Quadrature Capital Ltd Buys Shares of 22,030 BRC Inc. (NYSE:BRCC)

Quadrature Capital Ltd bought a new stake in BRC Inc. (NYSE:BRCC) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 22,030 shares of the company’s stock, valued at approximately $75,000.

Other hedge funds also recently modified their holdings of the company. Engaged Capital LLC raised its holdings in shares of BRC by 5.3% in 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 in the last quarter. QVIDTVM Management LLC raised its position in BRC by 24.2% in the 3rd quarter. QVIDTVM Management LLC now owns 3,219,929 shares of the company’s stock worth $11,012,000 after purchasing an additional 627,653 shares during the last quarter. Blair William & Co. IL boosted its position in BRC by 370.2% in the 2nd quarter. Blair William & Co. IL now owns 802,710 shares of the company’s stock valued at $4,921,000 after buying an additional 632,000 shares during the last quarter. Comerica Bank increased its position in BRC by 316.4% in the first quarter. Comerica Bank now owns 6,054 shares of the company’s stock worth $26,000 after purchasing an additional 4,600 shares during the period. Finally, Riverwater Partners LLC acquired a new position in BRC in the third quarter valued at approximately $1,091,000. Institutional investors own 16.29% of the company’s stock.

BRC Stock Down 0.3 %

Shares of BRCC stock opened at $3.11 on Friday. The firm has a market capitalization of $661.63 million, a P/E ratio of -38.88 and a beta of 1.14. The firm’s fifty day moving average price is $3.15 and its two-hundred day moving average price is $4.34. The company has a current ratio of 1.14, a quick ratio of 0.58 and a debt-to-equity ratio of 0.92. BRC Inc. has a 1 year low of $2.78 and a 1 year high of $7.14.

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

Analyst Ratings Changes

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

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.