Smith Thornton Advisors LLC Boosts Stake in BRC Inc. (NYSE:BRCC)

Smith Thornton Advisors LLC boosted its holdings in BRC Inc. (NYSE:BRCC) by 41.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,521 shares of the company’s stock after acquiring an additional 5,446 shares during the quarter. Smith Thornton Advisors LLC’s holdings in BRC were worth $59,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. United Asset Strategies Inc. acquired a new position in shares of BRC during the 3rd quarter worth $50,000. Intech Investment Management LLC acquired a new position in BRC during the third quarter worth about $56,000. The Manufacturers Life Insurance Company increased its holdings in BRC by 32.9% in the second quarter. The Manufacturers Life Insurance Company now owns 20,464 shares of the company’s stock valued at $125,000 after buying an additional 5,064 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in shares of BRC during the 3rd quarter valued at 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.

Analyst Ratings Changes

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

BRC Price Performance

NYSE BRCC opened at $3.14 on Thursday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.14 and a quick ratio of 0.58. BRC Inc. has a fifty-two week low of $2.78 and a fifty-two week high of $7.14. The business has a fifty day moving average of $3.04 and a 200-day moving average of $3.81.

BRC (NYSE:BRCC) last announced its earnings results on Monday, November 4th. The company reported ($0.01) earnings per share for the quarter, beating 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 the consensus estimate of $95.06 million. During the same quarter in the previous year, the company posted ($0.05) EPS. Equities research analysts predict that BRC Inc. will post -0.02 earnings per share 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.