Tower Research Capital LLC TRC Raises Stock Position in BRC Inc. (NYSE:BRCC)

Tower Research Capital LLC TRC grew its holdings in BRC Inc. (NYSE:BRCC) by 106.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,415 shares of the company’s stock after purchasing an additional 3,831 shares during the quarter. Tower Research Capital LLC TRC’s holdings in BRC were worth $27,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Allworth Financial LP increased its holdings in BRC by 83.6% during the 4th quarter. Allworth Financial LP now owns 9,776 shares of the company’s stock worth $35,000 after purchasing an additional 4,450 shares during the period. SG Americas Securities LLC purchased a new stake in shares of BRC during the fourth quarter worth approximately $37,000. Alhambra Investment Management LLC raised its holdings in BRC by 21.8% in the fourth quarter. Alhambra Investment Management LLC now owns 16,750 shares of the company’s stock valued at $61,000 after acquiring an additional 3,000 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in BRC in the fourth quarter worth approximately $72,000. Finally, Raymond James & Associates grew its holdings in BRC by 27.3% during the 3rd quarter. Raymond James & Associates now owns 21,921 shares of the company’s stock worth $79,000 after acquiring an additional 4,697 shares in the last quarter. Institutional investors and hedge funds own 16.29% of the company’s stock.

BRC Stock Up 4.1 %

Shares of BRC stock traded up $0.15 during trading hours on Friday, hitting $3.85. The company had a trading volume of 481,293 shares, compared to its average volume of 506,933. The company’s 50-day moving average is $4.32 and its two-hundred day moving average is $3.95. BRC Inc. has a twelve month low of $2.51 and a twelve month high of $5.85. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.28 and a quick ratio of 0.61. The company has a market cap of $816.78 million, a P/E ratio of -14.26 and a beta of 1.01.

BRC (NYSE:BRCC) last issued its quarterly earnings data on Wednesday, March 6th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.20. BRC had a positive return on equity of 4.11% and a negative net margin of 4.23%. The company had revenue of $119.65 million for the quarter, compared to analyst estimates of $124.38 million. Analysts anticipate that BRC Inc. will post -0.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Telsey Advisory Group reaffirmed an “outperform” rating and set a $8.00 price objective on shares of BRC in a research report on Monday, March 4th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $7.92.

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.