292,460 Shares in BRC Inc. $BRCC Bought by Prescott Group Capital Management L.L.C.

Prescott Group Capital Management L.L.C. bought a new position in shares of BRC Inc. (NYSE:BRCC) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 292,460 shares of the company’s stock, valued at approximately $325,000.

Several other large investors have also added to or reduced their stakes in the business. Kestra Private Wealth Services LLC acquired a new position in BRC during the fourth quarter worth $26,000. JPMorgan Chase & Co. boosted its holdings in BRC by 30.5% during the third quarter. JPMorgan Chase & Co. now owns 38,955 shares of the company’s stock worth $61,000 after purchasing an additional 9,102 shares during the last quarter. Tudor Investment Corp ET AL boosted its holdings in BRC by 23.7% during the third quarter. Tudor Investment Corp ET AL now owns 346,023 shares of the company’s stock worth $540,000 after purchasing an additional 66,211 shares during the last quarter. Alyeska Investment Group L.P. acquired a new position in BRC during the third quarter worth $16,206,000. Finally, Nantahala Capital Management LLC acquired a new position in BRC during the third quarter worth $4,104,000. Institutional investors and hedge funds own 16.29% of the company’s stock.

Analyst Ratings Changes

BRCC has been the subject of several recent research reports. Weiss Ratings restated a “sell (e+)” rating on shares of BRC in a report on Monday, April 20th. DA Davidson restated a “buy” rating and set a $2.50 target price on shares of BRC in a report on Tuesday, May 5th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $2.50 target price on shares of BRC in a report on Tuesday, March 3rd. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, BRC has a consensus rating of “Hold” and an average price target of $2.50.

Insiders Place Their Bets

In other news, Director Steven Taslitz bought 150,000 shares of the stock in a transaction that occurred on Thursday, March 5th. The shares were acquired at an average cost of $0.75 per share, for a total transaction of $112,500.00. Following the completion of the acquisition, the director owned 601,184 shares in the company, valued at approximately $450,888. This represents a 33.25% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 54.87% of the company’s stock.

BRC Price Performance

Shares of BRCC opened at $1.73 on Thursday. The company has a market cap of $430.39 million, a price-to-earnings ratio of -17.25 and a beta of 1.03. BRC Inc. has a 1-year low of $0.60 and a 1-year high of $2.10. The company’s fifty day simple moving average is $1.02 and its 200 day simple moving average is $1.03. The company has a current ratio of 1.36, a quick ratio of 0.74 and a debt-to-equity ratio of 0.46.

BRC (NYSE:BRCC) last issued its earnings results on Monday, May 4th. The company reported $0.00 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.01. The business had revenue of $109.23 million for the quarter, compared to the consensus estimate of $96.95 million. BRC had a negative net margin of 2.17% and a negative return on equity of 14.55%.

BRC 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.