13,075 Shares in BRC Inc. (NYSE:BRCC) Bought by Smith Thornton Advisors LLC

Smith Thornton Advisors LLC purchased a new stake in shares of BRC Inc. (NYSE:BRCC) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 13,075 shares of the company’s stock, valued at approximately $45,000.

A number of other institutional investors have also bought and sold shares of BRCC. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of BRC during the first quarter valued at about $45,000. Blair William & Co. IL bought a new position in shares of BRC during the 1st quarter valued at approximately $731,000. Maso Capital Partners Ltd bought a new position in BRC in the 1st quarter worth approximately $2,140,000. Magnolia Wealth Management LLC bought a new position in BRC in the 1st quarter worth approximately $254,000. Finally, Vanguard Group Inc. boosted its holdings in BRC by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 4,162,960 shares of the company’s stock worth $17,817,000 after buying an additional 14,361 shares during the period. Institutional investors own 16.29% of the company’s stock.

Insider Activity

In related news, Director Evan Hafer sold 3,000,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $3.20, for a total transaction of $9,600,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other BRC news, Director Evan Hafer sold 3,000,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $3.20, for a total value of $9,600,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas E. Davin sold 10,884 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $3.81, for a total transaction of $41,468.04. Following the transaction, the director now owns 15,851 shares of the company’s stock, valued at approximately $60,392.31. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,010,884 shares of company stock valued at $12,811,468 over the last three months. Insiders own 73.80% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Roth Capital cut shares of BRC from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 9th. DA Davidson reiterated a “buy” rating and issued a $5.50 target price on shares of BRC in a research note on Wednesday, September 18th. Telsey Advisory Group reiterated an “outperform” rating and issued a $6.00 target price on shares of BRC in a research note on Thursday, October 31st. Finally, Roth Mkm restated a “neutral” rating and set a $3.50 price objective (down previously from $4.00) on shares of BRC in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, BRC currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.50.

BRC Trading Down 4.2 %

Shares of BRCC opened at $3.07 on Friday. BRC Inc. has a 1-year low of $2.60 and a 1-year high of $7.14. The firm has a market capitalization of $651.39 million, a price-to-earnings ratio of -38.31 and a beta of 1.16. The firm’s 50-day moving average price is $3.46 and its 200-day moving average price is $4.64. The company has a current ratio of 1.07, a quick ratio of 0.59 and a debt-to-equity ratio of 1.01.

BRC (NYSE:BRCC) last issued its quarterly earnings results on Monday, November 4th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The company had revenue of $98.20 million during the quarter, compared to analysts’ expectations of $95.06 million. BRC had a negative net margin of 1.22% and a positive return on equity of 23.81%. During the same period last year, the company posted ($0.05) EPS. Sell-side analysts anticipate 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.