QVIDTVM Management LLC Grows Stake in BRC Inc. (NYSE:BRCC)

QVIDTVM Management LLC increased its holdings in shares of BRC Inc. (NYSE:BRCC) by 24.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 3,219,929 shares of the company’s stock after acquiring an additional 627,653 shares during the period. BRC comprises 7.7% of QVIDTVM Management LLC’s portfolio, making the stock its 6th biggest position. QVIDTVM Management LLC’s holdings in BRC were worth $11,012,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of BRCC. Vanguard Group Inc. increased its position in shares of BRC by 0.3% during the first quarter. Vanguard Group Inc. now owns 4,162,960 shares of the company’s stock worth $17,817,000 after acquiring an additional 14,361 shares during the period. Marshall Wace LLP grew its stake in BRC by 76.4% in the second quarter. Marshall Wace LLP now owns 812,373 shares of the company’s stock worth $4,980,000 after purchasing an additional 351,757 shares in the last quarter. Blair William & Co. IL increased its holdings in BRC by 370.2% during the 2nd quarter. Blair William & Co. IL now owns 802,710 shares of the company’s stock worth $4,921,000 after purchasing an additional 632,000 shares during the period. Renaissance Technologies LLC raised its position in BRC by 131.1% during the 2nd quarter. Renaissance Technologies LLC now owns 419,300 shares of the company’s stock valued at $2,570,000 after purchasing an additional 237,869 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of BRC by 3.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 377,477 shares of the company’s stock worth $1,291,000 after buying an additional 13,087 shares during the period. Hedge funds and other institutional investors own 16.29% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Roth Capital lowered BRC from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 9th. Telsey Advisory Group restated an “outperform” rating and issued a $6.00 price target on shares of BRC in a report on Thursday, October 31st. Roth Mkm reaffirmed a “neutral” rating and issued a $3.50 price target (down previously from $4.00) on shares of BRC in a research report on Wednesday, November 6th. Finally, DA Davidson reissued a “buy” rating and set a $5.50 price objective on shares of BRC in a report on Wednesday, September 18th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $6.50.

Insider Buying and Selling

In other news, Director Evan Hafer sold 1,000,000 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $3.17, for a total transaction of $3,170,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Thomas E. Davin sold 10,884 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $3.81, for a total value of $41,468.04. Following the completion of the transaction, the director now owns 15,851 shares of the company’s stock, valued at approximately $60,392.31. The trade was a 40.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,010,884 shares of company stock worth $12,811,468 in the last ninety days. 73.80% of the stock is owned by insiders.

BRC Stock Performance

BRCC stock opened at $2.99 on Tuesday. The firm has a 50-day simple moving average of $3.25 and a two-hundred day simple moving average of $4.57. 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 one year low of $2.78 and a one year high of $7.14. The firm has a market cap of $636.09 million, a price-to-earnings ratio of -38.00 and a beta of 1.16.

BRC (NYSE:BRCC) last announced its earnings results on Monday, November 4th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.01. The company had revenue of $98.20 million during the quarter, compared to the consensus estimate of $95.06 million. BRC had a negative net margin of 1.22% and a positive return on equity of 23.35%. During the same period last year, the firm earned ($0.05) earnings per share. On average, equities analysts forecast that BRC Inc. will post -0.02 EPS for the current fiscal year.

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.