330,492 Shares in BRC Inc. (NYSE:BRCC) Acquired by Riverwater Partners LLC

Riverwater Partners LLC purchased a new position in BRC Inc. (NYSE:BRCC - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 330,492 shares of the company's stock, valued at approximately $1,091,000. Riverwater Partners LLC owned about 0.16% of BRC at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of BRCC. Wasatch Advisors LP lifted its position in BRC by 334.0% during the 1st quarter. Wasatch Advisors LP now owns 1,459,418 shares of the company's stock worth $6,246,000 after buying an additional 1,123,157 shares in the last quarter. Fortis Group Advisors LLC acquired a new position in BRC during the 1st quarter worth approximately $195,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of BRC in the 1st quarter valued at about $45,000. Hollencrest Capital Management raised its stake in shares of BRC by 40.8% during the 1st quarter. Hollencrest Capital Management now owns 262,820 shares of the company's stock worth $1,125,000 after purchasing an additional 76,120 shares in the last quarter. Finally, Blair William & Co. IL bought a new position in shares of BRC in the 1st quarter valued at about $731,000. 16.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on BRCC shares. Roth Mkm cut BRC from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $8.00 to $4.00 in a report on Friday, August 9th. Roth Capital downgraded BRC from a "strong-buy" rating to a "hold" rating in a report on Friday, August 9th. Telsey Advisory Group decreased their price target on shares of BRC from $8.00 to $6.00 and set an "outperform" rating for the company in a research report on Friday, August 9th. Finally, DA Davidson reissued a "buy" rating and set a $5.50 target price on shares of BRC in a research report on Wednesday, September 18th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $6.63.

BRC Trading Up 1.1 %

BRCC stock traded up $0.04 during mid-day trading on Thursday, reaching $3.30. The company's stock had a trading volume of 342,072 shares, compared to its average volume of 903,500. The company has a market cap of $700.25 million, a price-to-earnings ratio of -27.46 and a beta of 1.15. BRC Inc. has a 12 month low of $2.60 and a 12 month high of $7.14. The business's 50 day moving average price is $3.66 and its 200 day moving average price is $4.73. The company has a current ratio of 1.07, a quick ratio of 0.59 and a debt-to-equity ratio of 1.01.

BRC (NYSE:BRCC - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). The firm had revenue of $89.02 million for the quarter, compared to the consensus estimate of $101.54 million. BRC had a negative net margin of 1.88% and a positive return on equity of 17.53%. During the same quarter in the prior year, the company posted ($0.03) earnings per share. On average, equities research analysts predict that BRC Inc. will post -0.02 EPS for the current year.

Insider Transactions at BRC

In other news, Director Thomas E. Davin sold 10,884 shares of the company's stock in a transaction on Monday, September 9th. The shares were sold at an average price of $3.81, for a total value of $41,468.04. Following the completion of the sale, the director now owns 15,851 shares in the company, valued at $60,392.31. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Thomas E. Davin sold 10,884 shares of the company's stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $3.81, for a total value of $41,468.04. Following the completion of the transaction, the director now directly owns 15,851 shares of the company's stock, valued at $60,392.31. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Evan Hafer sold 3,000,000 shares of BRC stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $3.20, for a total value of $9,600,000.00. The disclosure for this sale can be found here. Insiders sold a total of 4,010,884 shares of company stock valued at $12,811,468 over the last ninety days. 73.80% of the stock is currently owned by insiders.

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.