Cresset Asset Management LLC Has $5.63 Million Stake in BRC Inc. $BRCC

Cresset Asset Management LLC raised its holdings in BRC Inc. (NYSE:BRCC) by 30.3% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 4,297,158 shares of the company’s stock after acquiring an additional 1,000,000 shares during the quarter. Cresset Asset Management LLC’s holdings in BRC were worth $5,629,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of BRCC. Goldman Sachs Group Inc. raised its holdings in BRC by 204.5% during the first quarter. Goldman Sachs Group Inc. now owns 651,251 shares of the company’s stock worth $1,361,000 after acquiring an additional 437,359 shares in the last quarter. Nuveen LLC acquired a new position in shares of BRC during the 1st quarter worth approximately $257,000. XTX Topco Ltd raised its stake in shares of BRC by 51.1% during the 1st quarter. XTX Topco Ltd now owns 47,751 shares of the company’s stock worth $100,000 after purchasing an additional 16,154 shares in the last quarter. QVIDTVM Management LLC raised its stake in shares of BRC by 0.7% during the 1st quarter. QVIDTVM Management LLC now owns 3,301,681 shares of the company’s stock worth $6,901,000 after purchasing an additional 23,047 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in shares of BRC in the 2nd quarter valued at approximately $28,000. 16.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BRCC has been the topic of a number of recent analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of BRC in a report on Wednesday, October 8th. Telsey Advisory Group reissued an “outperform” rating and issued a $2.50 price objective on shares of BRC in a research report on Tuesday, November 4th. Finally, Wall Street Zen upgraded shares of BRC from a “sell” rating to a “hold” rating in a research note on Monday, September 29th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $2.50.

BRC Price Performance

NYSE:BRCC opened at $1.25 on Monday. The company has a market cap of $309.38 million, a P/E ratio of -8.89 and a beta of 0.90. The firm’s fifty day moving average price is $1.33 and its two-hundred day moving average price is $1.51. BRC Inc. has a one year low of $1.17 and a one year high of $3.34. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.34 and a quick ratio of 0.68.

BRC (NYSE:BRCC) last announced its earnings results on Monday, November 3rd. The company reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). The business had revenue of $100.71 million during the quarter, compared to the consensus estimate of $101.80 million. BRC had a negative net margin of 2.86% and a negative return on equity of 11.48%. Equities analysts expect that BRC Inc. will post -0.02 earnings per share for the current year.

Insider Transactions at BRC

In other news, Director Steven Taslitz acquired 100,000 shares of BRC stock in a transaction dated Wednesday, November 12th. The stock was bought at an average price of $1.28 per share, for a total transaction of $128,000.00. Following the completion of the acquisition, the director directly owned 451,184 shares in the company, valued at approximately $577,515.52. The trade was a 28.48% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 73.80% of the stock is owned by company insiders.

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.