Stifel Financial Corp Sells 141,038 Shares of BRC Inc. (NYSE:BRCC)

Stifel Financial Corp decreased its holdings in BRC Inc. (NYSE:BRCC - Free Report) by 92.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,170 shares of the company's stock after selling 141,038 shares during the quarter. Stifel Financial Corp's holdings in BRC were worth $35,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its stake in BRC by 7.9% in the fourth quarter. American Century Companies Inc. now owns 105,701 shares of the company's stock worth $335,000 after acquiring an additional 7,742 shares during the period. Raymond James Financial Inc. purchased a new stake in BRC in the fourth quarter worth $76,000. Barclays PLC lifted its stake in BRC by 325.9% in the third quarter. Barclays PLC now owns 74,967 shares of the company's stock worth $257,000 after acquiring an additional 57,366 shares during the period. Sanctuary Advisors LLC purchased a new stake in BRC in the fourth quarter worth $61,000. Finally, Bank of Montreal Can bought a new position in BRC in the fourth quarter worth $96,000. Hedge funds and other institutional investors own 16.29% of the company's stock.

BRC Stock Up 3.5%

Shares of BRCC traded up $0.07 during trading hours on Thursday, hitting $1.93. The company had a trading volume of 344,450 shares, compared to its average volume of 847,294. The firm has a fifty day moving average price of $2.06 and a 200-day moving average price of $2.56. 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 has a market capitalization of $410.45 million, a price-to-earnings ratio of -24.06 and a beta of 1.14. BRC Inc. has a 52-week low of $1.48 and a 52-week high of $7.14.

BRC (NYSE:BRCC - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The company had revenue of $89.97 million during the quarter, compared to analysts' expectations of $88.08 million. BRC had a positive return on equity of 23.35% and a negative net margin of 1.22%. On average, equities research analysts forecast that BRC Inc. will post -0.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Telsey Advisory Group reiterated an "outperform" rating and issued a $4.00 price objective on shares of BRC in a report on Thursday, May 1st. DA Davidson reiterated a "buy" rating and issued a $3.00 price objective on shares of BRC in a report on Wednesday, March 19th. Roth Capital set a $2.00 price objective on BRC and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Finally, Roth Mkm reiterated a "neutral" rating and issued a $2.50 price objective (down previously from $3.50) on shares of BRC in a report on Wednesday, March 5th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $4.50.

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.