Blair William & Co. IL Trims Stock Position in BRC Inc. (NYSE:BRCC)

Blair William & Co. IL lowered its holdings in shares of BRC Inc. (NYSE:BRCC - Free Report) by 13.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 794,460 shares of the company's stock after selling 125,250 shares during the period. Blair William & Co. IL owned 0.37% of BRC worth $2,518,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Verition Fund Management LLC increased its holdings in shares of BRC by 4,294.3% in the third quarter. Verition Fund Management LLC now owns 497,211 shares of the company's stock valued at $1,700,000 after purchasing an additional 485,896 shares during the period. Barclays PLC raised its position in BRC by 325.9% during the 3rd quarter. Barclays PLC now owns 74,967 shares of the company's stock worth $257,000 after buying an additional 57,366 shares during the last quarter. State Street Corp raised its position in BRC by 3.2% during the 3rd quarter. State Street Corp now owns 955,717 shares of the company's stock worth $3,269,000 after buying an additional 29,596 shares during the last quarter. D.A. Davidson & CO. purchased a new stake in shares of BRC in the third quarter valued at about $91,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of BRC in the fourth quarter valued at about $76,000. Institutional investors and hedge funds own 16.29% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BRCC. DA Davidson restated a "buy" rating and issued a $3.00 price objective on shares of BRC in a research report on Wednesday, March 19th. Telsey Advisory Group set a $4.00 price target on BRC in a report on Wednesday, March 5th. Roth Mkm reaffirmed a "neutral" rating and set a $2.50 price objective (down previously from $3.50) on shares of BRC in a report on Wednesday, March 5th. Finally, Roth Capital set a $2.50 price objective on BRC in a research report on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $4.60.

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BRC Price Performance

NYSE BRCC traded down $0.02 during mid-day trading on Friday, hitting $2.01. The stock had a trading volume of 681,999 shares, compared to its average volume of 855,323. The company has a 50 day simple moving average of $2.37 and a 200 day simple moving average of $2.86. The company has a quick ratio of 0.58, a current ratio of 1.14 and a debt-to-equity ratio of 0.92. The company has a market cap of $427.15 million, a price-to-earnings ratio of -25.06 and a beta of 1.16. BRC Inc. has a 52-week low of $1.89 and a 52-week high of $7.14.

BRC 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.