Virtu Financial LLC Invests $169,000 in BRC Inc. (NYSE:BRCC)

Virtu Financial LLC bought a new stake in BRC Inc. (NYSE:BRCC) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 46,564 shares of the company’s stock, valued at approximately $169,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Wasatch Advisors LP purchased a new stake in shares of BRC in the 4th quarter valued at approximately $1,221,000. Intrinsic Edge Capital Management LLC purchased a new position in BRC in the fourth quarter valued at $50,000. Tower Research Capital LLC TRC raised its stake in BRC by 106.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,415 shares of the company’s stock valued at $27,000 after buying an additional 3,831 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in BRC during the 4th quarter worth about $72,000. Finally, Tokio Marine Asset Management Co. Ltd. boosted its position in shares of BRC by 23.5% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 30,000 shares of the company’s stock worth $109,000 after acquiring an additional 5,700 shares in the last quarter. Institutional investors and hedge funds own 16.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BRCC. Tigress Financial reissued a “buy” rating and set a $11.00 target price on shares of BRC in a research report on Wednesday, May 22nd. Needham & Company LLC restated a “hold” rating on shares of BRC in a research report on Thursday, May 16th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $8.00 target price on shares of BRC in a research report on Monday, May 6th. Finally, Roth Mkm reissued a “buy” rating and issued a $7.00 price target (up from $6.00) on shares of BRC in a research report on Friday, May 10th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $8.00.

BRC Trading Up 2.1 %

NYSE BRCC opened at $6.40 on Monday. BRC Inc. has a one year low of $2.51 and a one year high of $6.49. The firm has a market cap of $1.36 billion, a PE ratio of -35.55 and a beta of 1.21. The firm’s fifty day moving average is $5.24 and its two-hundred day moving average is $4.52. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.51 and a current ratio of 1.07.

BRC (NYSE:BRCC) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.04. BRC had a positive return on equity of 14.15% and a negative net margin of 2.78%. The firm had revenue of $98.39 million during the quarter, compared to the consensus estimate of $97.78 million. Analysts expect that BRC Inc. will post 0.03 earnings per share for the current year.

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.