Cubist Systematic Strategies LLC Has $253,000 Stake in BRC Inc. $BRCC

Cubist Systematic Strategies LLC decreased its holdings in BRC Inc. (NYSE:BRCC) by 31.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 121,069 shares of the company’s stock after selling 54,283 shares during the quarter. Cubist Systematic Strategies LLC owned 0.06% of BRC worth $253,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of BRCC. Raymond James Financial Inc. acquired a new stake in BRC in the 4th quarter worth about $76,000. Price T Rowe Associates Inc. MD raised its stake in BRC by 24.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 22,233 shares of the company’s stock worth $71,000 after purchasing an additional 4,364 shares in the last quarter. Northern Trust Corp raised its stake in BRC by 2.2% in the 4th quarter. Northern Trust Corp now owns 417,230 shares of the company’s stock worth $1,323,000 after purchasing an additional 8,790 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in BRC in the 4th quarter worth about $89,000. Finally, Ameriprise Financial Inc. acquired a new stake in BRC in the 4th quarter worth about $47,000. Institutional investors and hedge funds own 16.29% of the company’s stock.

Analysts Set New Price Targets

Separately, Telsey Advisory Group reiterated an “outperform” rating and issued a $4.00 price objective on shares of BRC in a research note on Tuesday, August 5th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, BRC has an average rating of “Moderate Buy” and a consensus target price of $2.88.

BRC Trading Up 8.8%

Shares of BRC stock opened at $1.67 on Friday. The firm has a market capitalization of $413.30 million, a PE ratio of -11.10 and a beta of 0.92. 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 firm’s 50 day moving average is $1.61 and its 200 day moving average is $1.82. BRC Inc. has a 1 year low of $1.19 and a 1 year high of $3.85.

BRC (NYSE:BRCC) last announced its quarterly earnings results on Monday, August 4th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.04). The company had revenue of $94.84 million for the quarter, compared to the consensus estimate of $91.78 million. BRC had a negative net margin of 2.89% and a negative return on equity of 12.88%. BRC has set its FY 2025 guidance at EPS. Equities research analysts forecast that BRC Inc. will post -0.02 earnings per share for the current fiscal year.

Insider Activity at BRC

In related news, Director Glenn W. Welling purchased 400,000 shares of the firm’s stock in a transaction that occurred on Friday, July 18th. The shares were bought at an average cost of $1.25 per share, with a total value of $500,000.00. Following the acquisition, the director owned 13,935,560 shares of the company’s stock, valued at $17,419,450. This trade represents a 2.96% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Stephen M. Kadenacy purchased 80,000 shares of the firm’s stock in a transaction that occurred on Friday, July 18th. The shares were bought at an average cost of $1.25 per share, for a total transaction of $100,000.00. Following the completion of the acquisition, the director directly owned 1,068,482 shares in the company, valued at $1,335,602.50. The trade was a 8.09% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 676,000 shares of company stock valued at $851,000. Company insiders own 69.00% of the company’s stock.

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.