Barclays PLC Boosts Holdings in BRC Inc. (NYSE:BRCC)

Barclays PLC grew its holdings in shares of BRC Inc. (NYSE:BRCC) by 325.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 74,967 shares of the company’s stock after acquiring an additional 57,366 shares during the quarter. Barclays PLC’s holdings in BRC were worth $257,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Smith Thornton Advisors LLC purchased a new position in shares of BRC in the third quarter worth $45,000. United Asset Strategies Inc. purchased a new position in shares of BRC in the third quarter worth $50,000. Intech Investment Management LLC purchased a new position in shares of BRC in the third quarter worth $56,000. Quadrature Capital Ltd purchased a new position in shares of BRC in the third quarter worth $75,000. Finally, D.A. Davidson & CO. purchased a new position in shares of BRC in the third quarter worth $91,000. 16.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. DA Davidson reaffirmed a “buy” rating and issued a $5.50 target price on shares of BRC in a research note on Wednesday, September 18th. Telsey Advisory Group reiterated an “outperform” rating and issued a $6.00 price target on shares of BRC in a report on Thursday, October 31st. Finally, Roth Mkm reiterated a “neutral” rating and issued a $3.50 price target (down previously from $4.00) on shares of BRC in a report on Wednesday, November 6th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $6.50.

BRC Stock Performance

Shares of BRCC stock opened at $3.19 on Monday. BRC Inc. has a 12 month low of $2.78 and a 12 month high of $7.14. The stock has a market cap of $678.65 million, a PE ratio of -39.88 and a beta of 1.14. The company has a current ratio of 1.14, a quick ratio of 0.58 and a debt-to-equity ratio of 0.92. The company’s fifty day moving average price is $3.05 and its 200-day moving average price is $3.99.

BRC (NYSE:BRCC) last announced its earnings results on Monday, November 4th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. BRC had a negative net margin of 1.22% and a positive return on equity of 23.35%. The firm had revenue of $98.20 million for the quarter, compared to analysts’ expectations of $95.06 million. During the same quarter in the previous year, the business posted ($0.05) EPS. On average, equities analysts expect that BRC Inc. will post -0.02 EPS for the current fiscal year.

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.