SG Americas Securities LLC Makes New Investment in BRC Inc. (NYSE:BRCC)

SG Americas Securities LLC bought a new position in shares of BRC Inc. (NYSE:BRCC) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 18,159 shares of the company’s stock, valued at approximately $58,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smith Thornton Advisors LLC acquired a new position in BRC during the 3rd quarter worth approximately $45,000. United Asset Strategies Inc. purchased a new stake in shares of BRC during the 3rd quarter worth approximately $50,000. Intech Investment Management LLC purchased a new stake in shares of BRC during the 3rd quarter worth approximately $56,000. Quadrature Capital Ltd purchased a new stake in shares of BRC during the 3rd quarter worth approximately $75,000. Finally, D.A. Davidson & CO. purchased a new stake in shares of BRC during the 3rd quarter worth approximately $91,000. Institutional investors and hedge funds own 16.29% of the company’s stock.

BRC Trading Up 2.2 %

Shares of BRCC opened at $2.59 on Friday. The stock has a fifty day moving average of $2.93 and a two-hundred day moving average of $3.39. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.58 and a current ratio of 1.14. The company has a market capitalization of $549.93 million, a PE ratio of -32.31 and a beta of 1.09. BRC Inc. has a fifty-two week low of $2.42 and a fifty-two week high of $7.14.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. 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 note on Wednesday, November 6th. Telsey Advisory Group reissued an “outperform” rating and set a $6.00 price target on shares of BRC in a research note on Thursday, October 31st. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $6.50.

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.