Fayez Sarofim & Co Buys Shares of 1,574,529 BRC Inc. $BRCC

Fayez Sarofim & Co bought a new stake in BRC Inc. (NYSE:BRCC) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,574,529 shares of the company’s stock, valued at approximately $2,456,000.

Several other hedge funds and other institutional investors have also modified their holdings of BRCC. CWM LLC grew its holdings in shares of BRC by 63.3% during the third quarter. CWM LLC now owns 18,616 shares of the company’s stock valued at $29,000 after buying an additional 7,215 shares in the last quarter. Engineers Gate Manager LP purchased a new stake in BRC in the 2nd quarter worth about $27,000. Virtu Financial LLC boosted its position in BRC by 82.2% during the 3rd quarter. Virtu Financial LLC now owns 21,037 shares of the company’s stock worth $33,000 after acquiring an additional 9,492 shares during the period. BNP Paribas Financial Markets boosted its position in BRC by 312.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 27,016 shares of the company’s stock worth $42,000 after acquiring an additional 20,469 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in BRC by 30.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 38,955 shares of the company’s stock valued at $61,000 after acquiring an additional 9,102 shares in the last quarter. Institutional investors and hedge funds own 16.29% of the company’s stock.

Insider Buying and Selling at BRC

In related news, Director Steven Taslitz acquired 150,000 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The shares were acquired at an average cost of $0.75 per share, with a total value of $112,500.00. Following the purchase, the director owned 601,184 shares of the company’s stock, valued at approximately $450,888. The trade was a 33.25% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 73.80% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BRCC. Weiss Ratings reiterated a “sell (e+)” rating on shares of BRC in a report on Wednesday, January 21st. DA Davidson set a $2.50 price target on shares of BRC in a report on Wednesday, January 14th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $2.50 price objective on shares of BRC in a research report on Tuesday, March 3rd. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, BRC currently has an average rating of “Hold” and a consensus price target of $2.33.

BRC Stock Up 0.3%

BRCC stock opened at $0.91 on Tuesday. The firm has a market cap of $226.63 million, a PE ratio of -6.51 and a beta of 0.94. BRC Inc. has a 1 year low of $0.60 and a 1 year high of $2.40. The company has a fifty day simple moving average of $0.84 and a 200 day simple moving average of $1.18. The company has a current ratio of 1.32, a quick ratio of 0.67 and a debt-to-equity ratio of 0.48.

BRC (NYSE:BRCC) last posted its earnings results on Monday, March 2nd. The company reported ($0.03) earnings per share for the quarter. BRC had a negative net margin of 2.99% and a negative return on equity of 21.46%. The company had revenue of $112.74 million for the quarter. Sell-side analysts anticipate that BRC Inc. will post -0.02 EPS for the current fiscal year.

BRC Company Profile

Black Rifle Coffee Company, Inc is a veteran-owned specialty coffee roaster and retailer that offers a range of coffee products, merchandise and subscription services. The company sources, roasts and distributes its own blends and single-origin coffees, as well as ready-to-drink beverages and branded apparel. Its product lineup includes whole-bean and ground coffees, cold brew concentrates, K-cup pods and limited-edition small-batch offerings designed to appeal to active lifestyle and patriotic consumers.

Founded in 2014 by U.S.