 7th. Telsey Advisory Group reiterated an “outperform” rating and set a $4.00 price target on shares of BRC in a research note on Tuesday, August 5th.

Insider Transactions at BRC

In other news, Director Evan Hafer bought 80,000 shares of BRC stock in a transaction on Friday, July 18th. The stock was acquired at an average price of $1.25 per share, with a total value of $100,000.00. Following the completion of the acquisition, the director directly owned 80,000 shares of the company’s stock, valued at $100,000. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Glenn W. Welling bought 400,000 shares of BRC stock in a transaction on Friday, July 18th. The shares were purchased at an average cost of $1.25 per share, with a total value of $500,000.00. Following the acquisition, the director directly owned 13,935,560 shares of the company’s stock, valued at approximately $17,419,450. The trade was a 2.96% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 676,000 shares of company stock worth $851,000 over the last three months. 69.00% of the stock is owned by insiders.

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.