D.A. Davidson & CO. Sells 8,750 Shares of BRC Inc. (NYSE:BRCC)

D.A. Davidson & CO. lowered its stake in shares of BRC Inc. (NYSE:BRCC) by 32.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,990 shares of the company’s stock after selling 8,750 shares during the quarter. D.A. Davidson & CO.’s holdings in BRC were worth $57,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Smith Thornton Advisors LLC purchased a new position in shares of BRC in the 3rd quarter worth approximately $45,000. United Asset Strategies Inc. bought a new stake in BRC during the third quarter worth $50,000. Intech Investment Management LLC purchased a new position in BRC in the third quarter worth $56,000. SG Americas Securities LLC bought a new position in BRC in the 4th quarter valued at $58,000. Finally, Sanctuary Advisors LLC bought a new position in BRC in the 4th quarter valued at $61,000. 16.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Telsey Advisory Group reissued an “outperform” rating and issued a $6.00 price target on shares of BRC in a report on Thursday, October 31st. Roth Mkm reiterated a “neutral” rating and issued a $3.50 target price (down from $4.00) on shares of BRC in a research note on Wednesday, November 6th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $6.50.

BRC Price Performance

NYSE BRCC opened at $2.42 on Friday. The company has a market cap of $513.77 million, a PE ratio of -30.19 and a beta of 1.09. The company has a quick ratio of 0.58, a current ratio of 1.14 and a debt-to-equity ratio of 0.92. The firm’s 50-day simple moving average is $2.84 and its two-hundred day simple moving average is $3.21. BRC Inc. has a 52 week low of $2.40 and a 52 week high of $7.14.

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.