275,000 Shares in BRC Inc. (NYSE:BRCC) Purchased by Point72 Asset Management L.P.

Point72 Asset Management L.P. purchased a new position in BRC Inc. (NYSE:BRCC - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 275,000 shares of the company's stock, valued at approximately $872,000. Point72 Asset Management L.P. owned about 0.13% of BRC as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in BRCC. SG Americas Securities LLC bought a new stake in shares of BRC in the fourth quarter worth about $58,000. Sanctuary Advisors LLC acquired a new position in shares of BRC during the fourth quarter worth about $61,000. Lake Street Advisors Group LLC bought a new position in shares of BRC during the fourth quarter worth about $48,000. Jones Financial Companies Lllp lifted its stake in BRC by 106.0% in the 4th quarter. Jones Financial Companies Lllp now owns 9,011 shares of the company's stock valued at $29,000 after acquiring an additional 4,637 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in BRC during the 4th quarter worth approximately $76,000. Institutional investors and hedge funds own 16.29% of the company's stock.

BRC Stock Down 3.9%

BRCC traded down $0.08 during trading on Monday, reaching $1.85. 454,465 shares of the stock were exchanged, compared to its average volume of 849,371. The stock has a market cap of $393.39 million, a P/E ratio of -23.06 and a beta of 1.14. 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 stock's 50 day moving average price is $2.06 and its two-hundred day moving average price is $2.54. BRC Inc. has a twelve month low of $1.48 and a twelve month high of $7.14.

BRC (NYSE:BRCC - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.02). BRC had a positive return on equity of 23.35% and a negative net margin of 1.22%. The firm had revenue of $89.97 million for the quarter, compared to analyst estimates of $88.08 million. Equities analysts expect that BRC Inc. will post -0.02 EPS for the current year.

Analyst Ratings Changes

BRCC has been the topic of a number of research reports. Roth Mkm reissued a "neutral" rating and issued a $2.50 price objective (down previously from $3.50) on shares of BRC in a research report on Wednesday, March 5th. Roth Capital set a $2.00 price target on shares of BRC and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. DA Davidson restated a "buy" rating and set a $3.00 price objective on shares of BRC in a research note on Wednesday, March 19th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $4.00 target price on shares of BRC in a research report on Thursday, May 1st.

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.