Barclays PLC Grows Stake in BRC Inc. (NYSE:BRCC)

Barclays PLC boosted its position in shares of BRC Inc. (NYSE:BRCC) by 325.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 74,967 shares of the company’s stock after purchasing 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 reporting period.

Several other large investors also recently bought and sold shares of the company. Engaged Capital LLC raised its stake in shares of BRC by 5.3% during the 3rd quarter. Engaged Capital LLC now owns 13,535,560 shares of the company’s stock worth $46,292,000 after buying an additional 684,542 shares during the last quarter. QVIDTVM Management LLC increased its holdings in BRC by 24.2% during the 3rd quarter. QVIDTVM Management LLC now owns 3,219,929 shares of the company’s stock valued at $11,012,000 after acquiring an additional 627,653 shares in the last quarter. Riverwater Partners LLC acquired a new position in BRC during the third quarter worth about $1,091,000. Verition Fund Management LLC lifted 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 in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of BRC in the second quarter valued at approximately $1,084,000. Institutional investors and hedge funds own 16.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Telsey Advisory Group restated an “outperform” rating and set a $6.00 price objective on shares of BRC in a research report on Thursday, October 31st. Roth Mkm reissued a “neutral” rating and set a $3.50 price target (down previously from $4.00) on shares of BRC in a research report on Wednesday, November 6th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, BRC presently has a consensus rating of “Moderate Buy” and an average price target of $6.50.

BRC Stock Performance

NYSE:BRCC opened at $2.97 on Tuesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.14 and a quick ratio of 0.58. The firm has a market cap of $631.84 million, a PE ratio of -37.13 and a beta of 1.12. The firm has a 50 day simple moving average of $3.03 and a 200-day simple moving average of $3.73. BRC Inc. has a 1-year low of $2.78 and a 1-year high of $7.14.

BRC (NYSE:BRCC) last released its earnings results on Monday, November 4th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $95.06 million. During the same period in the previous year, the company earned ($0.05) EPS. On average, equities analysts expect that BRC Inc. will post -0.02 EPS for the current 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.