Hollencrest Capital Management Reduces Stock Holdings in BRC Inc. (NYSE:BRCC)

Hollencrest Capital Management cut its stake in shares of BRC Inc. (NYSE:BRCC) by 4.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 98,825 shares of the company’s stock after selling 5,000 shares during the period. Hollencrest Capital Management’s holdings in BRC were worth $313,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Engaged Capital LLC boosted its stake in BRC by 5.3% in the 3rd quarter. Engaged Capital LLC now owns 13,535,560 shares of the company’s stock worth $46,292,000 after purchasing an additional 684,542 shares during the period. QVIDTVM Management LLC grew its position in shares of BRC by 24.2% during the 3rd quarter. QVIDTVM Management LLC now owns 3,219,929 shares of the company’s stock worth $11,012,000 after buying an additional 627,653 shares in the last quarter. Verition Fund Management LLC grew its position in shares of BRC by 4,294.3% during the 3rd quarter. Verition Fund Management LLC now owns 497,211 shares of the company’s stock worth $1,700,000 after buying an additional 485,896 shares in the last quarter. Barclays PLC grew its position in shares of BRC by 325.9% during the 3rd quarter. Barclays PLC now owns 74,967 shares of the company’s stock worth $257,000 after buying an additional 57,366 shares in the last quarter. Finally, State Street Corp boosted its position in BRC by 3.2% during the third quarter. State Street Corp now owns 955,717 shares of the company’s stock valued at $3,269,000 after purchasing an additional 29,596 shares in the last quarter. 16.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. DA Davidson lowered their price target on BRC from $5.00 to $3.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Telsey Advisory Group set a $4.00 price target on BRC in a research report on Wednesday, March 5th. Roth Capital set a $2.50 price objective on BRC in a report on Wednesday, March 5th. Finally, Roth Mkm reissued a “neutral” rating and issued a $2.50 price objective (down from $3.50) on shares of BRC in a report on Wednesday, March 5th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, BRC has a consensus rating of “Moderate Buy” and an average price target of $4.60.

BRC Price Performance

Shares of NYSE BRCC opened at $2.05 on Thursday. The stock’s 50-day moving average is $2.70 and its two-hundred day moving average is $3.10. The company has a market cap of $435.67 million, a price-to-earnings ratio of -25.56 and a beta of 1.09. BRC Inc. has a 1-year low of $2.00 and a 1-year high of $7.14. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.14 and a quick ratio of 0.58.

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.