Jane Street Group LLC Has $866,000 Stock Holdings in BRC Inc. (NYSE:BRCC)

Jane Street Group LLC trimmed its position in BRC Inc. (NYSE:BRCC - Free Report) by 53.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 273,322 shares of the company's stock after selling 310,357 shares during the period. Jane Street Group LLC owned 0.13% of BRC worth $866,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Geode Capital Management LLC grew its stake in BRC by 4.0% in the fourth quarter. Geode Capital Management LLC now owns 1,116,595 shares of the company's stock worth $3,540,000 after purchasing an additional 42,957 shares in the last quarter. Northern Trust Corp boosted its stake in BRC by 2.2% in the fourth quarter. Northern Trust Corp now owns 417,230 shares of the company's stock valued at $1,323,000 after acquiring an additional 8,790 shares during the period. Tudor Investment Corp ET AL boosted its position in shares of BRC by 34.9% during the fourth quarter. Tudor Investment Corp ET AL now owns 265,472 shares of the company's stock worth $842,000 after buying an additional 68,646 shares during the period. American Century Companies Inc. boosted its position in shares of BRC by 7.9% during the fourth quarter. American Century Companies Inc. now owns 105,701 shares of the company's stock worth $335,000 after buying an additional 7,742 shares during the period. Finally, Barclays PLC boosted its position in shares of BRC by 11.2% during the fourth quarter. Barclays PLC now owns 83,339 shares of the company's stock worth $264,000 after buying an additional 8,372 shares during the period. 16.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. DA Davidson reiterated a "buy" rating and set a $3.00 price objective on shares of BRC in a research report on Wednesday, March 19th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $4.00 price target on shares of BRC in a report on Thursday, May 1st. Roth Mkm reaffirmed a "neutral" rating and issued a $2.50 price target (down previously from $3.50) on shares of BRC in a report on Wednesday, March 5th. Finally, Roth Capital set a $2.00 price target on BRC and gave the company a "neutral" rating in a report on Wednesday, May 7th.

BRC Stock Up 0.3%

NYSE:BRCC traded up $0.01 during trading hours on Thursday, reaching $1.85. The company's stock had a trading volume of 422,843 shares, compared to its average volume of 840,779. The company has a market cap of $393.39 million, a price-to-earnings ratio of -23.06 and a beta of 1.14. BRC Inc. has a one year low of $1.48 and a one year high of $7.14. The business's 50-day moving average is $2.03 and its 200-day moving average is $2.51. 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 (NYSE:BRCC - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.02). The business had revenue of $89.97 million during the quarter, compared to the consensus estimate of $88.08 million. BRC had a positive return on equity of 23.35% and a negative net margin of 1.22%. Equities research analysts predict that BRC Inc. will post -0.02 EPS for the current year.

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.