Disciplined Investors L.L.C. Invests $92,000 in BRC Inc. (NYSE:BRCC)

Disciplined Investors L.L.C. bought a new stake in shares of BRC Inc. (NYSE:BRCC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 30,000 shares of the company’s stock, valued at approximately $92,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Verition Fund Management LLC boosted its position in BRC by 4,294.3% during the 3rd quarter. Verition Fund Management LLC now owns 497,211 shares of the company’s stock valued at $1,700,000 after acquiring an additional 485,896 shares in the last quarter. Barclays PLC boosted its position in shares of BRC by 325.9% during the third quarter. Barclays PLC now owns 74,967 shares of the company’s stock valued at $257,000 after purchasing an additional 57,366 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in BRC in the fourth quarter worth $61,000. State Street Corp grew its stake in BRC by 3.2% in the third quarter. State Street Corp now owns 955,717 shares of the company’s stock worth $3,269,000 after purchasing an additional 29,596 shares during the period. Finally, HighTower Advisors LLC raised its holdings in BRC by 153.4% in the third quarter. HighTower Advisors LLC now owns 27,521 shares of the company’s stock worth $91,000 after purchasing an additional 16,661 shares in the last quarter. Hedge funds and other institutional investors own 16.29% of the company’s stock.

Analyst Ratings Changes

BRCC has been the topic of a number of recent research reports. DA Davidson reaffirmed a “buy” rating and issued a $3.00 target price on shares of BRC in a research report on Wednesday, March 19th. Telsey Advisory Group set a $4.00 price objective on shares of BRC in a report on Wednesday, March 5th. Roth Capital set a $2.50 target price on shares of BRC in a report on Wednesday, March 5th. Finally, Roth Mkm restated a “neutral” rating and issued a $2.50 price target (down previously from $3.50) on shares of BRC in a research note on Wednesday, March 5th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $4.60.

BRC Stock Up 3.4 %

Shares of BRC stock opened at $2.11 on Thursday. The company has a 50-day simple moving average of $2.40 and a two-hundred day simple moving average of $2.89. The stock has a market capitalization of $449.52 million, a PE ratio of -26.38 and a beta of 1.09. BRC Inc. has a 52-week low of $1.93 and a 52-week high of $7.14. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.58 and a current ratio of 1.14.

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.