Stifel Financial Corp Has $35,000 Holdings in BRC Inc. (NYSE:BRCC)

Stifel Financial Corp decreased its position in shares of BRC Inc. (NYSE:BRCC - Free Report) by 92.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,170 shares of the company's stock after selling 141,038 shares during the period. Stifel Financial Corp's holdings in BRC were worth $35,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Geode Capital Management LLC raised its stake in shares of 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 acquiring an additional 42,957 shares during the last quarter. American Century Companies Inc. raised its position in BRC by 7.9% in the 4th quarter. American Century Companies Inc. now owns 105,701 shares of the company's stock worth $335,000 after purchasing an additional 7,742 shares during the last quarter. Barclays PLC raised its position in BRC by 11.2% in the 4th quarter. Barclays PLC now owns 83,339 shares of the company's stock worth $264,000 after purchasing an additional 8,372 shares during the last quarter. XTX Topco Ltd acquired a new position in BRC during the 4th quarter worth $100,000. Finally, Bank of Montreal Can bought a new position in BRC in the 4th quarter valued at $96,000. 16.29% of the stock is owned by institutional investors and hedge funds.

BRC Trading Up 0.5%

NYSE:BRCC traded up $0.01 during mid-day trading on Monday, hitting $1.98. The company had a trading volume of 406,908 shares, compared to its average volume of 850,406. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.58 and a current ratio of 1.14. BRC Inc. has a fifty-two week low of $1.48 and a fifty-two week high of $7.14. The firm has a market cap of $422.18 million, a P/E ratio of -24.75 and a beta of 1.14. The business's fifty day moving average is $2.07 and its two-hundred day moving average is $2.57.

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 the consensus estimate of ($0.02) by ($0.02). The business had revenue of $89.97 million during the quarter, compared to analyst estimates of $88.08 million. BRC had a negative net margin of 1.22% and a positive return on equity of 23.35%. As a group, research analysts expect that BRC Inc. will post -0.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on BRCC shares. Roth Mkm reissued a "neutral" rating and issued a $2.50 target price (down from $3.50) on shares of BRC in a research note on Wednesday, March 5th. Telsey Advisory Group reiterated an "outperform" rating and issued a $4.00 price objective on shares of BRC in a research report on Thursday, May 1st. 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, DA Davidson reaffirmed a "buy" rating and issued a $3.00 target price on shares of BRC in a research note on Wednesday, March 19th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, BRC presently has an average rating of "Moderate Buy" and a consensus price target of $4.50.

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.